Florida property law

Florida is one of several states where the courts are required to be involved in every step of the foreclosure process. By 2012, it took three years to complete the process. In nonjudicial states, it takes an average of 100 days. As a result of the United States housing bubble, there is a large backlog of housing that is in the foreclosure process but unavailable to the market. This overhang has had a detrimental effect on the housing market.[1]

Chapter 197.4 (of Title XIV) of the Florida Statutes applies to the sale of tax liens which provide liquidity to counties in lieu of actual taxes. Chapter 197.5 applies to tax deed sale which provides the intermediary bidder with the opportunity to foreclose on a delinquent taxpayer.[2]

See also

References

  1. ↑ Fishkind, Hank (February 2, 2013). "Lawmakers can help boost economy". Florida Today (Melbourne, Florida). pp. 4B.
  2. ↑


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