Hi,
I am in Colorado, which is a Public Trustee state. I have listed and sold 1 REO so far and am chasing getting more.
With this current foreclosure suspension, due to the "robo-signing", I want to know which 23 states they keep talking about. Are those the states with Judicial Foreclosure laws as distinct from those states with Public Trustees?
So, what I want is a resource to know:
- Which 23 states are the suspensions in ?
- Where can I find a listing of the states that are Judicial Foreclosure states ?
- Does it look like foreclosures will still be going forward in Public Trustee states?
Thanks!
Replies
Banks that regulators contacted include HSBC, Citigroup Inc., PNC Financial Services Group Inc., and U.S. Bankcorp (USB).
Simultaneously, title insurer Old Republic National said Friday it would stop insuring the sales of homes foreclosed by JPMorgan Chase & Co. or GMAC Mortgage until questions about documentation are cleared. An inability to get title insurance could bring home sales to a halt.
Colorado isn't on it. See the post above yours, BoA has stopped foreclosures in all 50 states.