HB 87: House Committee Approves Mortgage Foreclosure Bill

TALLAHASSEE, Fla. (AP) — A bill to speed up Florida’s residential mortgage foreclosure process is headed to the state House floor.

The measure (HB 87) won approval from the House Judiciary Committee on a 12-6 vote Thursday in its last committee stop before a looming vote in the full House.

Rep. Kathleen Passidomo, R-Naples, says her bill is aimed at unclogging the foreclosure process in a state that’s been swamped by foreclosures.

Passidomo says the bill offers guarantees to make sure that borrowers with a “meritorious defense” will be heard in court.