What To Know About Fla.'s New Fast-Track Foreclosure Law

Law360, New York (August 09, 2013, 1:26 PM ET) -- According to the Florida House of Representatives, the state of Florida has been negatively impacted by the national foreclosure crisis, and as a result, Gov. Rick Scott and the Florida Legislature want to minimize the impact upon the judicial branch both in terms of funding and caseload.

It is reported that the average time to complete a residential foreclosure in Florida is 853 days, as compared to the national average of 414 days. Thus, in an attempt to shorten Florida’s lengthy residential foreclosure timeline, Scott signed House Bill 87 on June 7, 2013 (Chapter 2013-137, L.O.F.).

Click the View Media link to read more.