Foreclosure bill clears Florida Senate panel

5:07 PM, Mar 20, 2013   |    comments
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TALLAHASSEE, Florida (AP) - Florida's mortgage foreclosure process would be sped up under a new proposal cleared by a Senate panel.

The Senate's Banking and Insurance committee on Wednesday voted 8-2 for the bill (SB 1666). It would allow senior judges to hear foreclosure cases to reduce a backlog and force banks to prove they own a mortgage - or explain why they can't prove ownership.

But critics on the panel and in the audience raised alarms about a provision on notices of sale that would allow them to be published only on the Internet. Advocates for newspapers and senior citizens say that will reduce the chance such notices will be seen.

The Senate bill next stops at the Judiciary committee. A companion bill is in the House.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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