The Florida Senate is making moves to pass a badly conceived and poorly executed piece of foreclosure legislation…..as session winds to a close, we can all only sit on the sidelines and scream…WATCHOUT!
It’s bad law, according to the Sarasota Tribune:
The legislation’s motive may be benevolent, but the measure is ill advised. If it reaches the Senate, that chamber should reject this bill and work for real cures to what ails the housing market. Needed changes include boosting legal aid and court staff; rectifying unfair loan practices; helping “underwater” homeowners; and requiring more lender cooperation on loan modifications.
The measure approved Monday by the House, CS/CS/HB 87, is designed to accelerate foreclosures in which the homeowner has “no defense,” as supporters of the legislation put it. These suits would undergo streamlined judicial review.
But opponents warn that the expedited process could deprive homeowners of time needed to ferret out lender misdeeds and errors.
https://www.heraldtribune.com/article/20130501/OPINION/305019998/2198/OPINION?Title=Repair-foreclosure-bill
