Florida Lawmakers Aim to Speed Up Foreclosures

TALLAHASSEE, Fla. (AP) — For the second year in a row, Florida lawmakers on Wednesday debated a proposal to speed up the state’s residential mortgage foreclosure process and make it fairer to homeowners. But critics on the panel and in the audience, including former Lt. Gov. Jeff Kottkamp, raised.

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A bill to speed up Florida’s groggy foreclosure system was approved by the Florida House on Monday after a 87-26 vote. The third attempt at foreclosure reform in three years, HB 87 creates new.

Homeowners would be forced to quickly mount a defense to prevent foreclosure on their property under proposals that Florida lawmakers are considering to speed up the legal process in Florida’s still-recovering real estate market. The legislation would allow for fewer hearings and less likelihood of slowing down a final foreclosure judgment.

An attempt to speed up foreclosures in florida sparked outcry from both consumer advocates and bankers at a meeting in Tallahassee Thursday. Lawmakers passed a measure that would attempt to speed up the foreclosure process, which now takes 853 days on average, by making a number of changes to the legal procedures governing the law.

The Florida House voted overwhelmingly Monday to speed up the residential mortgage foreclosure process in a state that was swamped by a rising number of homes taken back by banks during the.

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That’s scaling back an earlier plan to go up another 15 percent, which officials now deem too. At the same time, the U has been under some pressure from lawmakers and others to raise nonresident.

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