In today’s economy, banks and courts are processing foreclosures at a historically slow pace, evidenced by the New York Times article predicting that it will take close to 62 years for the foreclosures currently pending in New York State to come to a disposition. Generally, when a unit is being foreclosed upon by a bank for non-payment of mortgage, the chances are very high that the owner has also fallen delinquent on his or her Association dues. Read More……
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