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DS News January 2020

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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112 A CLOSER LOOK AT FORECLOSURE TIMELINES e longest average foreclosure times were not confined to one area of the country, according to a study from ATTOM Data Solutions. Nationwide, foreclosure starts have been declining. According to ATTOM Data Solutions' most recent quarterly U.S. Foreclosure Market Report, there were a total of 143,105 U.S. properties with foreclosure filings in Q3 2019, and the average time to average time to foreclose saw an uptick in Q3 2019. Properties foreclosed during the quarter had been in the foreclosure process an average of 841 days, up from 716 days in the previous quarter and up from 713 days in Q3 2018 to the highest level since Q4 2017. Here are the 10 states with the longest, and the shortest, average foreclosure timelines. LONGEST FORECLOSURE TIMELINES STATE STATE INDIANA 1,633 DAYS HAWAII 1,626 DAYS NEVADA 1,511 DAYS NEW JERSEY 1,173 DAYS GEORGIA 1,170 DAYS FLORIDA 1,138 DAYS NEW YORK 1,103 DAYS WASHINGTON 1,002 DAYS OKLAHOMA 950 DAYS PENNSYLVANIA 914 DAYS SHORTEST FORECLOSURE TIMELINES STATE STATE VIRGINIA 201 DAYS MONTANA 217 DAYS MISSISSIPPI 229 DAYS ALASKA 258 DAYS OREGON 283 DAYS NEW HAMPSHIRE 292 DAYS ARKANSAS 318 DAYS WYOMING 321 DAYS MINNESOTA 354 DAYS WEST VIRGINIA 385 DAYS The Big Finish Wrap your head around the market's leading indicators. Hawaii Alaska

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