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In Lee County here in Florida (Ft. Myers) foreclosures have been piling up so fast (2,000 month) that the court system was 2-3 years behind. So, the Clerk of the Court came up with the idea of a "Rocket Docket". If you were not legally defending your proceedings, with all paperwork in order in just 20-30 seconds the foreclosure process is over and done! The lender now owns the property and the owner is free to move on with his life.
As a Realtor, I can tell you there are people out there who want to buy but the system is so clogged with distressed properties its nearly impossible.
Visit me at: www.CoastalFloridaRealEstate.net