Sentences with phrase «judicial states»

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.

But would even active disobedience be effective against our current judicial state?

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.

In contrast, foreclosure sales in judicial states such as New York, New Jersey, and Vermont only make up 5 percent of home sales.

• Judicial states combined posted a 26 percent year - over-year increase in overall foreclosure activity while non-judicial states combined posted a 20 percent year - over-year decrease in foreclosure activity.

Foreclosure inventories in judicial states are two and a half times those in non-judicial states, and the gap continues to widen.

So the process moves more quickly than it does in the judicial states — generally speaking.

Featured Speaker: Slaying Goliath: Fighting Fraud and Contesting Standing in Residential Foreclosures in Judicial States, January 11, 2010.

The areas experiencing the highest foreclosure rates tend to be judicial states, which are prone to delays in the foreclosure process.

So the process moves more quickly than it does in the judicial states — generally speaking.

A judicial state that has had its share of controversy over robo - signing practices as well as high levels of negative equity and deep declines in home values since 2006, Florida markets still offer investors the best opportunities to buy and profit by either flipping or renting and holding renovated foreclosures.

We still have a lot of shadow inventory in our Judicial state and it takes 849 days on average from beginning of the process to the end, there are plenty of deals out there, or at least here in Florida.

Like Florida, New York is a judicial state.

• Foreclosure starts increased on a year - over-year basis in 17 of the 26 judicial states and in 16 of the 24 non-judicial states.

LPS found that half of all loans in foreclosure in judicial states have not made a payment in more than two years.

«Strong gains like that from July to August demonstrate our progress — primarily in judicial states — clearing more volume to advance to foreclosure once we pass the numerous quality controls we have in place and exhaust all options with homeowners.»

In addition, the disposition of foreclosure inventories is considerably faster in non-judicial states, where foreclosure sales rates are four times higher than in judicial states.

Foreclosure inventories in judicial states are currently 2.5 times higher than non-judicial states.