TALLAHASSEE, Fla. (AP) _ A Senate panel has cleared a bill that aims to streamline and speed up the state's foreclosure process. But critics say a speeded-up process will infringe on homeowners' rights.
The Senate Judiciary Committee cleared the bill (SB 1890) by a vote of 5-2 party line vote on Monday.
Sen. Jack Latvala's proposal would increase requirements that a party trying to foreclose on a property actually owns the mortgage. But the Clearwater Republican's bill also allows condominium and homeowner associations who are owed dues to force a home into foreclosure.
Consumer advocates and foreclosed homeowners say the bill isn't needed. They place blame on banks and lawyers trying to game the system with questionable paperwork.