Monday, April 12, 2010

Proposal To Make Florida Non-Judicial Foreclosure State Dies In Committee

In Tallahassee, Florida, The Palm Beach Post reports:
  • Proposed legislation that would allow banks to foreclose on Florida homes without going to court died in a House committee Monday, giving supporters scant hope for success this year. "We knew this was a big change in Florida law and we were asking a lot for it to happen in one session," said Anthony DiMarco, executive vice president for government affairs for the Florida Bankers Association. "When you have this kind of policy change, it can take more than one year."

For more, see Nonjudicial foreclosure bill dies in House committee.