New data from Lender Processing Services challenges the notion that judicial foreclosure states are seeing little improvement in the movement of distressed properties.
In fact, the month of April was a bright spot with the foreclosure sales rate in judicial foreclosure states growing nearly 17% from March to April – the highest sales rate since the foreclosure moratoria hit in the fall of 2010 due to concerns over robo-signing, LPS said in its April Mortgage Monitor.
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