Last year the Florida Legislature made a late session move to remove foreclosure cases from the supervision of judges. THAT DANGEROUS LEGISLATION IS BACK!
While the bill as drafted applies on to commercial properties, this is a dangerous step toward turning the whole state into a non judicial foreclosure state.
Noone is safe while the legislature is in session.
|(1) This chapter may be cited as the “Nonjudicial|
|39||Foreclosure of Commercial Real Property Act.”|
|40||(2) In lieu of any other foreclosure remedy that may be|
|41||available under the laws of this state within the judicial|
|42||system, this chapter may, at the option of the foreclosing|
|43||creditor, be used to effect a foreclosure of a security|
|44||instrument in commercial real property. However, if the|
|45||foreclosing creditor does not elect to use this chapter to|
|46||effect a foreclosure, this chapter does not modify any other|
|47||foreclosure remedy available to the foreclosing creditor under|
|48||the laws of this state.|