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Foreclosures are tale of 2 legal systems

Nonjudicial foreclosure states see most improvement
Published on May 1, 2012

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by CareyBot

Trends in serious delinquencies and foreclosures continue to be a tale of two legal systems.

According to loan data aggregator CoreLogic, in the 24 states where courts handle the foreclosure process, 13 saw foreclosure inventory rates increase in March when compared to a year ago. In contrast, the percentage of homes in the foreclosure process during March posted annual increases in only three of 26 nonjudicial foreclosure states.

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