The “crisis” the continues to impact the prosecution of foreclosure cases in Florida is no crisis at all. Quite the contrary. The fact that foreclosures have slowed in this state is a reflection that our state’s elected circuit court judges finally recognized the fraud and the crimes that were being committed in their courtrooms and slowed down the mad rush that the banks were making toward foreclosure.
The 49 State Attorney General Settlement and the OCC Settlement, along with the indictment of Docx, LLC’s Lorraine Brown are not the conclusion of the punishment…these events are merely the first step….the admission (finally) that what we on the defense advocacy side have been saying all along was true.
But what is the reaction of Florida’s elected Republican leaders? Why they want to grant the banks a get out of jail free card. They want to reward the banks for their criminality and fraud and make foreclosures easier.
And whose really driving this bill? The title insurance companies. Yes, the insurance companies. The very companies that were all too willing to accept the premium dollars, paid for in many instances with taxpayer dollars, knowing full well that their agents were engaging in misconduct. And now those insurance companies are doing just what insurance companies do….they want to avoid the liability they face.
But that’s just one aspect……we should also note that the bill in its current form is probably unconstitutional in many ways and in several distinct areas. There are lawyers on these committees that will be voting on this bill. Let’s just see whether they recognize and respect the oath they took to faithfully serve The People and The Constitution, or whether they fold in for those tired old party and personal benefits…….
