HB 1149 | Florida Lawmaker Greg Steube (R-Sarasota) Introduces New Foreclosure Bill

HB 1149 – Mortgage Foreclosures

This just in. Haven’t read it yet.

HB 1149 Florida 2012 introduced by Florida Rep. Greg Steube (R-Sarasota)

General Bill by Steube
Mortgage Foreclosures: Reduces limitations period for commencing action to enforce claim of deficiency judgment pursuant to foreclosure action; provides that entry of deficiency judgment must be commenced within specified period after date of court foreclosure sale or short sale; bars attempts to collect deficiency judgment if not commenced within such period; limits amount of deficiency judgment in foreclosure action; authorizes reduction of amount of deficiency judgment by insurance setoff; authorizes lienholders & condominium or homeowners’ associations to request order to show cause for entry of final judgment of foreclosure; provides requirements & procedures with respect to order directed to defendants to show cause why final judgment of foreclosure should not be entered; provides that failures by defendant to make certain filings or to make certain appearances may have specified legal consequences; requires court to enter final judgment of foreclosure & order foreclosure sale; establishes expedited foreclosure proceedings for abandoned residential real property & procedures & requirements with respect thereto; provides procedures & requirements for actions to foreclose on mortgages on actual or potential homestead property.
Effective Date: July 1, 2012
Last Event: Filed on Tuesday, December 27, 2011 2:24 PM




HB 1149 Florida 2012 introduced by Florida Rep. Greg Steube (R-Sarasota)

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