This type of property foreclosure is commonly referred to as "statutory" or "non-judicial" foreclosure.

这种财产赎是普遍被称为“法定”或“非司法”赎。

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That comes at a cost, Aequitas notes as would requiring every mortgage to allow only judicial foreclosure.

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Not surprisingly many of tehse states use judicial foreclosure, meaning the foreclosure process must circulate through the court system.

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Judicial foreclosure states have experienced prolonged foreclosure activity in response, with foreclosures in states like New York, New Jersey and Florida averaging a staggering 1, 049 days, 1, 002 days and 893 days accordingly.

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