What is a judicial state vs a non-judicial state?

If a borrower defaults and Sharestates begins the foreclosure process, the time a foreclosure takes generally depends on whether the property is located in a judicial state or non-judicial state. A judicial state means the foreclosure process must go through the court system, which can elongate the foreclosure process. A non-judicial state means that foreclosure process does not have to go through the court system, which generally makes the process quicker.

← Back to FAQ