Foreclosure Boomerang in Florida

The backload of foreclosure cases in Florida has been reduced in 2011 by some 40% because of efforts by the court and cases being dismissed or dropped by lenders.

However, statistics show that many of the cases that have been dismissed will be working their way back through the court system.Foreclosure Bommerang Florida Attorney

Nearly a quarter of Florida properties with mortgages are either in foreclosure or behind in payments.

As a result, at the end of June 30, 2011, there were some 260,015 foreclosure cases pending that were joined by another 117,000 new cases according to the Florida Bar News September 15, 2011 edition.

The Florida legislation has designated appropriate extra funds to help the sky rocketing backlog. We at Sunshine State Bankruptcy expect to see an increase in the number of foreclosures in January 2012. Need help with your financial situation, or facing foreclosure, and cannot pay your bills? We may be able to help you with your situation.

Bankruptcy is not a bad term, but a way for good people like yourself, to regain control of your financial situation. Give us a call today.

Leave a Reply