How Does Illinois’ Foreclosure Timeline Stack Up?

by Peter Thomas Ricci


How does Illinois’ foreclosure timeline stack up with the rest of the United States? Unsurprisingly, it’s a judicial affair.

If the housing downturn has accomplished anything, it’s given us a new perspective on data. Formerly obscure sets of data, from the Case-Shiller Home Price Indices to the monthly delinquency reports from CoreLogic, are now pivotal cues to the housing recovery, with the real estate media (us included!) closely following their ebbs and flows. Perhaps the most intriguing set of data to capture the nation’s attention, though, has been the various foreclosure timelines across the 50 states, and how those individuals state’s policies on delinquencies and foreclosures have dictated just how long it takes for a lender to finally, officially repossess a property.

Judicial v. Nonjudicial Foreclosure Timelines

Of course, no element of the foreclosure process has been more heavily scrutinized than that of judicial and nonjudicial procedures. The meme is common by now to most agents – judicial states require an infinitely longer stretch of time to complete foreclosure proceedings compared to that of their nonjudicial brethren – but a fascinating new infographic from the KCM Blog has contributed a new perspective to that fact by taking a map of the U.S. and color coding it according to what each state’s average timeline is to complete a foreclosure. And it should come as no surprise that the results fall almost completely across judicial/nonjudicial lines.

Illinois, as a judicial state, boasts the fourth highest foreclosure timeline in the country, behind only Florida, New Jersey and New York, all – you guess it – fellow judicial states. Here’s how it broke down (you can click on the image for a larger size):


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  • Mary Corbett says:

    This is why Illinois is behind in its recovery…

  • Jer Resu says:

    This is ridiculous! I currently live under a people in foreclosure who still live in the unit and are causing serious water damage as well as other damage to my condo! why are they allowed to live for free? They have not paid thier mortgage in 9 months and are causing me financial duress in the form of continued damage estimated by a contractor in excess of 35000 in property damage due thier negligence! I want them out and evicted already!

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