Tampa Bay homes fall through the foreclosure cracks
Banks given a second chance to go to court
According to the Tampa Bay Times, Robert Szasz, a Toronoto native, was able to slip through the foreclosure cracks when his hearing was abruptly canceled in 2011 due to a lack of prosecution. However, banks are now getting a second chance, but will they take it? The Tampa Bay Times tries to answer that question with the following:
About 40% of the Tampa Bay foreclosure cases resolved in the past year were dismissed, often for what judges call a "lack of prosecution." But the banks can reset the clock, and in May, Wells Fargo (WF) did just that, filing again to foreclose.
What the bank will do differently this time, however, remains a mystery. The attorney who court records say is representing the bank said he didn't know his name was on the case.