FL Governor Scott signs controversial foreclosure fast track bill

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.