Foreclosures can take a long time to process, but they are getting faster. Properties foreclosed in the second quarter took an average of 720 days from the first foreclosure notice to completion. That is down from 883 days a year ago, according to a new report released by ATTOM Data Solutions, a real estate data firm.
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
Source:
“36,275 U.S. Properties With Foreclosure Filings in First Six Months of 2018, Down 15 Percent From a Year Ago,” ATTOM Data Solutions (July 12, 2018)
