The current system in most states includes some version of the rocket docket. Even without that the bias is clearly there, but with the "expediting" of claims due process is clearly the loser as the banks get richer on the misery of homeowners who legally have every right to win their cases. The current thinking amongst court.
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The following article was written for HousingWire by Kerri Ann Panchuk on June 18, 2013, and is being republished in the South Florida Law Blog with comments from real estate and foreclosure defense attorney Roy Oppenheim . When Florida’s Governor rick scott signed house bill 87 – the so-called foreclosure rocket Docket bill – he had no idea he was [.]
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Deed in lieu of foreclosure (also known as a Bargain and Sale Deed) and short sale are both alternatives to foreclosure.They are very similar, and their differences depend on the details of the situation. They are attractive solutions because they do not hurt the borrower’s credit as much as foreclosure would.
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Foreclosure Rocket Dockets in FL are NOT the Answer – What Can Be Done and What Has Been Done RE: A State Wide Moratorium on Foreclosures Posted by 4closureFraud on July 3, 2010 9 Comments As I sit here on this 4th of July weekend to write this article and reflect on what is happening in this once great nation, it saddens me that it has.
Another notable "rocket docket" court involved Lee County, Florida , home of numerous foreclosure proceedings due to the collapse of the Florida housing market as a result of the financial crisis of 2007-2008. On some days, the court heard up to 1,000 cases per day; assuming an 8-hour day, this equates to less than 30 seconds per case.
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Why Are Rocket Dockets No Longer Used In Foreclosure Cases? A rocket docket is a court or tribunal noted for its speedy disposition of a particular type of court case. They were originally created to unclog the court system due to the many foreclosure cases arising after the economic downturn.