House Counsel: A Real Estate Blog
Wednesday, October 5, 2011
How Late Is the Average Mortgage Before a Lender Forecloses?
This past September,
611
days.
(Legal disclaimer. This is a national average. A lender usually has the right to foreclose after the first missed payment. Don't take the average to mean you have 1 and 2/3 years to catch up on your mortgage.)
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