Most foreclosures don't need judges to sign off

12/21/2010 | Bloomberg

More than half the states are so-called non-judicial states, meaning that judges do not approve foreclosures, according to Sen. Christopher Dodd, D-Conn., chairman of the Senate Committee on Banking, Housing and Urban Affairs. Consumer advocates argue that borrowers in those states are much more vulnerable and the situation has led to a variety of lawsuits.

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