This bill introduces new requirements for foreclosure sales in Florida by creating section 45.0311 of the Florida Statutes. It establishes mandatory procedures that must be followed during judicial sales, emphasizing the need for transparency and fairness. The bill specifies that any request to deviate from the established procedures must be made in a separate pleading and that any approved deviations must be documented in writing within the final judgment or order. It also outlines specific requirements that cannot be altered, such as uniform bidding procedures, publication standards for sale notices, and the handling of credit bids and auction processes.

Additionally, the bill sets forth conditions for appointing alternative auctioneers, including the necessity for insurance or bonds to protect the interests of all parties involved. It mandates that auctions be conducted in accessible public locations and prohibits attorneys involved in the case from serving as auctioneers. Furthermore, individuals harmed by violations of these new provisions are granted a cause of action for damages. The act is set to take effect on July 1, 2025.

Statutes affected:
S 48 Filed: 45.031
S 48 c1: 45.031