State of Florida SB 780 (Proposed)
February 17th, 2010
Senator Evelyn Lynn (R-Florida) sponsored SB 780 which will require banks 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.
Summary of SB 780
• Any financial institution that begins a foreclosure proceeding against a residential property will pay all fees associated with or owed by that property (including homeowners’ association fees, maintenance fees, property taxes etc) from the date on which the foreclosure is initiated through when it is finalized.
• Applies retroactively to all foreclosure proceedings pending at the time this act is passed.
• Effective on passage
To view the proposed Bill, please click here
To view an online article that discusses the Bill, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.