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Accelerating A Fraud-Prone Process? Or Ameliorating It?

A bipartisan State Senate panel passed a foreclosure bill this past Monday aimed to expedite the mortgage foreclosure process. To say the legislation was met with mixed reactions would be an understatement.

While the bill contains certain consumer-friendly measures, like heightened requirements of ownership proof for parties trying to foreclose on a property, many foreclosed homeowners believe the law would only diminish their rights even more. Under particular scrutiny is the part of the legislation that provides for a special court hearing that would more easily speed a property into foreclosure.

With all of the erroneous and fraudulent filings (robo-signing, etc.) that have exacerbated the foreclosure process in Florida’s besieged real estate market, people have good reason for concern.

Stay tuned for more information as this bill moves to the Senate floor for further debate.

Please be advised that this article does not constitute legal advice nor does it provide any basis to form an attorney-client relationship. Nothing in this article should be copied without the express permission of the author.

Mr. Hounchell has a law degree from The University of Florida College of Law and he is a principal in The Law Offices Charles A. Hounchell, P.A., in Tampa, Florida. Mr. Hounchell earned his undergraduate degree from The George Washington University in Washington D.C. and he obtained his MBA in International Management from the American Graduate School of International Management (“Thunderbird”) in Glendale, Arizona.

Mr. Hounchell is a licensed title insurance agent and a real estate agent with Smith and Associates, Inc. http://www.smithandassociates.com/; http://www.livecasanova.com/. He has lived in many different countries, including Spain, Brazil, Argentina, Mexico and Germany and he speaks Spanish and Portuguese. A significant portion of Mr. Hounchell’s law practice is concentrated on Real Estate Law. He can be reached at 813-230-3376 or charlie@flpropertylaw.com.