Report: Pre-foreclosure filings triple in September
Orlando Business Journal
Pre-foreclosure filings in Florida went up by more than 3,000 in September, Default Research Inc. reported Tuesday.
Florida lis pendens filings, when the bank first files the paperwork on a defaulted payment - the first step in the foreclosure process -- rose from 1,541 in September 2006 to 4,872 in September 2007, according to Default Research. Of those filings, more than 13 percent were condominiums, says Serdar Bankaci, Default Research president and CEO, in a prepared statement.
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