For the current inventory of REO assets, it took an average 179 days to foreclose on properties in power-of-sale states, versus 323 days in judicial-only states. This suggests that the current REO inventory from judicial-only states represents older stock that is finally making its way through the system.Nothing really new there, but it's always a stark reminder that geography matters. Here is a list of each state and their foreclosure law:
| Group Description | State Foreclosure |
| Alaska | Power-of-Sale |
| Alabama | Power-of-Sale |
| Arkansas | Power-of-Sale |
| Arizona | Power-of-Sale |
| California | Power-of-Sale |
| Colorado | Judicial |
| Connecticut | Judicial |
| Washington DC | Power-of-Sale |
| Delaware | Judicial |
| Florida | Judicial |
| Georgia | Power-of-Sale |
| Hawaii | Power-of-Sale |
| Iowa | Power-of-Sale |
| Idaho | Judicial |
| Illinois | Judicial |
| Indiana | Judicial |
| Kansas | Judicial |
| Kentucky | Judicial |
| Louisianna | Judicial |
| Massachusetts | Power-of-Sale |
| Maryland | Power-of-Sale |
| Maine | Judicial |
| Michigan | Power-of-Sale |
| Minnesota | Power-of-Sale |
| Missouri | Power-of-Sale |
| Mississippi | Power-of-Sale |
| Montana | Power-of-Sale |
| North Carolina | Power-of-Sale |
| North Dakota | Judicial |
| Nebraska | Power-of-Sale |
| New Hampshire | Power-of-Sale |
| New Jersey | Judicial |
| New Mexico | Power-of-Sale |
| Nevada | Power-of-Sale |
| New York | Judicial |
| Ohio | Judicial |
| Oklahoma | Power-of-Sale |
| Oregon | Power-of-Sale |
| Pennsylvania | Judicial |
| Puerto Rico | Power-of-Sale |
| Rhode Island | Power-of-Sale |
| South Carolina | Judicial |
| South Dakota | Judicial |
| Tennessee | Power-of-Sale |
| Texas | Power-of-Sale |
| Utah | Power-of-Sale |
| Virginia | Power-of-Sale |
| Vermont | Judicial |
| Washington | Judicial |
| Wisconsin | Judicial |
| West Virginia | Power-of-Sale |
| Wyoming | Power-of-Sale |
Delinquency by Property Type:
Posts
No comments:
Post a Comment