Difference Between a Judicial and Non Judicial Foreclosure

Non-Judicial States Let Mortgage Lenders Off The HookThere is a lot of talk about foreclosures in the news today. One aspect of foreclosures that has received little attention is difference between a judicial state and a non-judicial state. A judicial state requires that a lender file a foreclosure action in the court system and get an order from a judge before the property goes to a foreclosure sale. This provides the opportunity for the homeowner to assert any claims against the lender he or she may have and allow a judge to make a determination before the homeowner loses the home.Full Story: http://realtytimes.com/rtpages/20091104_nonjudicial.htm