At some point in time judges and policy makers will wake up and realize that the foreclosure process, as it is played out in Florida, does not help communities.
Judges that sit behind benches focused on the singular aspect of foreclosure, “but you didn’t pay your mortgage” are not even scratching the surface of what’s really occurring in their own foreclosure courtrooms.
Florida’s foreclosure courts are operating as administrative clerks, turning properties over back to banks no matter what wrong they’ve done to get there.
Foreclosure properties are not being returned back into the marketplace so that “good” purchasers can take title to these homes. Instead, these properties are being concentrated and isolated into the hands of a few institutional, government (foreign and domestic) and other sources.
Let’s all be clear about what Foreclosure in Florida really is….
The State of Florida Diverts Hundreds of Millions of Taxpayer Dollars So That Courts Can Throw Families Into the Street.
Now, that result, that end product may be more purposeful if indeed the act, the institution that is Foreclosure in Florida worked in service of private parties and investors who in fact turned over the work product of our state’s judicial system to the private marketplace. After all, when you spend time in foreclosure courtrooms, what you see are the least, the lost the disadvantaged among us. Easy enough just to dismiss them. But there are also that class of people so easy for all of society to attack, to pounce, to beat, kick and take out our vengeance,
Those Irresponsible Deadbeat Homeowners Who Took Out More Mortgage Than They Could Afford…They Abuse The Foreclosure Process (and they deserve our collective contempt)
But now that we’ve gotten all that blame and contempt out on the table, let’s focus on the end product of foreclosure.
After We’ve Rounded Up All The Homeowners in Foreclosure, After We Throw Them Into The Street, After We Burn Their Children Right in Front of Them…What Becomes of Their Former Houses?
In all the talk and public policy discussions about foreclosure, especially the frenzy that Florida’s court system has been whipped up into as a result of the DECREES FROM TALLAHASSEE….You know….
CLEAR THIS FORECLOSURE DOCKET!
Shouldn’t we care about what actually happens to the homes? Who benefits? Who loses? What becomes of the property? Take a read of the following data from Palm Beach County. What you find is that third parties do not take title to properties….they just wind up back in the hands of the banks….doesn’t anyone care what this means?
[advanced-iframe securitykey=”a89b984039fb3b09578b3059dd44d761a319ccc0″ src=”https://4closurefraud.org/2013/08/14/haha-hb-87-fail-steep-drop-in-florida-foreclosures-attributed-to-new-law/” width=”1000″]There were 1,050 properties sold during July’s online foreclosure auctions, according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those, 799 were sold back to the plaintiff – typically a bank or mortgage company – in the foreclosure proceeding, and 251 were sold to a third party.
There were 579 sales canceled in July, out of 1,629 advertised for sale. The cancellation rate was 35.5 percent, compared with 34.3 percent in June.
