foreclosure timelines

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HUD watchdog: Servicer foreclosure delays cost FHA $2.23 billion

Oct 19, 2016By

A new report from a government watchdog shows that mortgage servicers’ delays in foreclosing on properties and subsequent delays in the conveyance of those properties to the Federal Housing Administration cost the FHA as much as $2.23 billion in unnecessary payouts.

3d rendering of a row of luxury townhouses along a street

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