Bill S780 : Foreclosure Proceedings/Payment of Fees

S780 GENERAL BILL by Senator Evelyn Lynn : Foreclosure Proceedings/Payment of Fees;

Requires a financial institution that institutes a foreclosure proceeding against residential property to pay all fees associated with or owed by the property which accrue from the date the foreclosure action is initiated until the foreclosure is finalized. Provides for retroactive application.

EFFECTIVE DATE: Upon becoming law. 11/18/09 SENATE Filed

Read SB780 here>>

Contact Pleat & Perry at 850-650-0599 for more information on how this could effect you or your association.