Foreclosures up in states where court approval is required

In Florida, one of the states hardest hit by foreclosures, scheduled foreclosure auctions were up 55 percent in April versus a year ago. In New Jersey, they increased 91 percent.

May 20, 2013

Two states where courts approve foreclosures are Florida and New Jersey. In Florida, one of the states hardest hit by foreclosures, scheduled foreclosure auctions were up 55 percent in April versus a year ago. In New Jersey, they increased 91 percent. In both states, foreclosures slowed dramatically several years ago after allegations surfaced that many cases were moving through the courts without proper documentation. Since then, many states have imposed new rules and oversight that slowed the process. Now, "things are moving quickly again," says Florida foreclosure defense attorney Roy Oppenheim.

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