Over the past two years, Florida’s foreclosure courts have been receiving extra funds in order to expedite cases, but this assistance is about to come to a stop.
To add judicial manpower to the bench, over $21 million was budgeted in 2013. This is set to expire as of June 31 this year.
Homeowners will get the benefit of having a single judge dedicated to their case instead of multiple judges. Lawyers anticipate varying levels of confusion as cases are transferred to different divisions.
Palm Beach County Chief Judge Jeffrey Colbath said, “The legislature gave us enough money to get to the five-yard line, but it would have been nice to get across the goal line.”
Florida has gained control of their foreclosure system’s backlog, which was once flooded. Since 2013, Florida has seen a 66% statewide reduction in foreclosures with just 109,706 pending foreclosures statewide in January.
Curiosity as to how it was done depends upon who you ask. Some believe that judges rushed through many cases with minimal consideration of their merits. Many judges differ, saying that getting the case right was more important than how quickly the case was closed.
At this time Florida foreclosure cases are yet to return to how they were before the recession, but it is a work in progress.
Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified Miami foreclosure defense attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Miami foreclosure defense attorney Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.