Florida homeowners have been hit particularly hard by the foreclosure crisis. Adding insult to injury in the eyes of some is a new bill some Floridian legislators are seeking to introduce that might allow for non-judicial foreclosures. Critics fear the law will help banks and hurt homeowners, but those sponsoring the bill argue that homeowners benefit from the law.
Most Florida residents already understand that the state is in the midst of a foreclosure crisis. What they may not understand is just how bad the situation really is state-wide. A report put out by LPS Applied Analytics suggests that the mortgage foreclosure situation may be far worse than many people imagined.