Some Florida Lawmakers want to Repossess Foreclosed Homes More Quickly

Some Florida lawmakers want to repossess foreclosed homes more quickly

Some Florida lawmakers want to tweak a rarely used fast-track foreclosure law to shrink the state’s court backlog and as an end run around Wall Street reforms that may bar nonjudicial foreclosures.

The Senate judiciary committee, which has discussed ways to reduce the average two-year timeline to repossess a home in Florida, is scheduled to meet today in Tallahassee.

Committee member Sen. David Simmons, R-Maitland, said this week that he has drafted a bill that would change Florida Statute 702.10, a 1993 law that requires a property owner to “show cause” why a final foreclosure judgment should not be entered on an expedited basis. The bill isn’t on the agenda yet.

According to a foreclosure report by Senate staff that was presented to the committee last month, bank lawyers haven’t used the law because they believe it is limited to nonresidential property and doesn’t allow for a deficiency judgment to be entered against the owner.

The report also says that the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law in July 2010, puts limits on nonjudicial foreclosures and that adopting a nonjudicial process would require substantial changes to property laws.

Simmons said the Florida Bankers Association asked him to work on a proposal that will help clear an estimated court backlog of 371,000 foreclosure cases. His bill, which would affect current foreclosures, is still being drafted and not yet available online, he said.

“We’ve got to create an expedited method of dealing with this that will take down the backlog where the homeowner has no defenses and is simply waiting it out…

Check out the rest here…

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I haven’t seen ONE fraudclosure where the homeowner has no defenses…

This appears as just another way to STEAL the home…

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4closureFraud.org

Comments
32 Responses to “Some Florida Lawmakers want to Repossess Foreclosed Homes More Quickly”
  1. Reggy says:

    IMHO. It appears there is ONE person in the USA who is the KEY to this mortgage fraud RACKET. the Veterans Administration Loan Guarantee officer in Atlanta. Only because he is a government employee and works for a government agency 180% different then the others. It would appear, the law demands he be prosecuted, for any number of crimes. It appears his prosecution will open up Pandora’s box. It would appear the ‘failure’ to criminally prosecute him, and take this case away from civil attorneys who likely will protect the local attorneys who might be implicated this apparent racketeering enterprise is an ex-post-facto crime unto itself. and those involved in that ‘failure’ are guilty of conspiracy, likely to the crimes themselves. RICO! We need to focus on this case.and demand it be prosecuted criminally by the US Dept. of Justice.. IMHO

    http://www.mbac.org/cms_bwm/uploads/78.pdf

    http://cfr.vlex.com/source/code-federal-regulations-pensions-bonuses-veterans-relief-1087

  2. J. Alonzo says:

    This is not as simple as it sounds folks. yes be careful because our corrupt country will rape & pillage the Sheeple to get the banks what they want. Homes they don’t own. Before this could even take place they would have to change the wording in all mortgage contrast that state THE LENDER WILL SUE YOU IN STATE COURT that cant be changed retroactively . If theyt proceed with this nonsense they take the chance that the supreme court will over tuen it and it will cause a huge mess. It wont happen. What will happen is banks will continue to do fraud!

    • lvent says:

      THAT IS WHY THE AMERICAN PEOPLE SHOULD BE SCREAMING….OFF WITH THEIR HEADS..!!!

    • Igor says:

      The FIX is in! The criminals have infiltrated the judicial system. Elliot Spitzer, our Elliot Ness, was set up. We are drowning in the PUSS. The PUSS is the bought and payed for lawyers, private and govt who are accessories to the crimes. Our nation has been hijacked by Crooks posing as lawyers. Using their law licenses as cover for the criminal racketeering enterprise.

  3. lvent says:

    Bloomberg reporting Deutsche Bank head got sent a mail bomb…

      • lvent says:

        If the link is not working…Google it.

      • Fury says:

        i don’t believe in violence but every banskster needs to be held accountable for their actions.
        they should be afraid. they have stolen millions of homes!!!

      • lvent says:

        and they have stolen trillions upon trillions of our wealth and the robbery continues..unabated…! $7.7 trillion more the sneaks have stolen backed the US. TAXPAYER…I watched the interview tonite with Trump on Piers Morgan..Trump said there is something wrong with the banks..the banks aren’t lending..and that is wha tis wrong with the ecomony….THE U.S. TREASURY IS WHO ISSUES CREDIT BACKED BY THE U.S. TAXPAYER..IT IS THE TRAITORS AT THE U.S. TREASURY WHO WON’T ALLOW MONEY TO BE LENT TO THE AMERICAN PEOPLE..ONLY THE BANKS GET LENT U.S. TAXPAYER MONEY INTEREST FREE BY THE FEDERAL RESERVE…THEY ALL NEED TO BE HUNG..

      • lvent says:

        They are saying to all of us…LET THEM EAT CAKE…I SAY OFF WITH THEIR HEADS!!

      • lvent says:

        IT IS THE U.S. TREASURY WHO HAS STYMIED THIS ECONOMY…THE U.S. TREASURY IS WHO ISSUES CREDIT TO WE THE PEOPLE…NOT THE BANKS….THE DECEPTION IS MASSIVE.!!

      • lvent says:

        THE TREASURY WON’T ALLOW THE BANKS TO LEND TO SMALL BUSINESS OR THE AMERICAN PEOPLE BUT, THE FEDERAL RESERVE IS LENDING THE BANKSTERS TAX-PAYER MONEY BACKED BY THE AMERICAN PEOPLE AT ZERO INTEREST…SO THEY CAN TRY AND COVER THEIR FRAUD..WHICH CAN NEVER BE PAID BACK…….$700 TRILLION IN MORTGAGE COLLATERAL FRAUD..BACKED BY ZERO..THIS IS SIMPLY AN ONGOING ROBBERY OR AMERICA……. WE ARE ALL STILL GETTING ROBBED BY THE SAME DIRTY BASTARDS WHO ROBBED US IN THE FIRST PLACE…!!!!!

      • lvent says:

        Let me rephrase that..It is the U.S. TREASURY WHO ISSUES CREDIT TO THE BANKS…OFF OF THE BACKS OF THE U.S. TAXPAYER…THE U.S. TAXPAYER GENERATES CREDIT AND THE CASH THAT IS CREATED BY THE FEDERAL RESERVE…THE NO CONFIDENCE PART OF THIS LOUSY ECONOMY COMES RIGHT FROM THE U.S. TREASURY DEPARTMENT AND TIMOTHY GEITHNER IS A MEMBER OF THE COUNCIL ON FOREIGN RELATIONS…THEY ARE PART OF THE NEW WORLD ORDER AND HAVE INFILTRATED EVERY PART OF GOVERNMENT AND THEY ARE TRYING TO DESTROY AMERICA……

      • lvent says:

        THE BANKS DON’T LEND ANY MONEY..THEIR CAPITAL REQUIREMENTS, THE CAPITAL BACKING THEIR DEBTS IS NEAR ZERO….IT IS THE U.S. TREASURY AND THE FEDERAL RESERVE WHO DO THE LENDING…OFF OF THE BACKS OF THE AMERICAN PEOPLE…

      • lvent says:

        WE THE PEOPLE ARE THE COLLATERAL…..THE U.N. DECLARED WE ARE ALL HUMAN CAPITAL IN THE 1970’S…AFTER WE WERE TAKEN OFF THE GOLD STANDARD BY NIXON…IT WAS A COMMIE COUP DE TAT….. THE FED AND THE TREASURY ISSUE CREDIT AND CASH…THE BANKS ARE JUST MIDDLE MEN WITH NO SKIN IN THE GAME…THE BANKS ARE THE GOBETWEEN FOR THE FED AND THE TREASURY AND ALL OF US…..AND THE BANKSTERS GET FILTHY RICH OFF OF THE INTEREST WE PAY THEM…ON THE MONEY WE LEND THEM…THE BANKS ARE RACKETEERING WITH THE FED AND THE TREAS..THE BANKS ARE THE ROBBER BARONS FOR THE ELITE AND SO ARE THE GSE’S AND WALL STREET….AND THE POLITICIANS AS WELL..!

      • lvent says:

        WE THE PEOPLE HAVE BEEN GETTING SCAMMED AND ROBBED FOR DECADES..AND IT ALL STARTED WHEN NIXON TOOK US OFF THE GOLD STANDARD…AND THE FED BEGAN ISSUING MONEY BACKED BY THE AMERICAN PEOPLE…THAT IS MONEY ISSUED BACKED BY NOTHING BUT DEBT…THEN THE DIRTY BASTARDS ON WALL STREET SOLD INTERESTS TO INVESTORS ALL AROUND THE WORLD IN OUR DEBT…THAT IS TREASON….WHY? BECA– USE THE VERY SAME CROOKS WHO ISSUE THE CREDIT BACKED BY THE AMERICAN PEOPLE ALSO HAVE THE ABILITY NOT ONLY TO MANIPULATE MARKETS BUT THEY ALSO HAVE THE ABILITY TO SABATAGE THE AMERICAN PEOPLE AND SET US UP TO FAIL…AND GET RICH OFF OUR FAILURE AND THAT IS EXACTLY WHAT THESE TRAITORS HAVE DONE WITH THEIR MASSIVE $700 TRILLION DOLLAR COLLATERAL MORTGAGE DERIVATIVE DEBT BOMB….!!..

      • lvent says:

        An attorney told me early on that the banks can’t understand why we even want these underwater homes…I believe they ALL underestimated us…this is not just about the money though this is the biggest investment some of us have ever made was buying our homes…this is now more about the fact they are just committing all out robbery of our homes to try and steal our country…and WE THE PEOPLE can’t let that happen..If we let these dirty bastards get away with this…we will be a nation of renters who own nothing…and they will have stolen it all under the guise of debt. which is really their debt…They collapsed the economy because they were to broke to pay their bills…..and they owe $700 trillion in collateral fraud…FRAUDCLOSUREGATE is the cover-up for the robbery of America..

  4. lvent says:

    These politicians really need to be investigated for corruption..Blago just got 14 years for what he did..I just saw an interview on WGN, my local news, with John Kass a Chicago Tribune reporter who said two Illinois Governors in a row went to prison for corruption, it is official, Illinois is more corrupt than Louisiana…..Blago will be 67 years old and broke by the time he gets out of prison and that is the message the Judge has sent…..Time to rout these criminal politicians out as well as the Corporate crooks and send them to prison…stripped of their wealth and multimillion dollar pensions…!!

    • lvent says:

      Tony Rezco got sentenced recently as well for fraud and money laundering…funny story, a few months agoe I went o the COOK COUNTY RECORDER OF DEEDS website and lo and behold, they had a TONY REZCO mortgage up there on the screen….that showed as plain as the nose on your face the CONVEYANCE FRAUD…….!!! The big broohaha about Blago all the while, the GSE’s, the banks and Wall Street are still partying on as if they did nothing wrong…and the U.S. GOVERNMENT is allowing them to steal everything from the American people under the guise of too much debt…which is their debt, all derived of massive collateral mortgage fraud….$700 trillion in fraud Wall Street and the GSE’s owe..UNSUSTAINABLE DEBT that can never be repaid no matter how much they are allowed to steal!!!

      • lvent says:

        THE MEDIA IS STILL BLAMING THE HOMEOWNERS…….AND IGNORING THE BIGGEST FINANCIAL COUP DE TAT AND ROBBERY OF THE AMERICAN PEOPLE IN HISTORY BY THE POLITICIANS, THE GSE’S AND WALL STREET….!!!!

  5. Bill says:

    We must understand that their is a clear divide, on one end, are those that want justice,EQUITABLY, reconciliation and PROSECUTION. On the other are those who want to cover up FRAUD, and obstruct justice and .prosecutions. What we therefore we are seeing a great FILTER, where the GUILTY are slowly being exposed as either directly involved in the hugest fraud in all human history, or are accessories to it. Thus, as we know they have no allegiances or honor, they are simply covering themselves, defacto admitting to their own criminal involvement. The truth is, if they fight to cover up fraud, and fight to conceal those guily of it, they are admitting guilt. Who prosecutes AG’s?

  6. To Tell The Truth says:

    Leading U. S. economists: Fla.’s housing market bouncing back

    ORLANDO, Fla. – Dec. 7, 2011 – Despite national and global headwinds, Florida’s real estate market is entering 2012 on an upward trend, according to three leading U.S. economists.

    “Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.”

    In fact, Florida homes today may be undervalued, Tuccillo added. “That may seem like a drastic statement,” he said. “But a buyer who plans to own the home for five to seven years can get some great bargains today.”

    Mark Vitner, senior economist at Wells Fargo in Charlotte, N.C., said the U.S. economy will continue to face significant challenges, particularly financial concerns related to the European debt crisis. But he expects the U.S. economic recovery will continue next year, making it easier for Midwesterners, for example, to buy Florida homes.

    “Florida’s economy is recovering, with tourism and healthcare leading the way,” Vitner said. “International tourism has been particularly strong in Miami and Orlando.”

    Looking around the state, Vitner said Jacksonville’s unemployment rate has dropped and home prices are stabilizing. In Orlando, prices have not yet reached bottom, he said, but the winter tourism season should help the regional economy. Tampa and Southwest Florida have seen solid job growth, with little new home construction.

    South Florida’s economy is growing thanks to trade relationships with Latin America and the Caribbean, while in the Panhandle, Fort Walton Beach is outperforming Panama City and Pensacola, according to Vitner.

    Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”

    Noting the state’s powerful appeal to international buyers, Yun said he was particularly optimistic about the outlook for South Florida. “Don’t be surprised to see a gain in home prices in the Miami and Naples markets in the next 18 months,” he said. “From there, the recovery is likely to roll northward to Central Florida and then North Florida.”

    Tuccillo noted that foreclosed and distressed properties will remain a significant part of the Florida market in 2012, but lenders are feeding these properties into the market at a gradual pace rather than pushing them out all at once.

    The event also featured a panel of Florida real estate professionals, who discussed the 2012 outlook for several sectors of the state’s real estate market from a practitioner’s point of view. Panelists were Clark Toole, president and COO, Coldwell Banker Residential Real Estate Inc. in Florida, discussing residential real estate; Cynthia Shelton, 2009 president of Florida Realtors and a director at Colliers International in Orlando, discussing the commercial market; and Dean Saunders, accredited land consultant and broker-owner of Coldwell Banker Commercial Saunders Real Estate in Lakeland, covering the market for land and undeveloped property.

    Florida Realtors real estate and economic summit was webcast to 32 local association or satellite sites around Florida. “Turnout was high for our statewide event,” said 2011 Florida Realtors President Patricia Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart. “We hope to hold more of these forums on a regular basis – sharing knowledge of market trends is a powerful way for our Realtor members to connect with buyers and sellers.”

    A PDF of PowerPoint slides used during the 2012 Real Estate and Economic Forecast Conference is available on the floridarealtors.org research page.

    © 2011 Florida Realtors®

  7. To Tell The Truth says:

    Can the public taxpayers able to file a class action lawsuit against the banks that received our taxes for bailout and they are still not in jail for what they did to us? Are we really living in America or is this a horrible nightmare that we can wake up from anytime soon? They rob us of our hard earned wages via taxes and then insult us by giving away our blood, sweat and tears taxes to the very robbers of our homes and equity savings. Then they arrest us for trying to bring some justice to all this by denying lawful assembly in our parks that our tax dollars maintain, then they treat us like peasants and serfs while they allow the banks time to research, find, discover, create other strategies to continue to remain free and undermine us and then try to sell our assets to the foreign buyers. What a set up.
    Where are our land of the free and home of the brave? Where are the braves? It’s like 911 that uses our own resources to destroy us…wow…our forefathers are turning in their graves! Our own Florida governor goes to Brazil with a team do business people to attract them to come to Florida and purchase our assets…mm mm…Your thoughts.

  8. Yvonne says:

    Is it to be assumed that these lawmakers are not homeowners? Or have family members that are not homeowners? Or all owned their homes debt free with enough cash on hand or in the banks to assure them that they will never need to have a mortgage? Interesting.

  9. lvent says:

    FRAUDCLOSURE=CORRUPTION…!

  10. lvent says:

    People who have had their homes stolen because of unemployment or underemployment should sue…it was a NWO set up..and the politicians are complicate…Rod Blago just got 14 years for bribery…yet these politicians and Wall Street criminals have stolen trillions of dollars and homes from the American people..no criminal prosecutions…WAKE UP AMERICA!!!! The only reason Blago got in trouble was because he stepped on too many toes and did things for the people…A reporter from the Sun Times spoke the TRUTH when he said, let what happened to Blago be a warning to ALL POLITICIANS WHO ARE TAKING MONEY ON THE SIDE!!!!!

  11. lvent says:

    Sure they want to steal homes quicker!! The foreigners are waiting in the wings to BUY UP OUR STOLEN HOMES….BLOOMBERG WAS JUST INTERVIEWING A FOREING F__KER who said they are trying to come up with new ways to package up the SHADOW INVENTORY…A NICE PHRASE FOR THE STOLEN HOMES OF THE AMERICAN PEOPLE…AND SELL INTERESTS IN OUR STOLEN HOMES…..!!!
    WAKE UP AMERICA…… STOP CONFORMING AND COMPLYING…FIGHT THAT FRAUDCLOSURE!! DONT LEAVE YOUR HOMES!!

  12. lvent says:

    FILTHY DIRTY TRAITORS! THROW THEM OUT AMERICA!

    • lvent says:

      TIME TO HEAD TO THE STATE CAPITALS WITH TORCHES AND PITCHFORKS!!! THE U.S. TAXPAYER HAS PAID FOR EVERYTHING IN THIS COUNTRY INCLUDING THE $7,7 TRILLION DOLLAR SECRET BAILOUT TO THE FOREIGN OWNED BANKS BY THE FED….AND THE FED SAYS… CONGRESS KNEW ALL ABOUT THE SECRET BAILOUTS!!!! THAT IS WHAT BLOOMBERG REPORTED TODAY….!!

  13. Pamela Edwards says:

    Of course they want to do anything they can to speed up the process and screw the homeowner quicker and better.Sounds like they are trying out a new business model.Wow and just when you thought things could change for the better.

  14. DT says:

    And when exactly are you up for re-election ???!!

    • Bobbi Swann says:

      “Simmons said the Florida Bankers Association asked him to work on a proposal …” more like the Bankers Assn. PAID him off to get them off the hook even more. I will lay odds that Simmons now has a foreign bank account somewhere! They are all ba$tards, the whole lot of ’em! Flori-duh is just a viper pit of deceit and deception…not one politician here has any backbone to represent the people of this state! C’mon Matt, time to get in !!!!

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