Associations Foreclose. Once a dirty little secret is now almost as common as purchasing a home. The foreclosure process in the State of Florida is painstakingly slow. On the last day of the Legislative session, Friday, May 2, 2013 the Florida Legislature (both the FL House of Representative and the FL Senate), through overwhelming support, passed a bill that would speed up the foreclosure process in the State. That bill now sits on Governor Scott's desk, waiting for signature to become law in Florida. Foreclosures have flooded the United States due to the housing crisis that resulted from the economic recession of the past decade and the State of Florida is one of the states hardest hit by the real estate collapse. Foreclosure proceedings in Florida can take anywhere from 1 to 2 years or even longer to finalize.
THE BEST HOMESTEAD ASSET PROTECTION
STRATEGY FOR FLORIDA
DO NOTHING !!
Real estate "Gurus," and our colleagues in estate planning or divorce law, will often discuss asset protection strategies and homestead asset protection for various forms of real estate investments. The danger occurs when inexperienced homeowners use these techniques on their Florida homestead property.