They can also pay homeowners to leave, circumventing a court process for foreclosures that has led to big backlogs of nonperforming mortgages in judicial states including New York, New Jersey, Florida and Maryland. (bloomberg.com)
But would even active disobedience be effective against our current judicial state? (firstthings.com)
However, pipeline ratios — the time it would take to clear through the inventory of loans either seriously delinquent or in foreclosure at the current rate of foreclosure sales — have declined significantly in judicial states from earlier this year. (rismedia.com)