Foreclosure Speed-Up Bill Continues House Trek

The bill to expedite the foreclosure process has passed its second committee, the House Justice Appropriations Committee, by a 9-2 vote. Known as House Bill 87, this bill allows third-party lien holders to start foreclosure proceedings and rushes the final judgment of foreclosure if a legitimate defense is not filed. Objections from consumer advocates fear HB 87 would put the rights of homeowners at risk but the bill also includes consumer protection provisions including forcing banks and lenders to show proof of ownership of a mortgage before they can file suit.

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Borrowers Are Discovering That Their Foreclosed Homes Are Coming Back To Haunt Them — Long After They Have Moved Out

Your home has been in foreclosure, possibly for years, and the bank has finally set a sale date so you move out. You and your family are starting over in a new home and you no longer think of your old home that the bank sold. That is, until years later when a debt collector calls to tell you that you owe thousands in new debt from the home.

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Any information on this website is not intended to be communicated as legal advice. All information contained on this site is general and intended for information purposes only. For detailed legal advice regarding your loan modification, foreclosure, and/or bankruptcy needs, please schedule an appointment with the attorney. The Law Office of Emil Fleysher, P.A. is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.