According to CBS News, “For homeowners who haven’t paid their mortgage in Lee County Florida, the end of the line is a courtroom where a judge whips through more than 400 cases in a single morning, reports CBS News correspondent Kelly Cobiella. They call it the “rocket docket.”
The article goes on to show how the typical case in the Lee County court lasts a whopping 18 seconds; it is definitely worth checking out!
That said, if judges are overwhelmed now, lets just think about what is going to happen as a result of the $75 $275 Billion Obama Housing Bailout.
Am I alone in thinking that perhaps the real bailout is for lawyers and judges to handle all the upcoming foreclosure cases that result from this plan?
This Article is Copyright © 2004-2008 BiggerPockets, Inc. All Rights Reserved.Foreclosure Glut Clogging Courtrooms; Will Obama Make it Better or Worse?
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