Florida Home Loans News

Florida Lawmakers Aim to Speed Up Foreclosures

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.

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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In February, with a resounding "no," he derailed the high-speed rail line that would’ve linked Tampa to Orlando. On Monday, he again sought to stop a runaway train he dubbed the "OxyContin Express.".

 · Other Florida lawmakers have filed similar bills for several years, but they all stalled.. 10,100-acre reservoir that will be able to store up to 78.2 billion gallons of excess Lake Okeechobee.

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 · A push to speed up foreclosures moved forward in the Senate Monday on a party-line vote, indicating the issue could be gaining momentum after years of inaction. Nearly a dozen activists spoke against the legislation as a curb on their legal rights that could fast track fraudulent foreclosures.

She will ask for another $4 million from lawmakers this year and is hoping to get $5 million from the state’s portion of the National Mortgage Settlement. Florida lawmakers first gave the courts $6 million in 2010 to whittle the foreclosure backlog, but no money was provided again until this year.

Real Estate Contracts and Municipal Lien Searches Performing a municipal lien search is crucial when purchasing property in this day and age. In many cases there are unknown or undisclosed fees, costs or other issues that will impact a buyer post-closing. In addition a municipal lien search generally will assist a seller in complying with contractual terms to avoid a default.

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