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Stop The Banks! The Banks Are Trying To Change The Foreclosure Process!
Stop The Banks! The Banks' Lobbyists Are Trying To Change The Foreclosure Process! It is not a good thing to give the banks more power. If you are a real estate agent or a homeowner in the state of Florida please contact your Congress men and women today, please contact your state Senators today! Do not let this plea go unanswered. I just wrote a post about how if you are in the business of real estate you need to be involved with the political process and this call to action is NOW. If you are a short sale agent, if the banks get their way with this, this will directly impact your short sale closing ratios. This will also put more of your sellers at risk of losing their homes to foreclosure. Make sure you read the 53 page bill. Get your Board of Realtors® involved with defending the very essence of NAR and state boardsthe protection of homeowners' rights. Already Palm Beach County has stopped the foreclosures "on the courthouse steps". Actually the foreclosure sales were held in the court's cafeteria but now in order to facilitate so many foreclosures, the county clerk has put all the foreclosure auctions online. This is yet another hurdle to us agents who are scrambling to get the foreclosure stopped because we have a bank that does not know how to talk to their other departments! The Florida Supreme Court just made a ruling that all banks that are filing foreclosures must offer the homeowners mediation from now on. This new rule started to be in effect on January 1, 2010. Well, this bill slaps the Florida Supreme Court right in the face! It would be a mute rule. So the banks have now pulled their resources together and are lobbying the Florida house and congress to get this new bill passed. The Florida Bankers Association is a 400 member lobby. They are trying to undo decades of Florida law by undoing our judicial foreclosure process and change it to a non judicial foreclosure process where homeowners could be foreclosed on in as little as 3 months. Florida has been a judicial state for decades. They want to get this on the books by July 1 of 2010. This would been that they could bypass the judges. Of course they want to bypass the judges. After all, the judges are making the banks show proof of ownership of notes and making the banks obey the laws of service in the state of Florida. The judges will 99.9% of the time rule in favor of the homeowner postponing the foreclosure when we have an offer for a short sale. 37 states have fast track foreclosures. But Florida is and has always been a state where homeowners' rights matter.
• 172,894 South Florida homeowners were served with foreclosure lis pendens notices last year.
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This 53 page bill states that the non judicial foreclosures must be completed in no less than 3 months and no more than 1 year. Here in Florida in a judicial process it takes 18 months or more to foreclose on a property and longer if you hire an attorney for foreclosure defense. I love how they try to sell this bill as doing some good for the people. That is a bunch of loaded boloney. The bankers also put in the bill to keep their right to deficiency alive and well in the state of Florida. But then the bank throws a little morsel to the homeowners saying they will waive the deficiency if the homeowners do not wreck the house. It amazes me how they package this bill. The name is so deceiving. They must hire a marketing company to come up with the names for bills so that they sound good to the people. The name of this bill is: The Florida Consumer Protection and Homeowner Credit Rehabilitation Act!!!! What a joke! How in the world do they get to put a name like this on a bill that is just there to protect the banks' interests? They mask this with pretending that this bill is really helping! The sponsor of the bill said that this is to help break a foreclosure crisis caused by mortgage fraud. Excuse me? How is taking away judicial rights helping break through fraud????? He also said that this bill protects the innocent victims- the neighborhoods. How is that going to happen? Agents- please send your congress men and house representatives photos of homes you drive by that are BANK OWNED!!!! The bankers spokesperson said that getting the foreclosures into the hands of the banks and out of the homeowners' possession will help with blighted urban neighborhoods and help relieve the judges who are overworked and have too many cases. He also said that this will help the HOA's and keep the houses nice and neat. What a good scam to get you to believe that taking away more rights is somehow a good thing. Governor Charlie Crist would also have to sign this Pro Banker bill if this bill becomes law. He is under a lot of pressure from the populist movement and they are not happy with the bankers right now. This may not be a move he is willing to take to risk the Senate race he is in. The Florida legislature resumes again on March 2. Please get the word out to all the attorneys you know, all the homeowners you know to stop this bill. You never know when you may be in the same situation as these people we are helping to save from foreclosure.
Avoid Foreclosure! Call Nestor and Katerina Gasset for Short Sale Information Today- 561-753-0135 or learn more at Short-Sales-
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To view Florida Short Sales- Click here. We know Palm Beach County Short Sales and Port St Lucie Florida Short Sales and will help you get your home Sold if you need to Sell your home and help you buy your home in Palm Beach County Florida: Call us today.