Rep. Kathleen Passidomo's HB 87 would speed up the foreclosure process in Florida. File photo from Florida House of Representatives.
A bill designed to speed up the foreclosure process in Florida passed through the House Civil Justice Subcommittee on Thursday on a 10-3 vote.
Rep. Kathleen Passidomo’s HB 87 allows third-party lienholders to start foreclosure proceedings and rushes the final judgment of foreclosure if a homeowner doesn’t file a legitimate defense. The measure includes consumer protection provisions, though, such as forcing banks and lenders to show proof of ownership of a mortgage before filing suit, and reducing the time for a sufficiency judgment from five years to one year.
This brief has been archived. The entire brief is available exclusively to LobbyTools subscribers.
Already a subscriber? Login, or call 850-915-0100 ext. 1 for customer support.