Florida governor signs bill to speed up state’s foreclosure process

Florida is a “judicial foreclosure state.. Under our laws, a bank must obtain a judgment signed by a judge in order. Also, from a practical stand point, you need to act fast because your lawyer, if you hire an appellate foreclosure lawyer, will. Florida Governor Signs Foreclosure Reform Bill HB 87 Into Law:.

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Florida’s governor signed a much-discussed foreclosure bill Friday, enacting a series of provisions aimed at speeding up the default process in the state. While the legislation is considered a response to Florida’s untimely foreclosure timelines, it’s a big shift that has attracted a great deal of attention.

ALBANY-Gov. Andrew Cuomo signed into law the "zombie property" bill on June 23rd. The legislation, which passed the State Legislature, is geared to combating the blight of vacant and abandoned properties throughout the state providing further assistance to those in danger of losing their homes, and in some cases expediting the foreclosure process.

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"It was a great process," the 54-year-old bank systems analyst said. PACE programs got their start in 2008 when Gov. Florida and Missouri have active residential PACE programs, while 19 other.

The bill, HB 87, offers a slew of changes to the civil procedures governing foreclosures in Florida, where home repossessions are on the rise again. Most of the provisions are aimed at speeding up and cleaning up the foreclosure process, which takes more than 600 days to run its course in Florida.

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But nearly a year after the settlement was announced, foreclosures continue to slog slowly through the court system in Florida. Passidomo’s bill aims to speed things up.

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