Foreclosure tends to be the quickest in states that:

Foreclosure is generally quicker in states that utilize a power of sale mechanism. This process allows lenders to initiate foreclosure without going through lengthy court proceedings. A power of sale clause is typically included in the mortgage or deed of trust, enabling the lender to sell the property at a public auction if the borrower defaults. This method is often favored due to its efficiency, reducing the time it takes to resolve foreclosure disputes compared to states that require a judicial foreclosure process, where court involvement can slow down the process significantly.

In contrast, states that have judicial foreclosure processes require court approval before any foreclosure can take place, which adds time to the entire process. Similarly, states that allow for redemption periods, where borrowers can reclaim their property after foreclosure under certain conditions, can also extend the timeline for completing the foreclosure. Thus, the attributes of a non-judicial foreclosure with a power of sale are what make this approach notably faster, leading to more rapid resolution of foreclosure cases.