Sentences with phrase «require judicial foreclosures»

Not exact matches

A judicial foreclosure is processed through the courts; some states require lenders to use this process.

A foreclosure sale under a Deed of Trust does not have to follow the same procedures as a judicial foreclosure, which requires stricter parameters and a higher level of accountability; no judicial supervision is required for a foreclosure sale under a Deed of Trust in most states.

At the current rate of foreclosure sales, judicial foreclosure states would require 111 months to work through inventories of loans that are 90 or more days delinquent or in foreclosure.

However, Kiplinger.com notes that how each individual state recovers will depend largely on how it deals with foreclosures; in states that require judicial review before signing off on a foreclosure, backlogged properties can slow down the progress in the market.

States that do not require judicial review — like Texas and Delaware — are speeding through foreclosure processes in impressive time.

It takes an average of 806 days to complete foreclosure in the Sunshine State, which requires judicial review.