TALLAHASSEE – Homeowners would be forced to quickly mount a defense to prevent foreclosure on their property under proposals that Florida lawmakers are considering to speed up the legal process in.
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Homeowners would be forced to quickly mount a defense to prevent foreclosure on their property under proposals that Florida lawmakers are considering to speed up the legal process in Florida’s still-recovering real estate market. The legislation would allow for fewer hearings and less likelihood of slowing down a final foreclosure judgment.
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Florida Lawmakers Aim to Speed Up Foreclosures The Florida Legislature Addresses the Foreclosure Crisis. Stat., for a lender to seek a deficiency judgment from the current five years to one year.. the Bill, is an attempt to expedite the foreclosure process and avoid a repeat.