A new foreclosure bill is being proposed by Florida legislature to speed up foreclosures in Florida. Although recently passed by a Senate committee, the bill still must pass three more committees in the Senate and one more in the House. The bill is designed to speed foreclosure cases through the court system by allowing semi-retired judges to take on foreclosure cases, as well as allowing a number of other provisions designed to help "streamline" the amount of foreclosure cases in the state of Florida. Florida already holds a quarter of the nation's foreclosure cases, and is working to expedite the judicial process of foreclosure.
What could be bad about streamlining the foreclosure process in Florida? Especially when we have so many homes in Florida currently in foreclosure. Well...a lot, actually. The fact that the foreclosure process can take so long has always been a benefit to the homeowners because it gives both the homeowner and their foreclosure defense attorney time to prepare legal documents and paint an accurate picture of the person's financial situation.
The ability of a foreclosure defense attorney to prolong the foreclosure process has always benefited the homeowner by providing ample time to present a loan modification plan to the lender in hopes that the foreclosure process could be stopped and the homeowner could keep their home.