Attorneys fight foreclosure reform bill - WFLA-TV News Channel 8

Attorneys fight foreclosure reform bill

Posted: Updated:
PINELLAS COUNTY, FL -

Local foreclosure attorneys are forming a new consumer advocacy group to fight a proposed state foreclosure bill."Homeowners lose due process...homeowners lose the opportunity to go forth with their attorney and raise legitimate defenses that they could otherwise raise," said St. Petersburg attorney Matt Weidner

State Representative Kathleen Passidomo of Naples who sponsored the bill disagrees. "This bill is a very fair, a very measured response to a crisis we have in the state of Florida,"said Passidomo.

House Bill 0087

-requires lenders to move more quickly by presenting all necessary paperwork up front.

-allows any lien-holder, like a homeowner's association to initiate the foreclosure process.

-and cuts the time from five years to one year, that a bank can go after a homeowner for money owed from an underwater mortgage.

But Weidner insists not all foreclosure delays are bad...mediation and modification programs often hold-up the process...but they benefit both the lender and the homeowner. Weidner and his group are creating a website to fight the bill," What we're seeking to do is raise the profile of this issue."

If passed, the bill could affect the more than 350-thousand foreclosures pending in Florida.

  • 8 On Your Side

  • Wednesday, June 19 2013 6:13 PM EDT2013-06-19 22:13:51 GMT
    Florida Attorney General Pam Bondi is suing a pool company that was the subject of an 8 On Your Side investigation this spring. Numerous customers of Pompano Beach-based Nationwide Pools contacted 8
    Florida Attorney General Pam Bondi is suing a pool company that was the subject of an 8 On Your Side investigation this spring.
  • Wednesday, June 19 2013 11:01 AM EDT2013-06-19 15:01:50 GMT
    Florida's main online school is telling worried parents and students that they aren't about to get charged for failing to complete courses.
    Florida's main online school is telling worried parents and students that they aren't about to get charged for failing to complete courses.
  • Tuesday, June 18 2013 2:46 PM EDT2013-06-18 18:46:51 GMT
    Chrysler says it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire. Earlier this month the company refused
    Chrysler says it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire. Earlier this month the company refused
Powered by WorldNow

200 South Parker Street, Tampa, FL 33606

Telephone: 813.228.8888
Fax: 813.225.2770
Email: news@wfla.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2013 Media General Communications Holdings, LLC. A Media General Company.