How the Failure of Serving Lawsuits May Impact Florida’s Foreclosure Crisis
Home foreclosures have risen exponentially throughout the United States. Subprime lending, large portions of adjustable rate mortgages resetting in the last few years, and an economic slowdown are just a few of the reasons home foreclosures have reached a torrid pace across the United States. The State of Florida has not been exempt from the rash of foreclosures, with the second highest number of foreclosures in the United States occurring in Florida. With the substantial increase in home foreclosures, mortgage lenders, in a haste to foreclose, are making more and more mistakes in prosecuting foreclosure actions. One of the most significant mistakes lenders are making
March 10, 2012