- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- New York
If it happens, it will likely be 2022 before that segment starts picking up. It takes a while for foreclosures to work through the system and become a bank-owned property. 12-18 months is typical, though it varies greatly by state and even lender. I have one lender who gives me 2055's while a home is in their foreclosure pipeline. Some homes are well into their 3rd year of this pipeline.All my old REO contacts are gone. I expect that segment to be back next year.