New RealtyTrac national foreclosure data shows that new foreclosure filings for the month of November were the lowest they have been in over two years. New foreclosure filings dropped 21 percent from October and are down 14 percent from November 2009. There were 262,339 total foreclosures filed nationwide, the first time since 2009 that filings have dipped below 300,000 for a one month period.
One of the major factors contributing to the precipitous drop is the fallout from the "robo-signing" controversy which caused many lenders and servicers to suspend foreclosure filings while looking into those allegations, according to foreclosure experts. For the 47th straight month Nevada lead the nation in foreclosure filings, followed by Utah, Arizona, Florida, California and Michigan.
Even though this trend may be temporary as bank re-start many of the suspended foreclosure filings, it is still good news for thousands of Florida homeowners. If you are facing a Florida Foreclosure Lawsuit, contact Jacksonville Foreclosure Defense Lawyer today to discover what defenses may be available to save your home.
