GITNUX MARKETDATA REPORT 2024

Foreclosure Duration Statistics

The average duration from start to completion of the foreclosure process is typically around 673 days in the United States.

In this post, we explore detailed statistics on foreclosure durations across different states in the U.S. From the longest foreclosure process in New York to the shortest in Washington state, we examine the average timelines and trends in foreclosure durations as of 2021.

Statistic 1

"In 2021 Q2, the average U.S. foreclosure process duration was 857 days."

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Statistic 2

"New York has the longest average foreclosure duration, at 2,853 days."

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Statistic 3

"New Jersey has the second-longest average foreclosure timeline, at 2,701 days."

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Statistic 4

"In Florida, the average foreclosure timeline is 1,445 days."

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Statistic 5

"Indiana's foreclosure duration decreased from Q1 to Q2 in 2021, with an average duration of 616 days."

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Statistic 6

"In Texas, the average foreclosure timeline sits at 364 days."

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Statistic 7

"In the fourth quarter of 2020, the average foreclosure duration in Colorado was 973 days."

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Statistic 8

"Connecticut's average foreclosure duration in Q2 2021 was 1,711 days."

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Statistic 9

"In Georgia, the average foreclosure duration in 2021 is 572 days."

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Statistic 10

"As of 2021, the average foreclosure duration in Illinois is 1,150 days."

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Statistic 11

"Maine had the third-longest foreclosure duration in the U.S. in Q1 2021, at 2,304 days."

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Statistic 12

"In Nevada, the average foreclosure timeline is 365 days."

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Statistic 13

"The average foreclosure timeline in North Carolina is 502 days."

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Statistic 14

"In Ohio, the average foreclosure timeline was approximately 634 days in 2021."

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Statistic 15

"In Pennsylvania, the average foreclosure timeline is about 832 days."

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Statistic 16

"Rhode Island's average foreclosure timeline was 1,062 days in Q1 2021."

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Statistic 17

"In Tennessee, the average foreclosure timeline is 446 days."

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Statistic 18

"In Utah, the average foreclosure timeline is 403 days."

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Statistic 19

"Virginia had an average foreclosure timeline of 384 days in 2021."

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Statistic 20

"The average foreclosure timeline in Washington state was 333 days in 2021."

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The statistics on foreclosure durations across various states in the U.S. reveal significant disparities in the average length of time it takes for a foreclosure process to be completed. New York and New Jersey stand out with the longest average foreclosure durations, exceeding 2,700 days, while states like Texas and Washington have much shorter timelines, below 400 days. These variations suggest distinct regulatory, legal, and economic factors influencing the foreclosure processes in different states. Understanding these disparities can provide valuable insights for policymakers, homeowners, and real estate professionals working in the foreclosure market.

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