More Florida Companies Try to Cancel Mortgage Debt with Lawsuits

More Florida companies try to cancel mortgage debt with lawsuits

More companies are jumping into the land trust business.

At least two new firms in Florida are trying to cancel mortgage debt with lawsuits that lenders call “baseless” and “nonsensical” but that some borrowers say are their last chance at keeping their homes.

The companies, including one with a Jupiter address, are in addition to the Fidelity Land Trust Company that opened last year in Boca Raton. Together, they have filed scores of lawsuits statewide and collected hundreds of deeds from homeowners, who are typically solicited by phone because they have underwater mortgages.

And desperate borrowers are biting.

Rest here…


3 Responses to “More Florida Companies Try to Cancel Mortgage Debt with Lawsuits”
  1. Bobbi Swann says:

    We see frequent posts by Kimberly Miller. I find her reporting to be somewhat blase. In the article it is quoted by a bank attorney that the lawsuits and means of thse trusts are wasteful. Really?! Did she honestly think that any bank attorney or bank representative will come out in print and say Oh yes, this is a great way to screw us (since we already screwed the middle class and robbed them of all their equity)…. Rather naive, don’t you think? Besides which, given the state that most of these homeowner’s are in what is sooo wrong with going in another direction when the only other direction they are headed is in a downward spiral with no good end result? Wall Street planned this out years and years ago, thinking they had an air-tight plan. Well, good for anybody that can navigate over and through their web of deceit and come out on top. Kimberly Miller should be taking her head out of the sand and waking up to reality.

  2. 2 Pirates Over 40 says:


  3. neidermeyer says:

    Decent article ,, and I learned something very valuable ,,, Don’t hire Greg Clark for foreclosure defense…

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