Palm Beach Post Staff Writer
Updated: 9:41 p.m. Saturday, Sept. 24, 2011
Posted: 7:17 p.m. Saturday, Sept. 24, 2011
With hundreds of thousands of foreclosure cases clogging Florida's courts and more defaulted loans in the pipeline, Moody's economists now predict South Florida home prices won't hit bottom until late 2012 or early 2013.
But whether clearing the logjam through an expedited foreclosure process will equal a shortcut to economic recovery is still up for debate. The current timeline to foreclosure in Florida is 676 days -- nearly two years -- the third-longest wait time in the country.
