The end is almost here… foreclosure delays are nearing their end; and it’s going to be 'frightening’

Six months after the nation's largest banks discovered errors in their foreclosure practices, the foreclosure process continues to lag.

The Law Offices of David J. Stern, once the state's largest foreclosure-processing firm, has decided to end its home-repossession business, abandoning 100,000 cases in court. Then, in a move that could be the preface to a return to normalcy, the Law Offices of Marshall C. Watson reached a $2 million settlement with the Florida Attorney General's Office last month, ending a six-month probe into allegations of shoddy foreclosure work.

The end is almost here…

Despite the warnings I have posted I still believe that homeowners think they have something to gain by dilly dallying, but they are only delaying the inevitable.

I can't stress enough that the foreclosure delays we are seeing across South Florida are only due to the continued fallout from the "robo signing" controversy.

It is the increased scrutiny of robo-signing and the probe into allegations of shoddy foreclosure work and other investigations of bank practices that have been forcing loan servicers to ease their foreclosure filings during the first quarter to their lowest level in two years.

Florida foreclosure activity may have decreased 47 percent from the previous quarter and may have slowed down 62 percent from the first quarter of 2010, but the state still posted the nation's eighth highest foreclosure rate.

Homeowners must realize that these lows are artificial and only a result of a self-imposed slowdown by banks and those foreclosure filings are and will continue to pick up as loan servicers put the robo-signing controversy behind them.

Begin protecting your family today; Call the Carman Law Firm   at 1-800-763-0775or email us at   info@carmanlegal.com, get answers you need and schedule an informative and free comprehensive consultation on how the Carman Law Firm can help you.