Foreclosures Are Slowing Down!

Foreclosure trends put state courts in a budget pinch…

TALLAHASSEE, Fla. – March 29, 2012 – Florida’s foreclosure crisis has affected more than homeowners, real estate agents and banks. It has put the courts in a bind, and this year forced state legislators to reverse the way the third branch of government is funded, just three years after having changed it in 2009.

Foreclosure filings in Florida dropped from a high of 399,869 in 2009 to 243,971 in 2010 and 138,992 in 2011. That 65 percent drop over two years forced the courts to seek an emergency $19 million in 2010 and nearly $100 million in 2011.

Copyright © 2012 The Palm Beach Post (West Palm Beach, Fla.), Dara Kam. Staff writer Kimberly Miller contributed to this story. Distributed by MCT Information Services.  For the full article, Talk To Ted!

(Please excuse the color and formatting.  Blogspot has changed its editor and I need to learn how to use it.)