Florida’s foreclosure gridlock got a kick start this spring with scheduled auctions in June doubling to more than 9,000 from last year as cases are hastened through the legal system.
The increase, as measured by a RealtyTrac report to be released today, is a signal of the court’s determination to clear aging and undefended cases and means more inventory will soon be available to the home-hungry real estate market. Auctions are typically scheduled when the final foreclosure judgment is made.
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Top five metro areas nationwide for foreclosure activity in June
South Florida (Palm Beach, Broward and Miami-Dade counties)
Top five states for foreclosure activity in June