Articles in the Foreclosure news Category
Foreclosure news »
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In 2011 the number of foreclosures slowed. Now the banks are increasing their foreclosure activity. The number of south Florida homes in some stage of foreclosure is up 53% from 12 months ago, to 3,563 homes in February. Now, one out of every 264 homes in Florida is in some stage of foreclosure.
For all of Florida, the increase in foreclosures is slightly less, at 40%.
So what is the forecast …
Foreclosure news »
Florida lawmakers want to make it easier for banks to foreclose on abandoned properties as well as make lenders complete foreclosures faster.
Florida is one of the worst hit states with 360,000 foreclosure cases still winding through the courts. The average foreclosure takes about two years to process in Florida with many cases taking three or even four years.
The bill’s sponsor in the Florida House of Representatives, Kathleen C. Passidomo, stated, “We have a lot of property that needs to get back in the stream of commerce and borrowers who need …
