Does the foreclosure process differ by state?
Foreclosure practices throughout the different states in the United States differ mainly according to the reality that one quarter of the states in the United States are what they call trustee states where mortgages are not in existence. The other three quarter states in the United States are what they call mortgage states and the foreclosure process differs dramatically between trustee states and mortgage states primarily in the speed and rapidity that the foreclosure action progresses. In a trustee state, a foreclosure will occur in typically ninety to one-hundred and fifty days. Where as a mortgage state, the foreclosure process can be dragged out, depending on the individual state, for as much as two years.
