The drums are starting to beat more loudly by those of us in the Florida real estate and foreclosure defense business as we patiently await the word on whether Gov. Rick Scott will sign HB 87, a bill designed to speed up the backlog of foreclosures in Florida.
Florida real estate analyst, consultant and author Jack McCabe, of McCabe Research and Consulting in Deerfield Beach, has become the latest outspoken opponent of the foreclosure legislation.
McCabe points out that while backers have “soft-peddled” the bill as nothing more than a way to clear through the logjam of pending foreclosures that have piled up since the housing crisis began, there are underlying dangers lurking in the specifics that – believe it or not – would actually prevent foreclosed homeowners from getting their homes back, even if the outcome of a court case is against the bank. The best a judge could do is award money damages.
It’s hard to believe that in America someone could be forced from their home and even if a bank is wrong in foreclosing, not be able to get it back!
After the legislation passed earlier this month I sent a letter to Gov. Scott urging him not to sign the bill into law noting that if he did, it could push homeowners out of their residences without the due process to which they are entitled.