Florida Foreclosure: House unveils foreclosure package in Tallahassee


florida

Florida Foreclosure: A state House panel approved a measure backers say will allow mortgage holders and consumers to more quickly resolve their issues and get on with their lives, but got an earful of complaints from consumer advocates and homeowners.

BY MICHAEL PELTIER
NEWS SERVICE OF FLORIDA

TALLAHASSEE – Hoping to speed up the rate of Florida foreclosures, a House panel on Thursday approved a measure backers say will allow mortgage holders and consumers to more quickly resolve their issues and get on with their lives.

But the panel got an earful from consumer advocates and homeowners, who contend that they are being asked to do too much to reduce the number of foreclosed homes in Florida, which leads the nation in the percentage of homes facing some type of foreclosure proceeding.

Sponsored by Rep. Kathleen Passidomo, R-Naples, the bill (HB 87) makes changes aimed at shortening the time period involved in a foreclosure proceeding and relaxing restrictions on who can request an expedited procedure and the standards for what can be filed.

Passidomo said the bill is an attempt to remedy a problem that extends far beyond the state and on which the state has limited authority.

“The relationship between the borrower and the lenders …begins way before it reaches a foreclosure proceeding and is something the state does not regulate,” Passidomo told members of the committee.

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