Every state in our network has its own foreclosure laws, property value trends, and buyer demand levels. A national average tells you nothing useful. Our Market Data Reports are built on state-specific data, because what your note is worth in Missouri is not the same as what it’s worth in Michigan.
Judicial states require court approval. Non-judicial states move faster. Buyers price that risk into every offer.
Timelines range from 2 months to over 2 years. A longer timeline means a bigger discount off your note's face value in states like Ohio and Wisconsin, and that cut can be substantial.
Some states have far more active buyers than others. More competition means better pricing and a smaller discount on your note.
Illinois
Timeline: 12-18 months
Judicial
Strong buyer activity in Chicago metro and downstate. Longer timeline affects non-performing note pricing. Performing notes price well.
Indiana
Timeline: 6-12 months
Judicial
One of the faster judicial states. Mix of agricultural land notes and residential seller-financed notes. Active buyer base across Indianapolis and rural counties.
Iowa
Timeline: 12-24 months
Judicial
Land contract notes are especially common given Iowa’s strong agricultural tradition. Farm and rural property notes see consistent buyer appetite.
Kansas
Timeline: 6-12 months
Judicial
Agricultural land and rural residential notes dominate. Seller financing is widely used across small towns where traditional bank lending is less accessible.
Michigan
Timeline: 6-12 months
non-Judicial
Michigan’s non-judicial option makes it more attractive to buyers than many Midwest peers. Strong note activity in both metro Detroit and the rural Upper Peninsula.
Minnesota
Timeline: 6-12 months
Judicial
Active buyer market anchored by Minneapolis–St. Paul. Strong agricultural note activity in Greater Minnesota. Redemption rights apply, but timelines remain manageable.
Missouri
Timeline: 2-4 months
non-Judicial
One of the most buyer-friendly states in the Midwest. Non-judicial process and short timelines make it highly attractive. Strong demand across Kansas City, St. Louis, and rural markets.
Nebraska
Timeline: 6-12 months
Judicial
Agricultural land notes dominate. Buyers with agricultural expertise are active statewide. Omaha residential market adds additional urban deal flow.
North Dakota
Timeline: 6-12 months
Judicial
A smaller but active market driven by agricultural land and energy sector properties. Our network connects sellers to buyers who actively seek rural Midwest notes.
Ohio
Timeline: 12-18 months
Judicial
One of the largest note markets in the Midwest by volume. Strong institutional and private buyer interest across Columbus, Cleveland, and Cincinnati.
South Dakota
Timeline: 2-6 months
non-Judicial
South Dakota’s fast non-judicial process is one of the most buyer-friendly in the region. Note holders here typically see stronger buyer interest than neighboring states.
Wisconsin
Timeline: 12-18 months
Judicial
Active market across the Milwaukee–Madison corridor and rural agricultural counties. Performing notes command significantly stronger pricing than non-performing ones.
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.
