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Political Factoid
It will take years and years
to repossess the backlog
of homes in foreclosure.
Examples:
| States |
Estimate |
| New York |
62 years* |
| New Jersey |
49 years |
Massachusetts
Illinois
Florida |
10 years |
Nevada
Colorado
California |
2-3 years** |
| * |
Backlog of 213,000 homes at
286 completed per month
will take 62 years.
|
| ** |
When there is no court participation to
protect the consumer
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