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So far, expedited foreclosure law stuck in slow lane

The number of new foreclosure filings in Florida is down for the past two months, despite a new law designed to speed up the foreclosure process, say foreclosure defense lawyers and bank lobbyists.

Official foreclosure statistics from the State Courts Administrator’s Office for July and August haven’t been released, but a report from RealtyTrac shows initial foreclosure filings dropped 28 percent in July in the year-over-year comparison.

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