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Ambassador
4,081,591
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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
966,493
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
1,361,043
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

We have both in CA.

Nov 06, 2018 09:55 AM
Rainmaker
5,359,374
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
3,901,197
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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

Nov 06, 2018 10:18 AM
Rainmaker
3,952,391
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
5,570,625
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with 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
3,867,763
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
1,716,596
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Georgia is an non-judicial state.

Nov 06, 2018 02:54 PM
Rainmaker
1,650,000
Mike Cooper, Broker VA,WV, MD
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
526,279
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
867,284
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
Ambassador
2,544,939
Fred Griffin Tallahassee Real Estate
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
2,609,744
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
1,135,477
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
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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

Nov 11, 2018 08:09 PM
Rainmaker
4,728,153
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
3,829,984
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
Rainmaker
188,781
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 570-801-5525

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
3,722,232
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
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Not really.

Nov 07, 2018 09:01 PM
Rainmaker
2,062,259
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
1,670,518
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
603,534
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

CALIORNIA-- Non-judicial.

Nov 07, 2018 09:10 AM
Rainmaker
4,799,306
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
5,208,324
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - 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
4,014,748
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
150,138
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, VA, GA and FL.

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
6,363,029
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
Ambassador
3,000,229
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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