The Zombie Files: Nearly 7,000 stagnating foreclosure cases lie dormant in Palm Beach County's courts

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The Zombie Files: Nearly 7,000 stagnating foreclosure cases lie dormant in Palm Beach County’s courts

The Zombie Files: Nearly 7,000 stagnating foreclosure cases lie dormant in Palm Beach County’s courts

What a broken system. If the rule of law was followed and held those accountable, none of this would have happened.

But remember Florida was ranked the #1 Most Fraudulent State In America: 24/7 Wall St.

Palm Beach Post-

Nearly 7,000 stagnating foreclosure cases lie dormant in Palm Beach County’s courts, creating a payment-free limbo for some homeowners but a stain of vacant and abandoned homes in deteriorating neighborhoods.

These sleeper files, which have remained inactive for a year or longer, date as far back as 1997, according to documents provided to The Palm Beach Post by the clerk of courts.

But most are from the early years of the housing crash when lenders feverishly sought to repossess homes, unaware that the frenetic pace would cause a second crisis based on faulty documents and unlawful corner-cutting.

While an unknown number of dormant files are mistakes, such as one party forgetting to request a dismissal after an agreement is reached, others remain open but unmoving because of homeowner bankruptcy, loan modification negotiations or bank neglect.

[PALM BEACH POST]

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