Foreclosure Activity Up In Judicial States, Down In Non-Judicial States

Realty Trac released their latest report on foreclosure activity. They use the term “mixed” to describe the results. While that is generally true, the real story is found in the states where the cities in the report are located. Those cities showing increases in foreclosure activity are located in “Judicial Foreclosure” states

An Update on Foreclosure Activity

Over the last few years a lot has happened in regards to the foreclosure process, which has ultimately affected the overall real estate market. Although a lot of lenders have pushed foreclosure properties through the pipeline at an accelerated rate since the end of 2011, many distressed properties in judicial foreclosure states are still in limbo due to the long foreclosure process in these states.

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