Are Florida Courts Dismissing Foreclosure Suits?
In recent posts, we mentioned how there are thousands of Florida foreclosure cases sitting in limbo especialy with the closing of powerhouse foreclosure firms.
Many of these cases have had zero activity for quite some time and, therefore, are subject to dismissal for "failure to prosecute." This is great news for many homeowners that are facing foreclosure suits. It should buy time to stay in their homes a little longer until the bank decides to refile a complaint, if they choose to do so.
A home is not like a vehicle in that a vehicle can be repossessed anytime there is a default by the borrower. No lawsuit is needed. However, real property cannot be "repossessed" until a competent court permits the foreclosure to occur.
Florida judges will most certainly begin dismissing cases to help free up their dockets and relieve the limited resources that are available to handle these massive caseloads.
To learn more about this article, please visit, Florida Courts May Begin Dismissing Foreclosure.
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