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Judicial and Non-Judicial States

InfoGraphic

In judicial states the foreclosure process must be handled through the state’s court system thus extending the timelines to bring a home to foreclosure.

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Months’ Supply of Distressed Properties by State [INFOGRAPHIC]

[INFOGRAPHIC]

The months it would take to sell off all homes under distress or 90 days or more delinquent based on the current sales pace.

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Foreclosures in Process by State

Methodology as per CoreLogic: The foreclosure inventory represents the number and ratio of homes that have been placed into the process of foreclosure by the mortgage servicer. Mortgage servicers start the foreclosure process when the mortgage reaches a specific level of serious delinquency as dictated by the investor for the mortgage loan … The foreclosure inventory is measured only against homes that have an outstanding mortgage. Homes with no mortgage liens can never be in foreclosure and are therefore excluded from the analysis.

For further information, go to www.corelogic.com