Florida Foreclosure Process Moving Out of the Courts If Governor Scott's Plan Okayed by Florida Legislature: Misses the Bigger Problem

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Right now, the State of Florida is one of many states requiring lenders seeking to foreclose on a property for nonpayment of a mortgage note to do so via a formal legal process. A lawsuit must be filed. An official order signed by a judge must be obtained, approving of the foreclosure itself.

This is the way that things have been done in Florida for many years. Now, Governor Rick Scott and several key members of the Florida Legislature want that to change. And, it looks like their campaign may succeed - meaning that in the near future, Florida will be a non-judicial foreclosure state.

Please see full article below for more information.

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Published In: Civil Remedies Updates, General Business Updates, Elections & Politics Updates, Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Rosa Eckstein Schechter, Eckstein Schechter Law | Attorney Advertising

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