Rogers Towers: HB 87 – Florida’s Foreclosure Bill Becomes Law

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In two prior posts, we analyzed the main components of HB 87, the bill introduced in the Florida legislature which proposed significant changes to certain aspects of Florida’s mortgage foreclosure process. Last week, the bill was signed into law by Governor Scott. There are, of course, both proponents and opponents to this new law but one thing is certain: when combined with approval of additional spending for judicial resources, it evidences the legislature’s intent to reduce the backlog of some 350,000 foreclosure cases pending in Florida. In a future post, we will review and summarize the final version of the bill.

Topics:  Foreclosure, Proposed Legislation

Published In: General Business 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.

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