Tuesday, May 7, 2013

Update On Florida Foreclosure Law

Regular followers of this blog may recall the announcement that a bill was wending its way through the Florida legislature to force lenders to prove they have the appropriate loan documents allowing them to foreclose before they commence the process of foreclosing on someone's home. Well, the bill has cleared both houses of the legislature and is now on the desk of Gov. Rick Scott for signature. No info is available on whether the governor plans to sign or not, but it did pass with healthy bipartisan margins in both houses: 26-13 in the Senate and 87-26 in the House, so it is reasonable to expect enactment.

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