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. |
