• Speeding Up the Foreclosure Process Using Florida Statutes Section 702.10
  • August 27, 2010
  • Law Firm: Berger Singerman - Fort Lauderdale Office
  • The Florida Supreme Court has reported an increase in new real estate and mortgage foreclosure filings of in excess of 170,000 cases during the past fiscal year. During the past three budget years, fiscal cuts have resulted in the loss of more than 290 positions within the judicial branch. Lenders are now painfully aware that the adjudication of foreclosure proceedings has slowed drastically as a result of the increase in filings coupled with the loss of judicial resources. However, an under-utilized procedure exists that may, in some cases, expedite the foreclosure process. Florida Statutes Section 702.10, sometimes nicknamed the summary foreclosure statute, allows a mortgagee to utilize an order to show cause to potentially secure a foreclosure judgment or other relief within 60 days after the order is issued.