FL S0082

Creates the "Short Sale Debt Relief Act" to provide debt relief for debtors who conduct bona fide short sales of eligible real property in Florida.

Eliminates deficiency debt owed to lienholders when a debtor receives a written offer equal to fair market value within 3 years of July 1, 2014, and closing occurs within 60 days.

Requires first lienholders to receive 90 percent of short sale proceeds, while second and subsequent lienholders share 10 percent proportionally based on debt held.

Mandates that lienholders approve short sales and execute closing documents within 45 days when a debtor procures a buyer offering fair market value for eligible property.

Permits debtors to sue lienholders for actual damages, costs, lien elimination, and attorney fees for violations of the act.