State Senator Darren Soto and PICO United Florida Fight to Stop Tallahassee Raids on Foreclosure Funds

Ponzi Settle

Soto and PICO United Florida Fight to Stop Tallahassee Raids on Foreclosure Funds

Tallahassee — As a Republican-backed bill speeding up the foreclosure process readies for a committee hearing on Monday, State Senator Darren Soto, PICO United Florida, and housing advocates will hold a press conference to expose the failed attempts of the legislature to provide help for families struggling to keep their homes.  Florida still remains the state with the highest foreclosure rate in the nation.

SB 1666, Mortgage Foreclosures is expected to be heard in the Senate Judiciary Committee at the same time $200 million of Florida’s share from the Nationwide Foreclosure Settlement remains at risk for raids by the Republican leadership for diversion to General Revenue.

“These settlement funds were intended to help desperate homeowners hold on,” said Sen. Soto. “They were not intended as a ‘help yourself’ pot of money for lawmakers to raid in Tallahassee. It is essential that these funds go to families harmed by foreclosure and that we use the money to lead our great State out of this prolonged crisis.”

The press conference will be held on Monday, April 8th, at 11:30 AM outside the Senate Chambers, 4th Floor Capitol.

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4closureFraud.org

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