The Miami Herold has an article on the new Florida Foreclosure requirements.
A new Florida Supreme Court ruling may go a long way toward unclogging the estimated 500,000 Florida Foreclosure Lawsuit backlog by requiring bank to actually verify that they are in fact the owners of a home before they actually attempt to foreclose on it. That may sound like common sense but until February, when the new rule was approved by the Court, it was not the case.
The primary problem is with the original notes, which are the legal promises to pay a debt, have often been sold multiple times and many banks have lost them. Without the note, lenders were unable to prove who was the true owner of the property and in some cases this lead to two separate lenders attempting to foreclose on the same property.
IF you are facing a Florida Foreclosure Lawsuit or fear that you may be facing one in the future contact a Jacksonville Foreclosure Defense Lawyer to discuss your circumstances and possible options to save your home.
