November 20, 2017

How long does it take for the bank to foreclose on my house?

Answer:  On average it takes more than a year.

Source:

“The average loan in foreclosure—the process typically starts when a loan becomes 90 days past due and a bank files a complaint—had been in default for 492 days.”

http://online.wsj.com/article/SB10001424052748703865004575648900250047766.html?mod=WSJ_hp_mostpop_read

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