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States Which Have Prolonged Foreclosure Processes

Elongating Foreclosure Bank repossessions of homes in New York State Bank repossessions of homes nationally 1,600 140.000 After major banks acknowledged last fall that they had been illegally processing foreclosures, repossessions of homes slowed drastically. The foreclosure process hasslowed the most in states where the courts play a role like New York and Florida, where it can take years to process existing cases. 1,400 120 1.200 100 1,000 80 R00 60 600 40 400 200 20 "08 "09 "10 11 "08 09 "10 11 Average number of days mortgages have been in default, by county. 443 585 Data are through April 30. Default occurs when a mortgage is 30 days late. 220 1,550 Source LPS Applied AnalyticS ne. NEW YOK TIMES

States Which Have Prolonged Foreclosure Processes

shared by kmmr12 on Jan 04
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State map of the states that have prolonged foreclosure procedures.

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Economy
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