This madness called Florida’s Fraudclosure Crisis has been a Category 4 Hurricane stalled out across the entire state of Florida since at least the fourth quarter of 2008. Remember those dark days? That’s when all the banks were gonna fail unless we all gave in to Hank Paulson’s demands and wrote all the banks an unlimited blank check.
We did and things have only gotten much much worse in this state. The Fraudclosure crisis continues to clog our courtrooms, destroy communities and, frankly the crisis continues to cause catastrophic risk for the banks and institutions that caused all this catastrophe. But I could solve the vast majority of these problems and put an end to the “crisis” part of the crisis instantly.
Say what? Huh? How can you possibly solve this problem?
Well I can’t make it all go away, but if my friends on the “dark side”, the attorneys and decision makers from the banks and institutions would only listen to me, I could make their lives 10000 times easier immediately. Here’s the deal. Ignore all homestead properties for the immediate future. Focus all your energy and attention on completing foreclosures for vacant, commercial and investment properties. The moment you find out someone is living in a home, put the case on hold, tell your client to talk with them about a loan mod, then focus 110% of your time and energy on getting the other homes foreclosed then sold.
Why continue to focus on homestead properties when there are hundreds of thousands of homes out there that you could foreclose on that would be so much easier….so much less resistance? And yet, I continue to fight cases, keeping families and old ladies in their homes because the banks just won’t listen to reason.
Once you get done with all the other homes, if you want to come take a run at me and my clients…have at it. But you’re making costly and horrible business decisions to fight me when you are so much better off going after the lower hanging fruit. In the next phases, look at this:
69.021″ƒBondholders’ committee.””
Next, look at this:
702.065″ƒFinal judgment in uncontested proceedings where deficiency judgment waived; attorney’s fees when default judgment entered.””