Controversial Foreclosure Bill Overwhelmingly Passes Through FL Senate
MIAMI (CBS4) - The Florida House has passed a hotly-contested measure Wednesday aimed at speeding the state's mortgage foreclosure process.
The bill (HB 213) passed Wednesday by a vote of 94-17. The bill's companion, SB 1890, passed through the Senate by a 6-4 vote on Monday
Proponents want to cut down on the backlog of Florida's foreclosure cases but critics say a speedier process will be unfair to people about to lose their homes.
The measure also has consumer-friendly provisions. It shortens to one year the time for a bank to go after any balance owed after the foreclosure sale of an owner-occupied home.
Backers say the bill is directed at homes that have been abandoned or where the property owner has no valid defense.
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