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FL S1808
Bill
AI Summary
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Creates the "Abandoned Property Neighborhood Relief Act" establishing procedures for mortgagees and mortgage servicers to enter and maintain abandoned residential properties (1-4 family units) that are in midforeclosure and declared nuisances.
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Defines "abandoned residential property" as properties with no occupancy signs and at least three indicators including disconnected utilities, boarded windows, stripped materials, law enforcement reports, accumulated trash, or unfit for occupancy declarations.
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Requires counties or municipalities to notify mortgagees of abandoned properties via certified mail with affidavits specifying abandonment indicators and dated photographs; mortgagees may request such determinations and counties must respond within 30 days.
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Authorizes mortgagees to enter properties to abate nuisances and perform maintenance including securing locks, boarding windows, winterizing, removing trespassers, and demolishing uninhabitable structures; requires 7-day advance notice posted on front door and dated photographs documenting entry.
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Allows counties or municipalities to abate nuisances themselves if mortgagees fail to act within prescribed timeframes, and permits them to recover costs through property assessments (non-foreclosable liens) or requesting reimbursement from mortgagees within 20 business days at 18 percent annual interest if unpaid.
Legislative Description
Abandoned Residential Real Property
Last Action
Died in Banking and Insurance
4/30/2021