Wednesday, October 12, 2011

State may expedite Florida foreclosures

Source: Orlando Sentinel

Retirees Neil and Marilyn Strawbridge haven't made a mortgage payment so far this year, and yet Bank of America has not sent them even a foreclosure notice.

With foreclosures taking an average of 21 months to get through the court system in Florida — longer than in almost any other state — the couple could presumably continue forgoing payments and still stay for years in the three-bedroom, waterfront home with pool that they bought a quarter century ago.


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