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Updated about 10 years ago on . Most recent reply

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Eran Linker
  • Lender
  • Tel Aviv, Israel
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11
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Which states are best to foreclose a note and which states it takes years ???

Eran Linker
  • Lender
  • Tel Aviv, Israel
Posted

Hi,

Before i buy a NPN i want to know which states forecloser is quick - less then a year?

And what states this procedure is very long and expensive ???

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,663
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

Generally speaking,,, mortgage states take longer than Deed of trust states.

some states are very fast  like Georgia... Mississippi  even the west coast states can be 6 or 7 months or less...

there are new rules about not starting a foreclosure for 120 days if its owner occ.

you can hire foreclosure trustee services to do this for you.

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JLH Capital Partners

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