Unfortunately what no one brought up in the public comments is the fact that the bill not only blesses fraudsters with unbridled ownership of the property, but permits the fraudsters to be paid by the homeowner for the privilege of defending the fraud, permits the fraudsters to take possession of the property if the homeowner doesn’t pay, and then permits the real owner/holder to sue the homeowner again. Quadruple wammy. It’s great to be an american.
From this Committee Meeting video it seems we have an elected Senator who is a printer by trade, who admittedly knows next to nothing about real estate, real estate law or the foreclosure process and, who is sponsoring this bill written by bankers that will dramatically alter real property rights to the detriment of his own constituents and the State’s citizenry. All whilst upending hundreds of years of real property and contract law and relevant judicial authorities. Really? Please, someone pinch me. I’m having a dream. The guy actually sponsored a bill in the Florida Legislature that will prevent me from getting my stolen property back, even if I can prove it was stolen, even if I can prove the thief lied to the Judge, leaving me only the option to sue the crook who took it in the first place in vain hopes of getting a money judgment? No, not a dream. It’s a nightmare.
Look over there! A flock of turtles!
There was much talk and fluff in this meeting pointing out the “˜primary thrust’ of this legislation is to “˜speed up’ the foreclosure process in order to clear out the inventory of abandoned properties, even to the point of “˜saving lives’ by doing so. Wow, that sure sounds important. I have to wonder, though, given that some 94% of foreclosure cases are not defended in any manner, and considering that laws and rules are already in place that allow a plaintiff to move for final judgment in order to gain control of the property they’re suing on in as little as 20 days after they affect service on the defendant: A) How much faster can the process possibly be made?, and B) Does this proposed bill actually speed anything up? The only honest answers are: It can’t, and, it doesn’t.
I’ve reviewed a number of foreclosure dockets and have yet to see a single one that was being defended on an abandoned house. So, what, a vacant house in an undefended foreclosure puts up too much of a fight for the big banks and their crack-shot legal eagles? They need new legislation to help them defeat this formidable foe?
Poppycock. It’s all slight-of-hand. Let’s just rename it to what it is: The Financial Sector’s Nuclear Option Fix For Hopelessly Defective Land Titles and Evisceration Of Citizen’s Due Process And Real Property Rights Act. At least then we’ll know what they’re really voting on.
Unfortunately what no one brought up in the public comments is the fact that the bill not only blesses fraudsters with unbridled ownership of the property, but permits the fraudsters to be paid by the homeowner for the privilege of defending the fraud, permits the fraudsters to take possession of the property if the homeowner doesn’t pay, and then permits the real owner/holder to sue the homeowner again. Quadruple wammy. It’s great to be an american.
From this Committee Meeting video it seems we have an elected Senator who is a printer by trade, who admittedly knows next to nothing about real estate, real estate law or the foreclosure process and, who is sponsoring this bill written by bankers that will dramatically alter real property rights to the detriment of his own constituents and the State’s citizenry. All whilst upending hundreds of years of real property and contract law and relevant judicial authorities. Really? Please, someone pinch me. I’m having a dream. The guy actually sponsored a bill in the Florida Legislature that will prevent me from getting my stolen property back, even if I can prove it was stolen, even if I can prove the thief lied to the Judge, leaving me only the option to sue the crook who took it in the first place in vain hopes of getting a money judgment? No, not a dream. It’s a nightmare.
Look over there! A flock of turtles!
There was much talk and fluff in this meeting pointing out the “˜primary thrust’ of this legislation is to “˜speed up’ the foreclosure process in order to clear out the inventory of abandoned properties, even to the point of “˜saving lives’ by doing so. Wow, that sure sounds important. I have to wonder, though, given that some 94% of foreclosure cases are not defended in any manner, and considering that laws and rules are already in place that allow a plaintiff to move for final judgment in order to gain control of the property they’re suing on in as little as 20 days after they affect service on the defendant: A) How much faster can the process possibly be made?, and B) Does this proposed bill actually speed anything up? The only honest answers are: It can’t, and, it doesn’t.
I’ve reviewed a number of foreclosure dockets and have yet to see a single one that was being defended on an abandoned house. So, what, a vacant house in an undefended foreclosure puts up too much of a fight for the big banks and their crack-shot legal eagles? They need new legislation to help them defeat this formidable foe?
Poppycock. It’s all slight-of-hand. Let’s just rename it to what it is: The Financial Sector’s Nuclear Option Fix For Hopelessly Defective Land Titles and Evisceration Of Citizen’s Due Process And Real Property Rights Act. At least then we’ll know what they’re really voting on.