In today’s USA Today article titled “Foreclosures take biggest dive in years in November,” Roy Oppenheim comments that in light of recent events, foreclosure judges have begun processing foreclosure cases more slowly.
Julie Schmit reports that U.S. foreclosure filings fell more last month than in the last five years after several large banks halted foreclosures amidst widespread allegations of robo-signers and improperly prepared or missing documents.
Data released by RealtyTrac today indicates that national foreclosure filings in November dropped 21 percent from the month before. According to a related story running in today’s South Florida Sun-Sentinel, foreclosure filings in Florida fell a staggering 42 percent in November. Florida remains the state with the second-highest foreclosure rate in the country.
Read this article in its entirety in the Oppenheim Law Media Room.