The length of time it takes to exit a mortgage investment in which the borrower defaults can vary depending on several factors, such as the state where the property is located, the specific foreclosure process, and any legal challenges or delays. In general, the foreclosure process can take several months to a year or more.

Once the foreclosure process is complete, the property can be sold or rented out, but the timeline for selling or renting the property can also vary depending on market conditions and other factors. It’s important for investors to be prepared for the possibility of a longer exit timeline in the event of a borrower default.