States we serve
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
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.
Get My Free ReportWhat changes from state to state
01
Judicial states require court approval. Non-judicial states move faster. Buyers price that risk into every offer.
02
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
Some states have far more active buyers than others. More competition means better pricing and a smaller discount on your note.
Explore your state
IL
Judicial
Illinois requires a court case for every foreclosure, and contested cases often run past a year.
IN
Judicial
Indiana foreclosures go through the courts, with a waiting period after filing before any sheriff's sale.
IA
Judicial
Iowa foreclosures go through the courts and can carry a redemption period of up to a year.
KS
Judicial
Kansas foreclosures go through the courts and can include a redemption period of up to 12 months.
MI
Non-judicial
Michigan usually forecloses by advertisement, without going to court.
MN
Non-judicial
Minnesota usually forecloses by advertisement, followed by a redemption period that's typically six months.
MO
Non-judicial
Missouri forecloses through a trustee's sale without going to court, and it can move quickly.
NE
Non-judicial
Most Nebraska trust deeds can be foreclosed without a court case, often in a few months.
ND
Judicial
North Dakota foreclosures go through the courts, with limits on going after the borrower for any shortfall.
OH
Judicial
Ohio foreclosures go through the courts and take months even when no one contests them.
SD
Judicial or advertisement
South Dakota allows foreclosure by advertisement in some cases, but redemption periods can run up to a year.
WI
Judicial
Wisconsin foreclosures go through the courts, with a waiting period after judgment of 3 to 6 months for most recent home mortgages.
