According to this excellent article, Bottom Lines: Foreclosures in New Jersey now take an average 849 days. It is now taking on average 849 days for the foreclosure process to take place. The fallout of the nationwide robo-signing issue. The foreclosure process has been extremely slowed. According to Kevin Post, "By putting off the resolution of the foreclosure crisis and the return to a normal housing market, the robo-signing crisis has substantially extended how long housing will be a drag instead of a boost to the economy. Among builders, Realtors and analysts, the common guess I’ve heard is that the foreclosure mess will drag out an extra year now." It will be interesting to see what the long term affects of this will be. If you would like information on foreclosures along the Jersey Shore. Visit - Cape May County foreclosures.
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