Judicial vs. Non-Judicial States: Foreclosure Investing
Have you ever wondered what foreclosure law your state abides by? Have you ever wondered what foreclosure law other states use? Well, I put together a list of all 50 states that I’m sure you would love to take a look at.
What does it all mean?
Judicial Foreclosure – This is when the courts have to get involved and the foreclosure has to go through the legal system. This is typically a longer and more difficult process to deal with.
Non-Judicial Foreclosure – This is when the courts don’t get involved and the foreclosure stays out of the legal system. This is typically a shorter and easier process to deal with.
For more information about the difference between Judicial and Non-Judicial Foreclosure check out this website www.embracevision.com/JudvsNonJud.
Mortgage – This is the document used to purchase a house in a judicial state. It acts as the security instrument for the property.
Deed of Trust – This is the document used to purchase a house in a non-judicial state. It acts as the security instrument for the property.
For more information about the difference between Mortgage and Deed of Trust documents, check out this website www.embracevision.com/MortvsDeed.
Some states are both Judicial and Non-Judicial and you will need to check into the jurisdiction in your area to find out which method will be used.
|
# |
STATE |
JUDICIAL |
NON-JUDICIAL |
MORTGAGE |
DEED OF TRUST |
|
1 |
Alabama |
Yes |
Yes |
Yes |
Yes |
|
2 |
Alaska |
Yes |
Yes |
Yes |
Yes |
|
3 |
Arizona |
Not Typical |
Yes |
Not Typical |
Yes |
|
4 |
Arkansas |
Yes |
Yes |
Yes |
Yes |
|
5 |
California |
Not Typical |
Yes |
Not Typical |
Yes |
|
6 |
Colorado |
Yes |
Yes |
Yes |
Yes |
|
7 |
Connecticut |
Yes |
No |
Yes |
No |
|
8 |
Delaware |
Yes |
No |
Yes |
No |
|
9 |
Florida |
Yes |
No |
Yes |
No |
|
10 |
Georgia |
Yes |
Yes |
Yes |
Yes |
|
11 |
Hawaii |
Yes |
Yes |
Yes |
No |
|
12 |
Idaho |
Yes |
Yes |
Yes |
Yes |
|
13 |
Illinois |
Yes |
No |
Yes |
No |
|
14 |
Indiana |
Yes |
No |
Yes |
No |
|
15 |
Iowa |
Yes |
No |
Yes |
No |
|
16 |
Kansas |
Yes |
No |
Yes |
No |
|
17 |
Kentucky |
Yes |
No |
Yes |
No |
|
18 |
Louisiana |
Yes |
No |
Yes |
No |
|
19 |
Maine |
Yes |
No |
Yes |
No |
|
20 |
Maryland |
Yes |
Yes |
Yes |
Yes |
|
21 |
Massachusetts |
Yes |
No |
Yes |
No |
|
22 |
Michigan |
Yes |
No |
Yes |
No |
|
23 |
Minnesota |
Yes |
No |
Yes |
No |
|
24 |
Mississippi |
Yes |
Yes |
Yes |
Yes |
|
25 |
Missouri |
Yes |
Yes |
Yes |
Yes |
|
26 |
Montana |
Yes |
Yes |
Yes |
Yes |
|
27 |
North Carolina |
Yes |
Yes |
Yes |
Yes |
|
28 |
North Dakota |
Yes |
No |
Yes |
No |
|
29 |
Nebraska |
Yes |
No |
Yes |
No |
|
30 |
New Hampshire |
Yes |
No |
Yes |
No |
|
31 |
New Jersey |
Yes |
No |
Yes |
No |
|
32 |
New Mexico |
Yes |
No |
Yes |
No |
|
33 |
New York |
Yes |
Not Typical |
Yes |
Not Typical |
|
34 |
Nevada |
Not Typical |
Yes |
Not Typical |
Yes |
|
35 |
Ohio |
Yes |
No |
Yes |
No |
|
36 |
Oklahoma |
Yes |
Yes |
Yes |
Yes |
|
37 |
Oregon |
Yes |
Yes |
Yes |
Yes |
|
38 |
Pennsylvania |
Yes |
No |
Yes |
No |
|
39 |
Rhode Island |
Yes |
No |
Yes |
No |
|
40 |
South Carolina |
Yes |
No |
Yes |
No |
|
41 |
South Dakota |
Yes |
Yes |
Yes |
Yes |
|
42 |
Tennessee |
Yes |
Yes |
Yes |
Yes |
|
43 |
Texas |
Yes |
Yes |
Yes |
Yes |
|
44 |
Utah |
Yes |
Yes |
Yes |
Yes |
|
45 |
Virginia |
Yes |
Yes |
Yes |
Yes |
|
46 |
Vermont |
Yes |
No |
Yes |
No |
|
47 |
Washington |
Not Typical |
Yes |
Yes |
Yes |
|
48 |
West Virginia |
Yes |
Yes |
Yes |
Yes |
|
49 |
Wisconsin |
Yes |
No |
Yes |
No |
|
50 |
Wyoming |
Yes |
Yes |
Yes |
Yes |
Thank you,
Aaron Clendenning
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Thank you so much, there aren’t enough posts on this… or at least i cant find them. I am turning into such a blog nut, I just cant get enough and this is such an important topic… i’ll be sure to write something about your site