Pace of foreclosures in Florida to increase – Florida –

Article from the Miami Herald discussing various factors that could speed up the pace of foreclosures in Florida, including the end of mandatory residential foreclosure mediation, the $26 billion dollar settlement with banks, bank’s increase in filings to work through the backlog created by the robo-signing investigation, and House Bill 213. The article also mentions the firing by the Florida Attorney General, Pam Bondi, of her office’s two most out spoken opponents of fraud in the banking industry.

the issue is whether speeding up the foreclosure process will help the housing market recover by resolving pending foreclosures, or further depress home values by flooding the market with homes.

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