The (un)Fair Foreclosure Act | CBS 12 – State Lawmakers Push to Cut Courts from the Foreclosure Process (VIDEO)
State lawmakers push to cut courts from the foreclosure process
PALM BEACH COUNTY, Fla. — Many Floridians facing foreclosure get to stay in their homes for a couple of years before losing their houses. But that could change.
A plan to take the foreclosure process out of the courts is gaining support with Florida lawmakers. A similar proposal introduced last year was defeated after an uproar from homeowners. But it’s expected to be filed again.
Bankers say it’s a more efficient way to manage foreclosure cases and get thousands of properties back on the market to help pull Florida out of it’s housing rut.
But Foreclosure defense attorney Dustin Zacks disagrees.
“If we speed up the process and eliminate judicial oversight there’s gonna be more problems there will be more houses back in the market which will further depress the market.,” said Zacks.
Right now Florida is one of only 20 states to handle the foreclosure process through the courts. Opponents say it’s not perfect, but it’s better than denying homeowners due process.