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Average Foreclosure Now Takes 631 Days

By: Decomposed in ROUND | Recommend this post (0)
Thu, 01 Dec 11 8:36 PM | 47 view(s)
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http://finance.yahoo.com/news/average-foreclosure-time-sets-record-161124637.html

Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 631 days, according to a new report from Florida-based Lender Processing Services.




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