Did you know that the timeline for a house to complete the foreclosure process on average is 720 days. Amazingly, this is a statistic from the process becoming faster. Last year it was over 880 days according to a real estate data report.
The states with the longest average timelines for foreclosures completed in the second quarter were:
- Hawaii: 1,553 days
- Florida: 1,166 days
- New Jersey: 1,161 days
- Utah: 1,108 days
- Indiana: 1,054 days
For comparison, the states with the shortest average timelines for foreclosures completed in the second quarter were:
- Arkansas (152 days)
- Virginia (169 days)
- New Hampshire (177 days)
- Mississippi (188 days)
- Minnesota (222 days)
This is a summary and viewpoint based on the full article at:
https://magazine.realtor/daily-news/2018/07/12/720-day-foreclosure-timeline-is-actually-an-improvement?tp=i-H43-Bb-2OQ-3tsh4-1p-9Znb-1c-3u51n-2H5d8R&om_rid=57647294&Om_ntype=RMOdaily&om_mid=9202