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Controversial Foreclosure Law

    Home Florida Law Controversial Foreclosure Law
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    Controversial Foreclosure Law

    By joncoats | Florida Law, Foreclosure Law, Mortgages, Real Estate Law, Short Sale, Uncategorized | Comments are Closed | 14 June, 2013 | 0

    WJHG |

    foreclosure-bill-photo

    “A fast-track foreclosure will shorten the length a homeowner has to fight a bank. Governor Scott signed the Republican-driven bill and it is now the law in Florida.

    “It’s going to make sure we have a timely foreclosure process. So our families make sure they can keep their homes,” said Governor Rick Scott.

    Scott says the bill will help put abandoned homes back on the market. The Florida Bankers Association says it will help rejuvenate the economy.

    “Our members do not want to foreclose. But, when we have to get to that point, we need to do it as and efficiently as possible,” said Anthony DiMarco.

    Homeowner advocates say the bill is unconstitutional, making it difficult for a person to save their home if they have difficulties paying their mortgage.

    “In the long run, it’s going to limit rights when they try to defend a foreclosure on their home,” said Edward Grunewald.”

    Read more

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    • Home
    • Attorney Information
      • Jon B. Coats Jr.
      • Ryan Schmidt
      • J. Patrick Walsh
      • Martha Bolton
      • Alexis Moore
      • Kimberly Sproat
      • Amanda Drummond
    • Practice Areas
      • Business Litigation and Transactions
      • Concierge Legal & Advisory Services
      • Corporate Intelligence & Due Diligence Investigations
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      • Commercial Loan Documentation
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      • Foreclosure Defense
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    Coats Schmidt, P.A.