Courts in the state of Florida recently received a $4 million stipend to deal with a backlog of foreclosures, but they have yet to see a significant dent in their caseloads, according to a new report from Kimberly Miller, a Palm Beach Post staff writer.
On Oct. 31, the state had 377,272 pending foreclosures in 20 circuit courts. That means only 435 cases have been reduced from the total backlog amount since July.
"While the $4 million has helped courts statewide close 69,513 cases in four months, 69,078 new cases were added during the same time period," Kimberly Miller wrote.
The numbers are disappointing for the state since the multi-million dollar stipend was implemented specifically to reduce the courts' backlogs.
Click here to read the full article in the Palm Beach Post.
An updated report on foreclosure backlogs in Florida also is available.