How long does it take on average for a home to move from pre-foreclosure to bank owned?

Asked by lmnepo, Cerritos, CA Wed Jul 25, 2012

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Robert Chomentowski’s answer
Robert Chome…, , San Diego, CA
Wed Jul 25, 2012
It can take over a year if the borrower just received a Notice of Default. Traditionally it has only taken about 6 mos, but there has been a lot of Government intervention into the mortgage market making it take a lot longer now.
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