It’s no secret that the liar lenders and their foreclosure mills are finally being brought to task by courts, including federal bankruptcy courts across the state.
They don’t like losing so they’re trying to get out of the courtrooms and away from the inquiring eyes of judges and attorneys.
A bill is sailing through the Florida House of Representatives that would allow lenders free range to take properties without judicial supervision or oversight. Have a look at the bill analysis here.
It’s time to start contacting your elected official NOW!!!!!
TELL THEM YOU’RE SICK AND TIRED OF THE FAT CAT BANKERS AND THEIR SCHEMES TO TAKE AWAY THE RIGHTS OF CONSUMERS!
Please click on the link below and contact every member of this committee which voted 10 to 4 to allow the liar lenders to have their way outside courts!
Civil Justice & Courts Policy Committee
While you’re at it, use this link to find your local Florida House Representative.
Tell them you’re sick and tired of the Fat Cat Bankers having their way with you!
Make that call!
If we’re not careful here, the bankers will just have their way with us!
Matt “” It’s not quite that bad. I finally found the Bill and read through it yesterday (no copy of the house bill on the House site for the Bill, but on the Senate site, a copy of the bill). Debtor has the option to remove to judicial process at any time. Of course, it would not surprise me to see them yank that option at the eleventh hour.
It’s a terrible bill.
The Debtor does not have the option to remove to judicial process at any time…the debtor (assuming a residential homestead) only has 45 days from the date of “notice” to file a complaint asking for judicial foreclosure. The complaint requires that the homeowner pay filing fees (or jumping through some hoops) and perfect formal service of process, and even then judicial foreclosure isn’t guaranteed.
And, to make matters worse, the only “notice” required to be given by the creditor before a non-judicial foreclosure is a simple letter sent via U.S. Postal Service (non-verifiable).
And let’s not forget that we still have some serious capacity issues with many of these foreclosures, issues which will never be resolved if this legislation is passed.
And the icing on the cake is that Rep. Grady has the nerve to include “Homeowner Relief” in the title of the bill!
https://www.facebook.com/MediatorKen
I though that if you are in a non-judical state, like California, you aren’t liable for deficiency but if you are in a judical state, like Florida currently is, you are liable.
(applied to 1st mortgage only.)
Is this Correct?
No, that is not entirely correct in the legislation, as written. The language essentially allows the bank to determine if you fit the non deficiency terms….we might not be so opposed if it were a clear waiver.