Key findings from our investigation into Florida's foreclosure courts

Key findings:

  • Florida has set up a parallel legal system to tackle backlog of foreclosure cases with brutal efficiency.
  • Florida Supreme Court's goal is to close 256,000 foreclosure cases a year — that breaks down to 700 cases each day, if judges work weekends & vacation days.
  • In Florida’s parallel foreclosure courts, banks can ignore a defense motion for 60 days and it disappears.
  • Unlike Florida's elected judges, foreclosure judges are effectively temps who don't have to face voters.
  • Mortgage giant Freddie Mac pays loan servicers who expedite foreclosures, and charges a daily fee for delayed cases.