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December 21st, 2011 8:33 AM
According to the latest market report from RealtyTrac, 24,739 Florida properties received a foreclosure filing during the month of November, the nation’s second highest total.



At 22.8 percent, Lender Processing Services (LPS) says Florida has the highest ratio on non-current mortgage loans in the nation – including both foreclosures and delinquencies.



On average, it takes about two years to foreclose on a home in Florida. The Office of State Courts Administrator, Research and Data reports that as of June 30, 2011, there were 180,180 inactive foreclosure cases and 196,212 active foreclosure cases pending in circuit courts in Florida.



Justice Canady’s order states that cases already referred to or pending mediation as of December 19, 2011 will run their course through the program, but no additional cases will be accepted.


Posted by Myke Triebold on December 21st, 2011 8:33 AMPost a Comment (0)

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