HUD homes and other foreclosure cases handled in the courts of Florida have declined in the fourth quarter. The trend is partly attributed to the moratorium.
Economists said that the pace of bank owned property listing in Florida will surge again because of the still record numbers of foreclosure cases in county courts. More than 31,300 Florida homes were repossessed in the first four months of the year.
As lists of government foreclosures for sale grow, more people apply for loan refinancing. Between October and November, Florida recorded the biggest increase in requests.
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