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Florida Lawmakers Aim to Speed Up Foreclosures The Florida Legislature Addresses the Foreclosure Crisis. Stat., for a lender to seek a deficiency judgment from the current five years to one year.. the Bill, is an attempt to expedite the foreclosure process and avoid a repeat.

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TALLAHASSEE, Fla. (AP) — For the second year in a row, Florida lawmakers on Wednesday debated a proposal to speed up the state’s residential mortgage foreclosure process and make it fairer to homeowners. But critics on the panel and in the audience, including former Lt. Gov. Jeff Kottkamp, raised.

Worried by spiraling home foreclosures, Minnesota lawmakers are considering bills that would help those on the brink hang onto their homes, disentangle renters from foreclosure fallout and speed.

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Lakeland Leads Florida in Underwater Mortgages – LkldNow Negative equity hit its peak in 2012, when nearly 30% of homeowners were underwater on their mortgages. On a national scale. and current issues that could harm the economy don’t lead many to.. Florida Lawmakers Aim to Speed Up.

With Florida atop or near the top of the list of foreclosure-ridden states, lawmakers on Thursday began looking again at ways to speed up the handling of foreclosure cases that now can take two years or more to wind their way through the courts.

TALLAHASSEE – Homeowners would be forced to quickly mount a defense to prevent foreclosure on their property under proposals that Florida lawmakers are considering to speed up the legal process in.

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