Relevant:
- Homeowner Deliquency Rate Falling
- MERS Ruling in Michigan Leaves Title Companies Hesitant on REO Sales
- Invoking FDCPA Claims In Non-Judicial Foreclosures Could End!
- Texas Suspends Sales Of Foreclosed Properties As Well As Foreclosures
- (Saving...) In MERS ruling, Oregon Supreme Court clears way for out-of-court foreclosures to proceed
2012-12-12 — opb.org
John Helmick is the president of Eugene-based Gorilla Capital, a company that invests in foreclosed properties and also tracks foreclosure data. His data show since this summer non-judicial foreclosures -- that's foreclosures processed outside the courts -- are down about 90 percent though much of the state.
Helmick said, "This isn't a small shift. This is a paradigm shift."
At the same time, judicial foreclosures where a loan servicer takes a delinquent lender directly to court-- are up, though not by nearly as much. So what's happened to cause that paradigm shift that Helmick is describing?
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