I’m a rubber meets the road amatuer expert. I track numerous places from nod, to brown lawn, to not, to listing, all as a consumer not a professional and I have never seen 23 months in the 100-200 places I watch. 3-12 months is 95% of them. I wouldn’t make any plans based on that data since the curbside data is completely different. There is a high volume right now and one that I am tracking is at 4 months from nod, with no not. I like that house so I am watching it but it has exceeded others so it may be going through a “workout” or the lender is swamped but I guarantee the nod gets removed or it goes not within a few months, not years.
That 8 month reo dispo is the time on the market and that is up to the seller and their pricing. I’m seeing more and more repos hit the market at 20% below the last comp and selling within a week, I think the author of that report is using time on market averages which includes FB’s and their overpriced resales which never sell, skewing the data.
