Faster Foreclosures Bill Zooms Toward House Floor

FASTER FORECLOSURES BILL ZOOMS TOWARD HOUSE FLOOR
A bill to speed up Florida’s groggy foreclosure process is headed to the House floor after a largely partyline vote in the House budget committee.
HB 87 creates new options for expedited foreclosures and tightens up filing standards for banks.
Opponents claimed it would harm homeowners and favor banks.
“The bill appears to diminish the rights of homeowners and consumers, while attempting to streamline the process,” said Rep. Cynthia Stafford, D-Miami. “I don’t see how this bill protects homeowners who have been victims of fraud and other unscrupulous activities.”
Bill sponsor Rep. Kathleen Passidomo, R-Naples, said the bill was a consumer-friendly attempt to clean up the foreclosure process, which has been plagued by fraud.
“The Florida Legislature…does not support fraud,” she said. “This bill is so fair, it’s so consumer friendly.”
It was Passidomo’s third attempt in three years to address the foreclosure issue, with previous attempts failing after heavy protests. A Senate companion bill is moving through the committee process.

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