Saturday, February 16, 2013

Faster process

"Many states with faster foreclosure processes are seeing sharper increases in home prices than states where foreclosures take longer to get done.

There are exceptions, and other factors — such as job growth — are likely stronger drivers of home price trends, economists say.

But home price data generally show stronger price increases in states where courts don't have to approve foreclosures than in states where they do. Foreclosures are completed faster where court approval isn't necessary."

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