The average foreclosure timeline in many states grew longer in the third quarter of 2011 as did the average time to sell foreclosures. Those longer timelines were largely the result of lenders continuing to sort through the fallout from the foreclosure robo-signing scandal that came to light in late 2010 and revealed that some lenders were employing questionable paperwork and procedures to foreclose.
But third quarter foreclosure data also showed that lenders may restarting the foreclosure machinery, at least in some states. Default notices, which start the foreclosure process, increased 14 percent from the second quarter to the third quarter, the first quarterly increase in default notices in six quarters.
Below are the 10 states with the longest time to foreclose in the third quarter of 2011.