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FAQ About Bank-Owned and Foreclosed Properties in Florida

Posted by Melissa McNeil on Jan 15, 2014 2:56:00 PM


Q: I understand Florida recently amended its laws concerning foreclosure. Can you tell me what’s changed?

A: HB 87, the “Florida Fair Foreclosure Act” took effect in June. It’s intended to speed up the process of foreclosing on residential mortgages. Among other things, the Act:

- Shortens from five years to one the time within which a lender must sue to collect any money still owed after the foreclosure (called a “deficiency”)
- Requires the lender to prove it owns a loan before foreclosing          
- Allows some third parties other than lenders (e.g., homeowners associations) to bring a foreclosure action.
- Here’s a link to a recent ALAW client alert with more details about HB87.
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Topics: Florida, Foreclosure

Albertelli Law Announces New Leadership Structure

Posted by Fitch on Sep 12, 2013 6:55:00 PM

Industry Veterans Scott Barnes and John Shelley Lead Operations at Albertelli Law

TAMPA, FLORIDA – September 9, 2013 – Albertelli Law, the leader in full-service creditors’ rights representation in Florida and Georgia, today announced a new leadership structure and operational pivot designed to improve case resolution efficiency and maximize client value.

“Our firm’s structure has been redesigned with dedicated legal teams matched to our client’s functional teams. The result has been a client-centric operating philosophy where our firm’s focus matches our clients’ goals,” said Albertelli. “It builds on our strategic foundation of people and technology to provide the most efficient and effective case resolution strategies at maximum value for our clients.”

LBarnes_Shelleyeading this evolution at the firm as Chief Operating Officer and EVP of Firm Operations are industry veterans Scott Barnes and John Shelley respectively. 
Scott Barnes, who most recently served as Senior Managing Director at Lender Processing Services (LPS), has more than 20 years of nationally recognized experience in default mortgage servicing, specifically in foreclosure, bankruptcy, and special asset services. During his time with LPS, Scott developed, implemented and managed the Default Solutions business. Prior to his tenure with LPS, he served as SVP of Operations for Fidelity National Foreclosure & Bankruptcy Solutions and was also employed with First Union National Bank as Vice President of Default Servicing.

John Shelley joins Albertelli Law with over 25 years of default servicing and mortgage origination experience. Shelley most recently served as the Vice President of Foreclosure at Select Portfolio Servicing (SPS). During his 14 year tenure with SPS, Shelley successfully managed multiple initiatives and aspects including foreclosure default operations, platform integrations, implementing client subservicing requirements and fulfillment of National Mortgage Settlement requirements

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Topics: Georgia, Florida, News

Florida: Governor Scott Signs HB 87

Posted by RBowen on Jun 6, 2013 9:11:00 PM

LegislationAlert1June 7, 2013 - Florida - Governor Rick Scott signed House Bill 87 into law today, an ambitious piece of legislation designed to expedite the residential mortgage foreclosure process and ease the state’s formidable backlog.

While House Bill 87 provides novel and useful mechanisms to speed up the foreclosure process, it also imposes some additional, highly specific requirements on plaintiffs in mortgage foreclosure actions. In order to safeguard our clients’ reputational and pecuniary interests, Albertelli Law proactively researched the contours of the proposed legislation, dissecting the bill’s key provisions and assessing its practical and economic effects on our clients. We are prepared to guide you every step of the way.

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Topics: Florida, Legislation

The Florida House and Senate voted in favor of H.B...

Posted by JAlbertelli on May 16, 2013 1:05:00 PM

LegislationAlert1The Florida House and Senate voted in favor of H.B. 87 on Monday, and the bill will now go to the desk of Gov. Rick Scott. The legislation is intended to streamline and expedite the legal process for foreclosures in Florida.

The Firm has taken immediate steps to protect our clients' interests with extensive research of the bill and potential impact on all Florida foreclosure cases. Mortgage defense attorneys are attempting to rally support for a Gubernatorial veto of the bill. If the governor does not take action within fifteen days of the approval date, the bill will become law.

H.B. 87 Legislation Highlights:

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Topics: Florida, Legislation, News


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