Foreclosed homes are devastating not only homeowners and lenders, but also civil court judges who have to review the foreclosure cases before lenders can take further action.
Before the foreclosure process would be completed, there will be several stages that distressed homeowners would go through which would give them a chance to save their properties from turning into repo homes.
Florida foreclosures rate is one of the highest in the country. In fact, the number of homes foreclosed in South Florida is expected to increase between 50 to 100 percent this year despite efforts of the U.S. government to help distressed homeowners save their properties.