Florida Mortgage Foreclosures Remain High
Florida courts disposed of 69,513 mortgage foreclosure cases during the time period from July 1 through October 31, 2012, according to a Palm Beach Post article titled “Decline in foreclosure backlog may give false hope.”
While this may sound like good news, underwater homeowners may find two related factors troubling. First, 69,078 new foreclosures were filed in Florida courts during the same time period, for a net decline of only 432 cases. Second, over 40 percent of the mortgage dispositions were dismissals. A mortgage dismissal frequently means that one or both parties are not totally prepared to try the case at the present time, and that the case may simply be refiled at a future date.
Florida courts had 377,272 pending foreclosure cases as of October 31, 2012, according to state courts records and as reported by the Palm Beach Post. That’s a net of just 432 fewer cases than July 1 because of the 69,078 new foreclosures filed in the four-month span.
Fort Lauderdale Foreclosure Defense Attorney
Choosing the best approach to protecting yourself and your family from a mortgage foreclosure involves many legal considerations. Contact Fort Lauderdale mortgage foreclosure attorney Marcy Resnik to discuss how you can defend your legal rights in a foreclosure. You can contact Ms. Resnik online or call her at 954-321-0176.
