Skip to Navigation | Skip to Main Content | Skip to Site Map | Archives | Mobile Site

Senate Tracker: Sign Up | Login

Senate Live by Watch Now

HB 1149: Mortgage Foreclosures


Mortgage Foreclosures; Reduces limitations period for commencing action to enforce claim of deficiency judgment pursuant to foreclosure action; provides that entry of deficiency judgment must be commenced within specified period after date of court foreclosure sale or short sale; bars attempts to collect deficiency judgment if not commenced within such period; limits amount of deficiency judgment in foreclosure action; authorizes reduction of amount of deficiency judgment by insurance setoff; authorizes lienholders & condominium or homeowners' associations to request order to show cause for entry of final judgment of foreclosure; provides requirements & procedures with respect to order directed to defendants to show cause why final judgment of foreclosure should not be entered; provides that failures by defendant to make certain filings or to make certain appearances may have specified legal consequences; requires court to enter final judgment of foreclosure & order foreclosure sale; establishes expedited foreclosure proceedings for abandoned residential real property & procedures & requirements with respect thereto; provides procedures & requirements for actions to foreclose on mortgages on actual or potential homestead property.

Effective Date: 7/1/2012
Last Action: 3/9/2012 House - Died in Civil Justice Subcommittee
Location: In committee/council (CVJS)
Bill Text: PDF

Bill History

Date Chamber Action
12/27/2011 House • Filed
1/9/2012 House • Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Justice Appropriations Subcommittee; Judiciary Committee -HJ 112
1/10/2012 House • Introduced -HJ 111
3/9/2012 House • Died in Civil Justice Subcommittee