From the Florida Banker’s Newsletter:
Foreclosures The FBA was successful in placing $4 million in the budget for the courts and $2 million for the clerks of court to use for foreclosure cases. This will help with the backlog of foreclosure cases in the court system.
And now from our friend Chip Parker:
The national journalism detailed the cozy relationship between the banks’ lawyers and the band of retired judges who, for upwards of $600 per day, rubber-stamped foreclosure judgments in the face of obviously fraudulent evidence. The media coined the term ” Robo-Judges.”
You may also recall from that Rolling Stone piece the Chief Judge of the Duval County Rocket Docket famously declaring on CNN that he had never seen any bank fraud in his courtroom. He described the banks’ conduct as merely ” sloppy.” I was actually investigated by The Florida Bar for speaking out to CNN about this travesty of justice. With truth as my defense, The Florida Bar could do little to shut me up.
Fast forward to present time and the recent $26B settlement between the mortgage servicing industry and state prosecutors. The servicers agreed to pay this rather paltry fine, with over $8B earmarked for Florida, solely to acknowledge the very fraud our band of retired judges refused to see.