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Nationwide Average Foreclosures

Nationwide Average time for homes to spend in the foreclosure process was just 382 days, That may seem better but its actually still a stretch compared with average of 336 days in the 3rd quarter of last year-only 140 days in the 3rd quarter of 2007′.

At the current rate of processing, no wonder the volume of foreclosures is high even as the economy is improving and fewer mortgages are delinquent. Some experts think it will be 2015 before inventories begin to approach normal levels says

Rick Sharga, Executive Vice President at Carrington Mortgages Holdings.

 

 

 

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