270 is the number of days difference between the foreclosure timelines of homes with loans of less than $417,000 and loans of more than $555,000. Homes with higher loans tend to have longer foreclosure timelines, “perhaps…[due to] the fact that more affluent homeowners have the means to tap into resources to help delay foreclosure, or that larger loans on expensive homes are more complex and take longer to disentangle,” said Foreclosure Radar in a report on the matter[1].

 


[1] http://www.dsnews.com/articles/report-foreclosure-timelines-lengthen-with-higher-loan-amounts-2013-05-16

by Carole VanSickle