Florida is the Foreclosure State

Of all US metropolitan areas with a population of 200,000 people or more, nine of the top ten foreclosure metro areas are in Florida. That’s why it’s so important to us at Yardley Law that you receive the best Orlando foreclosure defense possible.

The Orlando-Kissimmee metro area ranks number eight in the nation for foreclosure saturation. Part of the reason for Florida’s slow foreclosure recovery is the judicial process. When Governor Rick Scott signed House Bill 87, he expedited the foreclosure process, relieving the backlog of foreclosures held up in the judicial process. It was a victory for mortgage lenders and a troublesome move for homeowners. HB 87 reduced the time frame in which a lender can file a deficiency judgment from five years to one year.

This means homeowners have less time to work out alternatives with their lender. Yardley Law can help you fight foreclosure or work out alternative plans to stay in your home. Contact us today!

 

Share