Bill To Speed Up Foreclosures Moves Ahead In Fla. House

Law360, Miami (February 8, 2013, 4:46 PM EST) -- Florida's House civil justice subcommittee approved a bill Thursday intended to streamline the state's foreclosure process and ease a major backlog of cases, but numerous concerns remain about how the new rules would affect the situation.

The state ended 2012 as the nation's leader with more than 305,000 properties in some stage of foreclosure or in bank ownership, and its average processing time of 853 days between filing and bank repossession trails only New York's and New Jersey's, according to a state legislature report. The national...
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