Monday, March 26, 2012

Taking a year or more to foreclose a property?

The average loan in foreclosure has been in the process for 571 days, but judicial states are weighing heavily on that average.
Foreclosures in judicial states have aged an average 654 days, while foreclosures in non-judicial states have aged an average 297 days, according to Moody’s. 
To be relevant to you or to California, which is a non-judicial state, it will take 10 months to foreclose a house. 
Read more here.

No comments:

Post a Comment