Relevant:
- Foreclosure Sales Rate 4 Times Faster in Non-Judicial States
- Despite National Decline, Foreclosures Rising in Many States
- Alt-A, Jumbo RMBS Performance Improves - Foreclosure timelines lengthening
- Housing recovers faster in non-judicial foreclosure states
- In States Where Foreclosures Bypass Judges, New Evidence of Robo-Signers
2012-03-18 — econintersect.com
"The pace of completed foreclosures is gradually increasing again, but the clearing ratio is falling as REO sales have slowed in the winter months. Judicial foreclosure states are continuing to process foreclosures more slowly than non-judicial foreclosure states," said Mark Fleming, chief economist with CoreLogic. "Non-judicial foreclosure states completed almost twice as many foreclosures per 1000 active loans as judicial foreclosure states in January."
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