Governor Scott Signs Mortgage Foreclosure Bill

On June 7, 2013, Gov. Rick Scott signed HB 87 ("Bill"). With Scott’s signature, the Bill became effective. The Legislature intends for this Bill to help expedite the foreclosure process. Supporters of the Bill believe it addresses the problem of blighted neighborhoods from vacant properties locked in foreclosure litigation, cases becoming log jammed in the courts, and the difficulty of junior lien holders to enforce their liens. Detractors believe the Bill infringes on the Supreme Court’s procedural rulemaking authority and limits a homeowner who was wrongly foreclosed to monetary damages.