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Fla. Senate panel clears foreclosure bill


Last Update: 2/20 4:12 pm
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      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.

     
      (Copyright 2012 by The Associated Press.  All Rights Reserved.)
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