This NPR story this morning takes a look at Florida's judicial foreclosure process, comparing it unfavorably with other states where foreclosures move faster. A banker blames the courts and defense attorneys; a judge blames the banks sloppy paperwork; a defense attorney chimes in for consumer protection. Worth a listen (or read), though the thrust of the story seemed to be that the process is too slow, with little discussion of the importance of safeguards, and no comments from struggling homeowners.
That’s very interesting. It sure seems like foreclosures are happening a lot these days. My mom actually lost her house to foreclosure recently.