Foreclosure Defense Florida

RED ALERT! RED ALERT!- THE NON JUDICIAL FORECLOSURE BILL IS ALIVE AND KICKING!

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.

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