States we serve

Midwest note market data, built state by state.

Every state in our network has its own foreclosure laws, property value trends, and buyer demand levels. A national average tells you nothing useful, so our Market Data Reports are built on state-specific data.

Why your state matters

Your note's state shapes everything

If your borrower stopped paying, how long would it take to foreclose? That timeline directly affects what a buyer will pay for your note today. If the market in your state is especially active, you may be able to command stronger pricing.

Our reports factor all of this in, which is why we only serve states where we have real, current market data.

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States we serve
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What changes from state to state

Three things buyers price into every offer

01

Foreclosure process

Judicial states require court approval. Non-judicial states move faster. Buyers price that risk into every offer.

02

Foreclosure timeline

Timelines range from a couple of months to over two years. A longer timeline means a bigger discount off your note's face value.

03

Local buyer demand

Some states have far more active buyers than others. More competition means better pricing and a smaller discount on your note.

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12 Midwest states, each with its own rules

IL

Judicial

Illinois

Illinois requires a court case for every foreclosure, and contested cases often run past a year.

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IN

Judicial

Indiana

Indiana foreclosures go through the courts, with a waiting period after filing before any sheriff's sale.

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IA

Judicial

Iowa

Iowa foreclosures go through the courts and can carry a redemption period of up to a year.

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KS

Judicial

Kansas

Kansas foreclosures go through the courts and can include a redemption period of up to 12 months.

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MI

Non-judicial

Michigan

Michigan usually forecloses by advertisement, without going to court.

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MN

Non-judicial

Minnesota

Minnesota usually forecloses by advertisement, followed by a redemption period that's typically six months.

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MO

Non-judicial

Missouri

Missouri forecloses through a trustee's sale without going to court, and it can move quickly.

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NE

Non-judicial

Nebraska

Most Nebraska trust deeds can be foreclosed without a court case, often in a few months.

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ND

Judicial

North Dakota

North Dakota foreclosures go through the courts, with limits on going after the borrower for any shortfall.

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OH

Judicial

Ohio

Ohio foreclosures go through the courts and take months even when no one contests them.

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SD

Judicial or advertisement

South Dakota

South Dakota allows foreclosure by advertisement in some cases, but redemption periods can run up to a year.

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WI

Judicial

Wisconsin

Wisconsin foreclosures go through the courts, with a waiting period after judgment of 3 to 6 months for most recent home mortgages.

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