{"id":7878,"date":"2018-01-22T00:00:00","date_gmt":"2018-01-22T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/average-foreclosure-timelines-soar\/"},"modified":"2019-05-06T08:33:22","modified_gmt":"2019-05-06T08:33:22","slug":"average-foreclosure-timelines-soar","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/average-foreclosure-timelines-soar\/","title":{"rendered":"Average Foreclosure Timelines Soar"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div><!--\n\n\n<pre>--><\/p>\n<div>\n<p><!--paging_filter--><\/p>\n<p>The number of <a class=\"thirstylink\" title=\"Search Foreclosure Homes in United State\" href=\"https:\/\/amazingproperty.com.ng\/blog\/recommends\/search-foreclosure-homes-in-united-state\/\">foreclosures<\/a> may be dropping, but a huge backlog is building due to longer processing times. The average time to <a href=\"https:\/\/amazingproperty.com.ng\/blog\/find-foreclosed-properties-by-zip-code\/\">foreclose<\/a> jumped to more than 1,000 days nationwide in the fourth quarter of 2017. That marks a 14 percent increase from the previous quarter and a 28 percent increase from a year ago. It also is the longest number of days to process a <a class=\"thirstylink\" title=\"Search Foreclosure Homes in United State\" href=\"https:\/\/amazingproperty.com.ng\/blog\/recommends\/search-foreclosure-homes-in-united-state\/\"><strong>foreclosure<\/strong><\/a> since ATTOM Data Solutions, a <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> data firm, began tracking <a href=\"https:\/\/amazingproperty.com.ng\/blog\/guide-on-how-to-buy-a-foreclosed-home\/\">foreclosure<\/a> timelines in the first quarter of 2007.<\/p>\n<p>The states with the longest average times to foreclose in the fourth quarter of 2017 were:<\/p>\n<ul>\n<li>Indiana: 2,370 days<\/li>\n<li>Nevada: 1,933 days<\/li>\n<li>Florida: 1,493 days<\/li>\n<li>New Jersey: 1,298 days<\/li>\n<li>Georgia: 1,263 days<\/li>\n<\/ul>\n<p>On a county level, the places with the longest average times to <a class=\"thirstylink\" title=\"Search Foreclosure Homes in United State\" href=\"https:\/\/amazingproperty.com.ng\/blog\/recommends\/search-foreclosure-homes-in-united-state\/\">foreclose<\/a> in the fourth quarter of 2017 were:<\/p>\n<ul>\n<li>Queens County, N.Y.: 2,810 days<\/li>\n<li>Marion County, Ind. (Indianapolis): 2,810 days<\/li>\n<li>Orange County, Fla. (Orlando): 2,109 days<\/li>\n<li>Henry County, Ga. (Atlanta): 2,075 days<\/li>\n<li>Cherokee County, Ga. (Atlanta): 1,988 days<\/li>\n<\/ul>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" style=\"width: 620px; height: 451px;\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/05\/29081202c6cca13af19770839c71a03e-5.png?ssl=1\" alt=\"\" \/><\/p>\n<p><em>Source: ATTOM Data Solutions<\/em><\/p>\n<\/div>\n<\/div>\n<p><a> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The number of foreclosures may be dropping, but a huge backlog is building due to &hellip; <a title=\"Average Foreclosure Timelines Soar\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/average-foreclosure-timelines-soar\/\"><span class=\"screen-reader-text\">Average Foreclosure Timelines Soar<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7879,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,623,1285,12908,543,127,557,41,818,84,479],"class_list":["post-7878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-foreclosure","tag-foreclosures","tag-home","tag-home-buying-guide","tag-homes","tag-homes-for-sale","tag-property","tag-real","tag-real-estate","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6652,"url":"https:\/\/amazingproperty.com.ng\/blog\/where-you-can-still-snag-a-foreclosed-property\/","url_meta":{"origin":7878,"position":0},"title":"Where You Can Still Snag a Foreclosed Property","author":"Amazing Property","date":"October 17, 2017","format":false,"excerpt":"Foreclosure filings have sunk to a more than 11-year low. However, foreclosures haven\u2019t dried up everywhere, and bargain hunters may still find a deal. ATTOM Data Solutions reports that U.S. foreclosure activity in the third quarter was 31 percent below the prerecession average. But some of the nation\u2019s hottest markets\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3371,"url":"https:\/\/amazingproperty.com.ng\/blog\/where-foreclosure-deals-can-still-be-found\/","url_meta":{"origin":7878,"position":1},"title":"Where Foreclosure Deals Can Still Be Found","author":"Amazing Property","date":"April 13, 2017","format":false,"excerpt":"Fewer foreclosures are on the market. First-quarter foreclosure activity has fallen below pre-recession levels nationwide in 102 out of 216 metro areas analyzed, according to ATTOM Data Solutions. Still, a few markets are showing elevated levels of foreclosures. Read more: Where Foreclosure Backlogs Remain a Problem For example, first-quarter foreclosure\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6793,"url":"https:\/\/amazingproperty.com.ng\/blog\/fewer-zombie-homes-haunt-neighborhoods\/","url_meta":{"origin":7878,"position":2},"title":"Fewer \u2018Zombie\u2019 Homes Haunt Neighborhoods","author":"Amazing Property","date":"October 27, 2017","format":false,"excerpt":"This Halloween, you may be less spooked as fewer \u201czombies\u201d are out in real estate. The number of zombie\u00a0preforeclosure properties has plunged 22 percent from a year ago. A zombie\u00a0home is a property that is in foreclosure limbo. The foreclosure process has begun for the home, but it has not\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1509137348 1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7835,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreclosed-homes-dip-to-12-year-low\/","url_meta":{"origin":7878,"position":3},"title":"Foreclosed Homes Dip to 12-Year Low","author":"Amazing Property","date":"January 18, 2018","format":false,"excerpt":"Foreclosures hit a 12-year low in 2017, and the distressed properties remain increasingly difficult to find in many markets.\u00a0Foreclosure filings in 2017\u2014which include default notices, scheduled auctions, and bank repossessions\u2014dropped to the lowest level since 2005. In total, foreclosure filings were reported on 676,535 U.S. properties in 2017. That represents\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1516304157 1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/1516304157_1_rss.png?fit=599%2C726&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/1516304157_1_rss.png?fit=599%2C726&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/1516304157_1_rss.png?fit=599%2C726&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5857,"url":"https:\/\/amazingproperty.com.ng\/blog\/are-millions-of-boomerang-buyers-about-to-ignite-the-real-estate-market\/","url_meta":{"origin":7878,"position":4},"title":"Are Millions Of Boomerang Buyers About To Ignite The Real Estate Market?","author":"Amazing Property","date":"August 23, 2017","format":false,"excerpt":"Remember all those people who defaulted on their homes during the last housing crisis? Well, those bankruptcies are about to be discharged, or they already have been, and that means we could soon see an avalanche of homebuyers hitting the market.\r \r Just what constitutes an avalanche? \"More than 12.8\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"6d393441b727444ec55bf5290b652195_S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/6d393441b727444ec55bf5290b652195_S.jpg?fit=424%2C282&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5404,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreclosures-now-unicorns-of-housing-market\/","url_meta":{"origin":7878,"position":5},"title":"Foreclosures Now \u2018Unicorns\u2019 of Housing Market","author":"Amazing Property","date":"July 21, 2017","format":false,"excerpt":"Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions. \u201cWith a few local market exceptions, foreclosures have become the unicorns of the housing market:\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/1500681055_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/1500681055_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/1500681055_1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/ATTOM_Foreclosure%20timeliens.png?fit=1423%2C1034&ssl=1","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7878"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7879"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}