INDUSTRY ILLUSTRATED
DS NEWS TRACKS THE LATEST AND MOST RELEVANT INDUSTRY
SURVEYS AND DATA TO KEEP YOU IN THE KNOW.
Foreclosure
Timelines
(in number of days, from date default
notice is issued to final sale at
foreclosure auction)
This month, we zero in on
days-to-foreclose and how much that
number has changed during the last
five years in states with the longest
foreclosure timelines and states with the
shortest. RealtyTrac says the average
time to foreclose actually decreased from
a year earlier in 15 states during the third
quarter of 2012, including
Arkansas (down 49 percent to 199 days),
Michigan (down 15 percent to 226 days),
Maryland (down 9 percent to 541 days),
California (down 8 percent to 335 days), and
New Jersey (down 4 percent to 931 days).
National
Average
New York
New Jersey
Florida
Ilinois
Hawaii*
Connecticut
Indiana
Colorado
Michigan
Arizona
Oregon*
Georgia
Judicial Foreclosure State
Virginia
Non-Judicial Foreclosure State
160
*States where recent legislation
and court rulings extended timeline
substantially from a year ago
Source: RealtyTrac
Texas
200
382
336
140
1072
986
341
931
974
311
858
749
209
673
527
280
662
408
N/A
661
584
186
Q3 2012
Q3 2011
Q3 2007
Q3 2012
Q3 2011
Q3 2007
Q3 2012
Q3 2011
Q3 2007
Q3 2012
Q3 2011
Q3 2007
Q3 2012
Q3 2011
Q3 2007
Q3 2012
Q3 2011
Q3 2007
Q3 2012
Q3 2011
Q3 2007
603
412
214
Q3 2012
242
253
180
Q3 2012
226
267
57
Q3 2012
194
176
124
Q3 2012
193
119
146
Q3 2012
150
142
113
Q3 2012
115
102
87
Q3 2012
97
86
53
Q3 2012
Q3 2011
Q3 2007
Q3 2011
Q3 2007
Q3 2011
Q3 2007
Q3 2011
Q3 2007
Q3 2011
Q3 2007
Q3 2011
Q3 2007
Q3 2011
Q3 2007
Q3 2011
Q3 2007
400
600
800
1000
