Judicial vs. Non-Judicial States: Foreclosure Investing

-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 In Los Angeles check out this website Judicial vs. Non-Judicial Information

-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 Mortgage vs. Deed of Trust Information

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.

Due to some limitations with this Lens, I've placed the table at the following link for your review. Judicial vs. Non-Judicial States - Chart

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