According to this Wall Street Journal article, nationwide, the average loan in foreclosure has been in default for 492 days as of October. In October of 2005, the number of days in default was 289 days. In New York, the average number of days in default is 604. The caseload of foreclosures has doubled in the last year according to Hon. Michael Ajello, who holds settlement conferences daily for borrowers and lenders to try to see if loans can be modified to allow the homeowner to remain in the home. Judge Ajello claims that the lenders are not very cooperative when it comes to settling. Many lenders are claiming that they will not entertain a modification for many due to the fact that even if they agreed to this, many borrowers are still unable to make the payment. Read more.