Florida Foreclosure Help
Now, more than ever, Florida homeowners need to seek foreclosure help sooner than later. It was recently reported by the Palm Beach Post that the number of foreclosure auctions increased 55% from last year. The drastic upswing in auctions is a direct result of foreclosures making their way through the court system more quickly. This increase highlights the need for distressed property owners to pursue loss mitigation programs as soon as possible.
Furthermore, the Florida Legislature recently took action to help streamline the foreclosure process by passing House Bill 87 which shifts the burden onto the borrower to show why a final judgment of foreclosure should not immediately be granted when requested by a record lien holder. Additionally, the Florida Supreme Court recently approved magistrates to hear foreclosure cases. This is just one more step taken by the Supreme Court to ease the foreclosure backlog by allowing non-judges to hear foreclosure cases. Look out because the foreclosure process is revering to the Wild West days of rocket dockets and robo-signing.
Accordingly, it is imperative that Florida homeowners take action immediately to protect their homes and mitigate their losses. Loss mitigation options include foreclosure defense, short sales, deed in lieu of foreclosure, loan modifications and refinances. Contact us today to discuss the best option for you.