Items Tagged with 'judicial state'


  • Foreclosure timelines in California, Nevada stay lengthy

    Moody’s: Gradual decline to start in early 2016
    Foreclosure timelines for private-label residential mortgage-backed securities loans backed by properties in California and Nevada, two non-judicial foreclosure states, will remain lengthy over the next year until gradually starting to decline in early 2016.
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  • New Connecticut foreclosure law seeks to bypass judicial backlog

    Offers short sale alternative, expedites process
    The bill, which was sponsored by State Representative Joe Diminico, who has been a Realtor for more than 30 years, allows property owners who are in the beginning of the foreclosure process to work directly with a broker and the mortgage holder to “speedily sell the property” and avoid the time-consuming judicial foreclosure process.
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  • Fannie, Freddie foreclosure inventory hits new peak in Florida

    Foreclosures in judicial states dwarf non-judicial states
    According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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