The Florida BAR News reports that 291,309 foreclosure cases are currently pending statewide as of September 30, 2009. Nearly 300,000 people facing the very real possibility of losing their home. As of today, November 11, in the MLS covering the Central Florida area, 16,105 homes are listed as being subject to short sale which are potential future foreclosures.
The Florida BAR News article addresses the need in the minds of some for a mediation program that would allow home owners and the lenders potentially to avoid foreclosure or assist in speeding up the process.
According to the report 95% of Floridians facing foreclosure do not have an attorney.
Related blog posts on foreclosures
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