Average foreclosure wait grows 10 percent in Florida

The average time for a Florida foreclosure to wend its way through the system is 749 days – a little more than two years – according to the latest data from analysts at RealtyTrac.

The foreclosure timeline for the third quarter of 2011 is a 10 percent increase from the second quarter but keeps Florida in third place nationwide for the length of time it takes to repossess a home.

New York is in the top spot at 986 days, followed by New Jersey at 974 days. The national average is 336 days.

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fluidideas@gmail.com

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