Settlement, House bill could fast-track Florida foreclosures – Tampa Bay Times

Article from the Tampa Bay Times discussing the Florida Legislature’s efforts to fast track foreclosures. The bill has several options to fast track. For example if a home is confirmed to be abandoned the foreclosure process can be expedited.

However, the homeowner should be aware that Florida law already contains a provision allowing the foreclosure process to be moved to conclusion quickly. After the bank has filed a verified complaint it can ask the Court to issue an Order to Show Cause why a final judgment of foreclosure should not be entered. If proper cause is not shown by the homeowner in accordance with the rules of the court, judgement could be entered before the homeowner even has a chance to respond to the Complaint.

Please do not hesitate to give me a call if you are facing foreclosure, so we can discuss how I can help.

http://www.tampabay.com/news/business/realestate/faster-foreclosures-could-be-coming-to-florida/1215881

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s