Bill to fast track foreclosures has sparked a rare internal Florida Bar fight

, Daily Business Review

   |1 Comments

Foreclosure defense lawyers hired Miami lobbyist Ron Book to, in part, counter Tallahassee lobbyist Peter Dunbar, who was hired by the Florida Bar's Real Property, Probate and Trust Law Section to push a bill to fast track foreclosures.

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What's being said

  • Brian Korte

    This bill is so counter-intuitive to its purpose. A "show cause" hearing in every foreclosure case would cause more congestion in the courts, not less.

    Lenders already may avail themselves of the "show cause" process, but few do so. It's not because "show cause" is cumbersome, but because lenders are in no hurry to take back the thousands of properties in the foreclosure pipeline now. Nothing compels the lenders to create a larger "shadow inventory" that has the potential to drive down values.

    Also, while this bill is alleged to target "unoccupied" properties by excluding those with a homestead exemption, many owners whose families assist them with the purchase of a home, perhaps preventing a homestead exemption, would become targets of this fast-track.

    Brian Korte, www.foreclosurefactor.com

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