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Ambassador
3,151,188
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I just reviewed that with an agent yesterday. NC is a non-judicial state. SC is a judicial state.

Nov 06, 2018 08:03 AM
Rainmaker
721,091
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Daniel, This is why we have lawyers. a little bit of knowledge can be dangerous

Nov 06, 2018 08:01 AM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

We have both in CA.

Nov 06, 2018 09:55 AM
Rainmaker
4,277,582
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Talk to an expert in your state.  

Nov 06, 2018 07:36 AM
Rainmaker
2,940,263
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Agents should not be involving themselves in any aspect of any law.

Nov 06, 2018 10:18 AM
Rainmaker
3,215,412
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I understand and can communicate "basics"  and understand enough to ask questions of experts in the field. 

Nov 06, 2018 10:16 AM
Rainmaker
4,833,459
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Massachusetts is a NONJUDICIAL STATE.... banks and mortgage holders do not need permission from the courts....

Nov 06, 2018 08:56 AM
Rainmaker
2,857,318
Richard Weeks
Dallas, TX
REALTOR®, Broker

I had a better understanding when I was studying to get my real estate license.

Nov 06, 2018 08:27 AM
Rainmaker
997,108
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Georgia is an non-judicial state.

Nov 06, 2018 02:54 PM
Rainmaker
1,515,556
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Virginia is a non-judicial state. I have a pretty good understanding of different mortgage products, but I prefer to leave legal questions to the lawyers.

Nov 06, 2018 01:34 PM
Rainmaker
377,956
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Oregon deals with judicial foreclosures, but most mortgages are written with trust deeds.  During the recession, we had most foreclosures handled through the trustees sale, but when the Mers issue arose, many lenders opted for the judicial foreclosure, which was always an option.  Have to wait 6 months after these for title insurance to be granted due to right of redemption - plus the cost was so much more and the speed of the foreclosure so much slower.

Nov 06, 2018 12:47 PM
Rainmaker
642,381
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

"non" is what is mostly used in California.

It is faster. 

Lenders here seldom go to court for a foreclosures action.

Nov 06, 2018 12:29 PM
Rainmaker
994,625
Corinne Guest
Corinne Guest, Realtor | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

Judicial state here in happy ole IL. Yes I know the process very well. Buyers often want to know how it all works. Never hurts to know.

Nov 06, 2018 11:42 AM
Ambassador
2,341,439
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Yes, I am familiar.

   In Florida, we believe in Due Process.  We are a judicial state.

Nov 06, 2018 10:50 AM
Rainmaker
2,415,114
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes to familiarity of the process....As for details, I leave it for that time

Nov 06, 2018 10:25 AM
Rainmaker
976,419
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I don't expect State of Utah ask this kind of legal mortgage questions on realtor to sell homes.  Your questions is at least 15 years too old. We have licensed mortgage licencees handling loans.  You are studying for salesman license.

Nov 06, 2018 10:03 AM
Ambassador
3,981,814
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I am familiar with the foreclosure process and we are a non-judicial state in Tennessee.

Nov 11, 2018 08:09 PM
Rainmaker
4,002,084
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I know the timeline for clients behind in their payments.

Nov 11, 2018 06:17 PM
Rainmaker
3,039,896
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I know I should know more.

 

Nov 11, 2018 08:19 AM
Rainer
36,888
Kris Collis
Smart Way America Realty - East Stroudsburg, PA
Buy & Sell with Professional Results you Expect

Realty Trac list of Judicial and Non-Judicial foreclosure states but as always, consult/confirm with your state association of realtors attorney hotline or local real estate attorney.

http://www.edwardringwald.com/pdf/JudicialAndNonJudicialStates.pdf

Nov 09, 2018 05:44 PM
Ambassador
3,671,820
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

While we all need a basic understanding of the foreclosure process, we need to be careful to avoid practicing law without a license and make sure that any of our clients who might be in trouble get help from real lawyers.  Of course, a few of the agents on Activerain are real lawyers, but not too many.

Nov 08, 2018 12:57 PM
Rainmaker
983,722
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Not really.

Nov 07, 2018 09:01 PM
Rainmaker
1,410,163
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Daniel. 

I am not familiar. :(

Nov 07, 2018 08:32 PM
Rainmaker
1,265,586
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Washington State is a non-judicial state with a Right of Redemption period.

Nov 07, 2018 05:13 PM
Rainmaker
523,228
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

CALIORNIA-- Non-judicial.

Nov 07, 2018 09:10 AM
Rainmaker
4,796,409
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I know just enough to not give my opinion.

Nov 07, 2018 05:49 AM
Ambassador
4,008,199
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I am familiar with all of the foreclosures that I have purchased, but have no interest in listing any of them.

Nov 06, 2018 04:54 PM
Rainmaker
3,134,591
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Illinois is judicial - you need a lawyer to protect your interests.

Nov 06, 2018 03:16 PM
Rainmaker
69,971
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans Jumbo/Conventional/FHA/VA

Very much so. I use to bid for homes at the sheriff's sale and help people sell when they were in forclosure.

Nov 06, 2018 02:11 PM
Rainmaker
5,222,936
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Some of us have spent years working with foreclosures.

Learn the rules in your state

Nov 06, 2018 01:59 PM
Rainmaker
2,755,393
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I understand the process very well. 

I wish you all the best with your studies and with your real estate career.

Nov 06, 2018 12:08 PM