Sharing an article I read this morning to remind Californians that we are a non-judicial state and that the majority of the remaining foreclosure activity is in the judicial states. As in, you have to go to court to get a property foreclosed on. Needless to say....it takes a whole heck of a lot longer. So more properties would still be locked up in the system in judicial states.
Click On The Link Below For Full Reading:
Now, you'll see (as I don't hide anything), that it right away says it's a bit longer than before. Well, go figure, the market has slowed down a bit so of course it will take a lengthier time to clear it all out. Just like with a standard sale right now.
Anywhohow ~ that's my share on the, getting to be old news, foreclosures in our fair valley.