Saturday, January 23, 2010

Lawyers and Foreclosure Defense

Florida was hit hard by foreclosures in 2009, and a predicted increase in foreclosures in 2010 has prompted many attorneys to add foreclosure defense to their practices, according to Sarasota, Florida-based AmStar Litigation Support, a provider of continuing education and legal process outsourcing (LPO). In 2009, the Sunshine State had the second-highest number of foreclosure filings in the country, according to market researcher RealtyTrac, and it doesn’t appear that this trend will fade in 2010. Analysts believe unemployment and adjustable rate mortgages scheduled to recast this year will push a massive supply of delinquent loans into the foreclosure process. An increasing number of Florida homeowners face the prospect of losing their homes, and as a result, AmStar says the expertise of attorneys skilled in foreclosure defense remains in high demand.

No comments: