There are so many foreclosures in the legal system that it cannot handle them, reported the Task Force on Residential Mortgage Foreclosure Cases. It was appointed by the Florida Supreme Court, and issued its first report recently.
How bad is it?
- Florida has the worst foreclosure inventory in the nation. Of 3.5 million loans serviced in Florida, 374,134 are in foreclosure. Another 378,031 are delinquent.
Read more from JacksonVille.com
