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Zombie Foreclosures and the Crucial Role of Judges Clouded property titles invite neighborhood blight. Simple steps by the courts can produce huge results.
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begin disposing of the mortgage foreclosure backlog: judicial leaders sought spending authority to use $9.6 million from the trust fund to hire senior judges and magistrates for this purpose; legislators granted the courts a one-time infusion of $6 million-and distributed the additional $3.6 million to the clerks.
While housing has not been a major factor in past presidential elections, it appears that more and more presidential candidates are addressing the rising cost of owning or renting a home.
The courts also play a crucial role. Improved judicial supervision of mortgage-foreclosure cases can prevent zombies, lessen blight and strengthen neighborhoods. Judges can take simple steps to net huge neighborhood-improving results by exercising the court’s power to control court dockets and manage cases.
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How Judges Can Help Prevent Zombie Foreclosures. While there are laws in some states that shorten the foreclosure process for an abandoned property, improved judicial supervision is also needed to oversee mortgage-foreclosure cases and prevent zombies. In the interest of advancing cases, a judge could, for example,
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