Pickle Real Estate

Reading Between the Head-Lines

Foreclosure timeline exceeding 500 days in some states

2010-11-04  Truthaboutmortgage.com

Foreclosure timelines continue to increase, thanks in part of the recent robosigning allegations and related moratoria, according to the September Mortgage Monitor report released byLender Processing Services.

The average number of days mortgages are delinquent in five judicial states (New York, Florida, New Jersey, Hawaii and Maine) now exceeds 500 days.

Judicial foreclosures generally take longer to process because they are handled through the courts, and we all know how that goes…

Full Article Here:

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November 4, 2010 - Posted by | Banking, Foreclosure, Investments, Lending, Stats

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