2013-06-11bizjournals.com

Governor Rick Scott signed a bill that aims to move foreclosures through the court system more quickly, but some homeowner advocates worry that it will erode their rights.

House Bill 87 requires banks to file cases with a clear chain of ownership of the mortgage note and how the delinquency occurred. If the case has the correct documentation, the lender can seek a "show cause" order as to why it shouldn't be awarded a judgment and take the house. The homeowner would have to quickly raise a valid defense.

The bill prevents homeowners who wrongly lost homes to foreclosure from getting them back. Instead, they would be awarded monetary compensation.



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