Florida Foreclosure Auctions Hit 30-Month High, Mass Evictions to Follow

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Florida ranks second in foreclosure activity nationally with auctions ramping up

Foreclosure auctions hit a 30-month high in April nationwide and jumped 55 percent in Florida from last year as banks and courts move more quickly to repossess homes.

The pace of auctions last month was the highest it has been since lenders temporarily halted foreclosures in the fall of 2010 when instances of widespread robo-signing and fraud were discovered, according to a new report from the Irvine, Calif.-based RealtyTrac.

Foreclosure auctions are the second stage of the foreclosure process and are one of three filings measured by RealtyTrac, including the initial default notice and the final bank takeover.

RealtyTrac Vice President Daren Blomquist said lenders are more confident in moving forward with foreclosures following last year’s National Mortgage Settlement, which outlined the process they need to follow.

“They know what the ground rules are,” Blomquist said about the banks. “I think we’ve reached a point where the cloudiness surrounding the foreclosure process has been cleared up.”

Rest here…

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4closureFraud.org

Comments
2 Responses to “Florida Foreclosure Auctions Hit 30-Month High, Mass Evictions to Follow”
  1. YOU GUYS NEED A HOMEOWNERS BILL OF RIGHT LIKE IN CA, (but with the GOP in power in FL I doubt it

  2. BOBBI SWANN says:

    Bloomquist is a joke! Here’s my email to him:

    Reading the article above which was posted from Kimberly Miller of the Palm Beach
    Post, I daresay you are a little off the beaten path. In the article you commented
    ‘lenders are more confident in moving forward with foreclosures following last year’s
    National Mortgage Settlement, which outlined the process they need to follow.

    “They know what the ground rules are,” Blomquist said about the banks. “I think we have
    reached a point where the cloudiness surrounding the foreclosure process has been cleared
    up.”

    It would be so laughable if that were true, but unfortunately it is not and rather sad
    since 1) the cloudiness you refer to has not cleared up and 2) lenders are still
    maintaining the same procedures as prior to the National Mortgage Settlement. In fact,
    Eric Schneiderman, who was the so-called forefather of the agreement, is now filing
    charges against some of the lenders who are in clear violation of the agreement in
    permitting the same techniques which clearly was the founding basis for the settlement in
    the first place. At the same time, there are other AG’s who are similarly filing suits
    for the same thing in other states.

    Foreclosures ramping up again was just a lull to see just how far the courts would go to
    enforce the settlement. Lenders sat idly by, like sheep in wolf’s clothing, waiting for
    the right time to commence the slaughter. Since nothing of sustenance of real punishment
    was handed down to those who committed the fraud in the National Mortgage Settlement,
    they are now more confident than ever to continue down the same path.

    Since Realty Trac really has not been a solid provider of real and true statistics, most
    people don’t trust their figures and therefore much of what you quote does not carry much
    weight in the blogger’s field. Possible remedy: get your head out of the sand!

    If anybody else wishes to send him thoughts: daren.blomquist@realtytrac.com

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