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Florida Lawmakers Aim to Speed Up Foreclosures

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TALLAHASSEE, Fla. (AP) — The Florida House voted overwhelmingly Monday to speed up the residential mortgage foreclosure process in a state that was swamped by a rising number of homes taken back by banks during the housing crisis. rep. kathleen passidomo, R-Naples, said her bill preserves due.

Last week, state lawmakers reached an agreement regarding how to spend the initial $60 million of the $334 million Florida received in the $26 billion mortgage settlement with the nation’s five.

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Poll: Should Florida Lawmakers Speed Up The Foreclosure Process? Posted by 4closureFraud on February 15, 2013 9 Comments . Poll: Speed up foreclosures. Should state lawmakers speed up the foreclosure process? Submit your (no).

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Florida lawmakers keep trying to speed up foreclosures with a measure that has been debated and modified for four consecutive legislative sessions. The legislative track is taking nearly as long as a foreclosure. Florida is one of the hardest hit states by the national foreclosure crisis that peaked after the real estate collapse of 2008.

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Florida lawmakers are expected to file and discuss a proposed legislative bill intended to streamline the state’s foreclosure process. According to news reports, Representative Kathleen Passidomo of Naples is already passing around the draft version of a bill among other lawmakers in the Sunshine State.

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