853 Days average time for a Foreclosure in Florida!
That is correct, not a typo. I've been using an old statistic from back in 2011 that had us above 600 days on average. I now stand corrected.
Interesting note: That's average. That means some are shorter and potentially much shorter and some are longer and much longer. For the non-math incline, 853 = about 2 years and 4 months!
How fast can I buy a new house after a Foreclosure?
That is a hot topic right now. The most lenient of opportunities currently resides with using an FHA loan. They will allow a purchase 3 years from the anniversary date after a Short Sale or a Foreclosure. Of course, that's takes into account that you have rebuilt your credit and have the…
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