Florida HB 213: Will the Florida Fair Foreclosure Act Become Law and Will It Do More Harm Than Good?

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Right now, the probability of the Florida Fair Foreclosure Act becoming effective state law increased as HB 213 as amended was adopted without objection late yesterday by the Florida House of Representative's Judiciary Committee. Meanwhile, its version in the Florida Senate, SB 1890, just passed the Senate Judiciary Committee by a majority vote

It's looking like the Florida Fair Foreclosure Act will be up for a full vote very soon. 

Meanwhile, a big report out of California this week is estimating that 84% of the nation's foreclosure filings are illegal due to legal improprieties of some sort - robosigning, etc. and that almost 100% of these foreclosures contain irregularities.  The basis for this statistic was an audit performed on 382 foreclosures in the San Francisco area as commissioned by the San Francisco Assessor-Recorder, Phil Ting.

Please see full article below for more information.

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Published In: Administrative Agency 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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