Should Florida Legislators and policy makers use our taxpayer dollars to fund a system that throws Florida families out into the street, only to benefit Wall Street hedge funds, institutional investors and foreign governments, like China?
This is just one of the fundamental questions that must be answered before this state’s leaders rush into passing a new foreclosure law with the express stated goal of making foreclosures move more quickly.
Now if the end result of these foreclosure sales ended up being the property, sold at public auction on the courthouse steps, ended up back in the hands of some “more desirable” local owner, perhaps the idea of faster foreclosures might be more palatable to me. If these public sales resulted in a local contractor or real estate investor buying it, employing licensed contractor who would fix the property, then listing it with the local realtors, flipping it and selling it….we as a community of voters and taxpayers might be more easily convinced to support these measures….
BUT THIS IS NOT WHAT IS HAPPENING. THE “PUBLIC” FORECLOSURE AUCTIONS, PAID FOR BY STATE AND FEDERAL TAXPAYER DOLLARS ARE NOTHING MORE THAN PRIVATE SIDE DEALS BETWEEN THE BIG BANKS AND WALL STREET PLAYERS, AND THOSE ARE PLAYERS PROFITING FROM THE CURRENT STATE OF FORECLOSURES….AND THEY ARE THE SAME PARTIES THAT WILL BENEFIT FROM THE PROPOSED CHANGES….LISTEN BELOW TO SEE HOW:
FORECLOSURES IN PINELLAS COUNTY, HERE’S WHAT YOU NEED TO KNOW
Here is the spreadsheet that must be considered: