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· Why Should the Public Care About florida foreclosure laws and Oversight? As mentioned in our previous Florida foreclosure process blog post, banks and their advocates will always argue that a faster Foreclosure process in Florida is better for the economy and will turn around the housing market faster. Even if this is true (and our previous blog post points out that banks cannot.
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Florida, New Jersey, New York have most zombie foreclosures Despite a 35 percent decrease in. “A much longer recovery, a largely veiled underemployment issue, and growing examples of faster bad.
Faster foreclosures bill clears House in 87-26 vote. A bill to speed up Florida’s groggy foreclosure system was approved by the Florida House on Monday after a 87-26 vote.
Florida. for foreclosure,” Blomquist said. Completed foreclosures increased monthly in September, however it could be a good sign as foreclosure inventory actually decreased, showing that the.
The problem cuts across social and economic lines, said Francisco Mago, owner of Xima USA, a search site for homes in foreclosure in 19 Florida counties. Isles is one area where the wealthy are.
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Lenders are repossessing foreclosed homes in South Florida at a faster clip and are on pace to take back nearly 50,000 properties this year, according to a report Tuesday. The increase, from 30,400.
With new cases being filed faster than the Florida courts could resolve them, a backlog developed topping 300,000 cases in June of 2013. Recognizing the significant number of mortgage foreclosure cases are pending in the trial courts, the Chair of the Trial Court Budget Commission (TCBC) established the Foreclosure Initiative Workgroup.
Florida Foreclosures. In Florida, foreclosures are judicial, which means the lender (the plaintiff) must file a lawsuit in state court. (To learn more about the difference between judicial and nonjudicial foreclosure, and the procedures for each, see Will Your Foreclosure Take Place In or Out of Court?)