Posted by Ben (NJ) on March 12, 2001 at 19:45:53:
other than being next to NY! (LOL) is that our judicial foreclosure process is basically the equivalent of a quiet title action. At the end of the process, (assuming everything was done properly) the plaintiff ends up with clear, marketable title. I have been able to get title insurance within weeks of final judgment. Some states have a one year “litigation” period where you just have to wait and see if anyone challenges your action before even thinking about title insurance.