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Florida Lenders Agree To Voluntary 45-Day Foreclosure Delay
Gov. Charlie Crist announced today that Florida banks and mortgage lenders have agreed to delay certain foreclosure proceedings – an agreement industry leaders described as a "reaffirmation" of their practices rather than a major change. The announcement fell short of expectations that built up around Crist's initial comments last week about declaring a moratorium on foreclosures, possibly by executive order. Today, Crist made clear that the 45-day foreclosure freeze would be voluntary on the part of bankers and other participating lenders, giving homesteaded property owners the opportunity to renegotiate their payment plans. ...more
December 1, 2008
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