Top 10 States with Longest Foreclosure Timelines

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According to ATTOM Data’s most recent U.S. Foreclosure Market Report, there were a total of 143,105 U.S. properties with foreclosure filings in Q3, 2019.  That number was 6% lower than Q2 and down 19% from one year ago – which they say is represents the lowest level since 2005.  In addition they report that Q3 2019 was the 12th consecutive quarter where foreclosure activity was below the pre-recession average.

The top 10 states states with the longest average foreclosure timelines for homes foreclosed in Q3 of 2019 were Indiana (1,633 days); Hawaii (1,626 days); Nevada (1,511 days); New Jersey (1,173 days); and Georgia (1,170 days);  Florida (1,138 days); New York (1,103 days); Washington (1,002 days); Oklahoma (950 days); and Pennsylvania (914 days).

“Foreclosure activity continues to decline across the country, which is a good sign that the housing market and the broader economy remain strong – and that the lending excesses that helped bring down the economy during the Great Recession remain a memory,” said Todd Teta, chief product officer at ATTOM Data Solutions.

Click here to read the full report at ATTOMdata.com.

 

The post Top 10 States with Longest Foreclosure Timelines appeared first on Real Estate Investing Today.

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