Posts Tagged Florida Bankers Association

New Florida Foreclosure Bill gets mixed reaction

This past month, state law makers attempted to speed up the foreclosure process. The proposed bill, HB 87, calls for changes that affect both the homeowners and the lenders. The first measure that was passed tries to speed up the process. Currently, the foreclosure process takes an average of 853 days. But if filed correctly, foreclosures could not take as little as 45 days, giving homeowners little time to hire an attorney to adequately defend themselves.This past month, state law makers attempted to speed up the foreclosure process. The proposed bill, HB 87, calls for changes that affect both the homeowners and the lenders. The first measure that was passed tries to speed up the process. Currently, the foreclosure process takes an average of 853 days. But if filed correctly, foreclosures could not take as little as 45 days, giving homeowners little time to hire an attorney to adequately defend themselves.

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