Time To Foreclose Continues to Take Longer

The time it takes for banks to foreclose on homes is continuing to take longer. In June, the foreclosures in California, Oregon, Washington, Arizona, and Nevada all took longer than in 2010.

Additionally, all foreclosure activity continued to decline.

ForeclosureRadar reports:

The time to foreclose has increased on a year-over-year basis throughout our coverage area, with the largest increase seen in Nevada where it now takes on average 319 days to foreclose, up from 239 days a year ago. California saw the second most significant increase with the average time to foreclose at 317 days, up from 261 days a year ago. The least change was observed in Washington where the average time to foreclose is 106 days, only slightly higher than the 105 days seen a year ago.

Foreclosure filing activity was down throughout our coverage area in June 2011, with fewer foreclosure filings in all states. There were fewer foreclosure sales, both Back to Bank and Sold to 3rd Parties everywhere except Oregon which saw an uptick in activity at the courthouse steps.

Arizona Foreclosures

 Time To Foreclose Continues to Take Longer

California Foreclosures

 Time To Foreclose Continues to Take Longer

Nevada Foreclosures

 Time To Foreclose Continues to Take Longer

Oregon Foreclosures

 Time To Foreclose Continues to Take Longer

Washington Foreclosures

 Time To Foreclose Continues to Take Longer
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Greg Fielding

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J. Rockcliff Realtors

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Danville, CA 94526

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About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at http://whattodorealestate.com/In addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on Patrick.net. I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.

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