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FL H1375
Bill
Status
Failed
6/16/2025
Primary Sponsor
Fabian Basabe
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AI Summary
- Prohibits courts from allowing bidding credits or other offsets exceeding 10% of the property's most recent assessed value in judicial sales and foreclosure sales, and requires properties to be reauctioned if sold for less than 75% of assessed value
- Voids the sale and requires reauctioning if the winning bidder does not remit full payment within 30 days; bars family members, current/former clients, and entities owned by those individuals from bidding on properties when an attorney orchestrates or facilitates the sale
- Requires all judicial and foreclosure sales to be held at locations open and available to the public, explicitly excluding areas accessible only by security card, key fob, or similar restricted means
- Creates an alternate judicial sales procedure (s. 45.036) allowing courts to authorize non-clerk sale conductors who must be licensed auctioneers, real estate brokers, or Florida Bar members, and who are prohibited from bidding on the property or profiting beyond an authorized fee
- Mandates that sale funds not held by the clerk of court must be kept in regulated escrow or trust accounts subject to court audit, and prohibits courts from waiving foreclosure surplus requirements or the clerk's service charge; effective July 1, 2025
Legislative Description
Judicial Sales Procedures
Last Action
Died in Civil Justice & Claims Subcommittee
6/16/2025
Committee Referrals
Civil Justice and Claims Subcommittee3/5/2025
Full Bill Text
No bill text available