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Florida Foreclosures Take an Average of 749 Days


In the State of Florida the average time it is taking to foreclose on a homeowner is 749 days.  That equates to almost 2 years, based on reporting by Realty Trac.  This number has increased significantly from the 2nd quarter of this year.  Foreclosure timelines are up in the third quarter by 10% across the nation.


The state of Florida is ranked third based on how long it takes to foreclose on a homeowner. New York is ranked has the number 1 state with 986 days. New Jersey is in second with 974 days. It is reported that the "national average is 336 days."