S 1218 Residential Foreclosure Proceedings– Senator Soto and Representative Jose Rodriguez (D-Miami)
Last Action: 02/27/2013 S Filed

Residential Foreclosure Proceedings; Citing this act as the “Florida Mortgage Collection Fairness Act”; prohibiting a mortgage collection firm from offering false evidence in a mortgage foreclosure proceeding; providing that a violation is a deceptive and unfair trade practice; providing penalties and remedies; providing for the award of attorney fees and costs under certain circumstances, etc.

Last Action: 02/27/2013 Filed

Effective Date: July 1, 2013

S 1226 Homestead Foreclosure Relief
Last Action: 02/27/2013 S Filed

Homestead Foreclosure Relief; Providing for application to homestead property mortgaged within a certain time period; providing a statute of limitations for entering a deficiency judgment; limiting the time period the lienholder can collect moneys owed; providing that the collection time may be tolled if the debtor commits fraud or if the debtor is held in contempt of court, etc.

Last Action: 02/27/2013 Filed

Effective Date: July 1, 2013

S 1228 Short Sale Debt Relief
Last Action: 02/27/2013 S Filed

Short Sale Debt Relief; Creating the “Short Sale Debt Relief Act”; providing that a debtor does not owe a deficiency to a lienholder related to an eligible real property sold pursuant to a bona fide short sale if an offer is received by a debtor within a specified time period and under specified conditions; requiring a lienholder to approve the short sale of property and execute any document necessary to close the sale within a specified time period if a debtor procures a buyer who makes an offer in writing equal to the fair market value of the eligible property, etc.

Last Action: 02/27/2013 Filed

Effective Date: July 1, 2013

S 1236 Mortgage Principal Reduction Program
Last Action: 02/27/2013 S Filed

Mortgage Principal Reduction Program; Creating the “Mortgage Principal Reduction Act”; requiring that the Florida Housing Finance Corporation apply to the United States Department of the Treasury by a specified date to request funds not to exceed a specified amount from the federal Hardest-Hit Fund program to establish a new state program to reduce the principal on mortgages for persons whose homestead property in this state is in foreclosure; requiring the corporation to use the allocated funds to purchase delinquent mortgages on such property from lenders at a discount to reduce the mortgage principal amount due on the mortgage, etc.

Last Action: 02/27/2013 Filed

Effective Date: July 1, 2013