Florida is leading the Nation in Mortgage deliquencies.
In order to control the amount of foreclosures pouring into the state's underfunded court system, the Florida Supreme Court announced the formation of a statewide task force on Monday that will look for solutions to the docket backlog while ensuring borrowers and lenders are treated fairly.
Some circuit districts, for instance, require lenders to provide homeowners with contact numbers for nonprofit legal help when filing foreclosure. Others refuse to hear cases when representatives for the parties are not physically present in court. Still others require mediation.
Statewide, the time needed to complete a foreclosure has increased from roughly 150 days to around 300, leaving homes vacant longer and condo associations hurting from unpaid maintenance fees.