Foreclosures; mortgages and deeds of trust(ZT)

Foreclosures; mortgages and deeds of trust	meg-abear
I was reading this article on the Most Ruthless Forclosure States......and this blurb really shocked me. "Instates where deeds of trust are an option, lenders almost always choosethem over mortgages, because they are "non-judicial" - and quick. California, where foreclosure might come as soon as 120 days following the delinquency notice, is one of them. Said Jacobson: ""I've been a real estate attorney nearly 40 years and I have yet to see a mortgage in California." Inmany states, the process can be even quicker. At 30 days, Alabama maybe the speed champ but other states with deeds of trust are not farbehind. In New Hampshire, Mississippi, Michigan and others, it takes aslittle as 60 days. All these states use deeds of trust. Most Ruthless Foreclosure States