The effects of the residential mortgage foreclosure crisis run wide and run deep. There are the obvious economic ramifications that are rocking this country’s financial world. Our state economies are affected and indeed our local economies are affected. Court systems are clogged. Local government code enforcement boards are swamped with code violations that cannot be corrected because the home or property in question is vacant with no apparent owner.
Florida’s Supreme Court is hoping to tackle the problem head on and to that end has directed that a task force be developed to identify and begin to rectify the problems using alternative dispute resolution options.
It is believed that our national economy will soon begin to recover. Hopefully the Florida Supreme Court Task Force on Residential Mortgage Foreclosure Cases
will help to craft a recovery plan for our state and local governments.
- Sandra C. Upchurch