Can a bank just break down my door, change my locks and take all my stuff? (Yes, this is America and banks do whatever they want.)
If a bank breaks into my home, won’t the police do anything? (No, this is America and banks do whatever they want.)
If a bank breaks into my home and steals all my stuff, won’t the courts do anything? (No, this is America and banks do whatever they want.)
(I’ve litigated these issues many times and the banks (much worse than criminal cartels) fight dirty to protect their criminal enterprise. (And “our” government let’s them get away with it.)
How many hundreds of millions of taxpayer dollars are being spent on Florida’s foreclosure courts. (Money that could be spent on education, health care, police?)
Who does the foreclosure process ultimately benefit? (The banks that caused the problem.)
Who does the foreclosure process hurt? (Individual families and entire communities.)
What will ultimately happen to the homes that are foreclosed on so that families can be thrown into the streets?
Shouldn’t that last question be part of every discussion regarding foreclosures…both at the state level and at the federal level? Probably should, but no one really seems to care about that. After all, Florida’s courts are in the important business of
CLEAR THIS FORECLOSURE DOCKET
And in too many cases, clearing the foreclosure docket runs in direct contrast to respecting the Rules of Procedure and Evidence and trampling right over Due Process. But what the hell does all that really matter. After all, we (they) have to get through all this foreclosure problem so we can punish all those bad borrowers who don’t pay their mortgage and, “get these properties back into inventory!” But the properties don’t make their way back into the market so that new, young, wonderful family can buy it. It just doesn’t happen that way. The properties are either bought by hedge funds or they are abandoned. You’d think that people would start to care about things like this….
(Keep in mind, the banks have taken the position that they can break into your home at any time they please with no warning, no permission and no legal authority to do so. They can just kick down your doors whenever they want.)
WARNING: THE FOLLOWING GOVERNMENT REPORT IGNORES ONE OF THE MOST IMPORTANT FACTS…THAT UNLICENSED CONTRACTORS ARE PERFORMING SHODDY WORK AND ACTUALLY DESTROYING HOMES, THEREFORE THE ESTIMATES AND ASSUMPTIONS ARE NEARLY ALL ABSURDLY INCORRECT. ENJOY!
As of September 30, 2012, HUD held 37,445 REO properties while the GSEs
held 158,138. In addition, the “shadow inventory”—residential loans at least
90 days delinquent—totaled 1,708,033 properties, roughly 8.7 times the size of
the HUD and GSE REO inventories combined. Even a fraction of the shadow
inventory falling into foreclosure could considerably swell HUD and GSE
inventories of REO properties.