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U.S. homes in foreclosure average 611 days late on payments

Posted on 04 October 2011

U.S. homeowners facing foreclosure were a record 611 days late paying their mortgages on average as legal disputes delayed bank repossessions, Lender Processing Services Inc. (LPS) said.
That was up from an average 599 days in July and 478 days in August 2010 for homes that had received a notice of foreclosure and weren’t sold or repossessed by banks, according to the Jacksonville, Florida-based real estate data company……………………………………….Full Article: Source


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