Rental Property Investor · Little Rock, AR · Member since 2016 · 157 posts · 143 votes
The U.S. Supreme Court has agreed to hear an appeal from the Tenth Circuit Court of Appeals to resolve a conflict between the Circuits about whether the Fair Debt Collection Practices Act applies to non-judicial foreclosures. The 9th & 10th Circuits have held that the FDCPA does not apply to non-judicial foreclosures, but the 4th, 5th, & 6th Circuits have reached different conclusions. This is a pretty big deal for those of us who play in this field. The overwhelming majority of foreclosures in my area are non-judicial foreclosures, and I suspect that probably holds true in the majority of states that allow them.
The U.S. Supreme Court has agreed to hear an appeal from the Tenth Circuit Court of Appeals to resolve a conflict between the Circuits about whether the Fair Debt Collection Practices Act applies to non-judicial foreclosures. The 9th & 10th Circuits have held that the FDCPA does not apply to non-judicial foreclosures, but the 4th, 5th, & 6th Circuits have reached different conclusions. This is a pretty big deal for those of us who play in this field. The overwhelming majority of foreclosures in my area are non-judicial foreclosures, and I suspect that probably holds true in the majority of states that allow them.