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Foreclosure filings, defined as a default notice, auction sale notice, or bank repossession show a 4 percent decrease in July from June, and a 35 percent decrease from the same period a year ago, according to RealtyTrac's July 2011 Foreclosure Market Report. 10. Wisconsin Rate: One in every 571 households Change from June 2011: 43.34% Change from July 2010: -8.11% 9. Illinois Rate: One in every 498 households Change from June 2011: -3.51% Change from July 2010: -45.79% 8. Idaho Rate: One in every 417 households Change from June 2011: -17.49% Change from July 2010: -42.02% 7. Michigan Rate: One in (7 comments)
Fla. foreclosures could bypass court system. Gov. Scott and GOP: Want to take courts out of foreclosure process to speed it up the process and boost the economy. Supporters of this concept already used in nearly 30 states – say it will speed foreclosures, get houses back onto the market and boost the economy. Non-Supporters- say it puts property owns at the mercy of the banks. Gov. Rick Scott, House Speaker Dean Cannon and Senate President Mike Haridopolos all say they are interested in considering legislation to change Florida laws so judges won’t have to referee foreclosures.And the House Civil (3 comments)
foreclosure: How long does it take to Foreclose in Florida
- 05/20/11 02:25 PM
In Florida, one of the states hardest hit by the foreclosure crisis, the process took an average of 619 days in the first quarter of 2011, up from 470 days a in 2010. In the first quarter of 2007, it took an average of 169 days for the process to play out. So in other words it takes about 20 months to complete the process of foreclosure in Florida. A process that should only take about 6 months.Source: RealtyTrac (3 comments)