justice

Judges blame banks for foreclosure slowdowns, but some see good in delay

Half a decade since the housing bust, many foreclosures are showing their age. A quarter of cases now in Hillsborough court are at least 3 years old.

So who’s keeping Florida’s more than 350,000 pending foreclosures in court? Judges largely blame the banks. State court data show banks regularly delay cases so long that judges drop them for lack of action.

That’s right: The same industry facing billions of dollars in punishment for hastily whizzing foreclosures through court a few years ago now isn’t moving fast enough, court leaders say.

“Foreclosures should be one of the simplest forms of civil litigation … but the lenders are sometimes their own worst enemies,” said Thomas McGrady, chief judge of the Sixth Judicial Circuit over Pinellas and Pasco counties.

“For whatever reason — a business decision, moratorium issues or they’re just overloaded — they don’t seem willing to push the cases they’ve filed,” he said.

Rest here…

~

4closureFraud.org