It's a tough market right now, this thread is to encourage those who might be going through a rough time in their business.

Even a 200K home (fairly low dollar in the FL market) requires a 40K down payment which is tough to come up with without a hard money loan/HELOC combined with a conventional loan which would then be tough to make any cash flow.

.: Thanks everyone for your replies, it's in NJ, approx. how much time it will take for foreclosure process and how much I should be ready to spend on attorney.Once we hire an attorney, he will take care, or I also have to go court frequently.I am asking because I  have a job, it's tough to get frequent off.Trying to prepare myself for tough time ahead.Thanks again. 

As Nathan already mentioned, it's tough to provide guidance without your goals, skillset, etc.

An agent can help by speaking for you in tough transactions and smoothing things over to keep them from getting too personal.

This is a really tough question to answer because there's no specific area involved.

That would make it tough to pursue this for obvious reasons. 

The eviction process in DE has become so tough and time intensive to do that we use an attorney as needed.

1st time landlord investing in Class C or possibly Class D neighborhoods renting to section 8 tenants' out of state is extremely tough to do. 

Stand tough.