Saturday, October 18, 2008

How long does the foreclosure process take?

We took a look at the 107 Dane County foreclosure cases that were closed in the month of September, and here's what we found:

  • The average foreclosure case took 4 months to resolve.
  • The shortest foreclosure cases took one month to resolve.
  • The longest foreclosure case took 19 months to resolve.

If you're concerned about making your mortgage payments, you'll find the Dane County Housing Authority to be a useful resource. The DCHA offers counseling and workshops to help you assess your situation and understand your options. The DCHA also provides a document that explains the foreclosure timeline for homestead property in Wisconsin. You'll find that here.

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