Bill to streamline foreclosures moves one step closer to Florida law
For the first time since the real estate crash crippled Florida’s economy and battered struggling homeowners, a bill to hasten foreclosures through the courts is headed to the full House and Senate.
A narrow 6-4 vote Monday in a specially scheduled meeting of the Senate Banking and Insurance Committee was the final hurdle for the proposal (SB 1890) to be heard by both chambers. The plan aims to reduce the amount of time a bank can pursue a homeowner for unpaid mortgage debt, while speeding foreclosures on abandoned homes and in cases where homeowners have no legitimate defenses.
Bill opponents fear borrowers will get caught up in a quickie foreclosure wheel without time to question bank documents, and argue that not only are portions of the plan unconstitutional, but that the overall proposal is unnecessary.
“Most of this bill is just totally useless,” said Sarasota-based attorney Henry Trawick, an expert on Florida’s judicial rules and author of Trawick’s Florida Practice and Procedure. “The courts already have the ability to do virtually everything they want to do here.”
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