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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