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The Fam enjoying a day off at the Hotel Del Coronado.
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Nationwide average number of days between delinquency and foreclosure:
448 (one year and three months, so currently foreclosing homes are those that went delinquent July 2009).
Beyond the reality that there are many people in their homes not making mortgage payments, the facts above tell us that we have a long, difficult road ahead of us dealing with all of the delinquencies that have yet to make it through the system.
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