Attention Attorneys and Advocates:
The Florida Legislature is in session until April 30th. There are a variety of bills pending in the legislature which threaten to dramatically change the practice of consumer law and would eliminate homeowner and consumer rights.
The bankers, the foreclosure mills and other wrongdoers are lobbying Tallahassee hard and they absolutely will get some kind of legislation passed….if every one of us doesn’t act now to do something about it.
Subject to confirmation of the date, we will have a rally on the Capital. The date is tentatively set for Wednesday April 21, but it may be April 19 or 20 if those days would be more effective given committee schedules and other considerations.
Please mark your calendars now and please put forth this extra effort of service to our profession, our courts and to the citizens of the State of Florida. As attorneys, we took an oath to defend the Constitution, the citizens and our courts. These are all under attack and we are all duty bound and obligated to rise up and defend them.
In Tallahassee, we will meet with our local representatives and with the leadership of both houses. Our message is clear and distinct….
The very core source for our economic implosion and fuel for the “bubble” was FRAUDULENT LENDING by the banks. Forensic loan auditors from across the country agree that basically, 70% of all loans originated between 2003 – 2007, were FRAUDULENT, and/or contained UNFAIR and DECEPTIVE BUSINESS PRACTICES BY THE LENDERS.
The “regulators” (our government paid for by the taxpayers,) knowingly allowed this FRAUD to exist and flourish. Look closer at the OTS and “regulator shopping.” The FDIC is also in the REO disposition business aside from “regulating.” These are but just the tip of the iceberg of a few examples of aggregious conflicts of interest.
Homeowners in foreclosure should sue (by the millions) the lenders, and utilize discovery throught the court to prove this fraud was perpetrated on not only the homeowners, but the investors who unknowingly bought the toxic pools of mortgages.
The servicers profit by the foreclosures in REO disposition and by draining the remaining income streams from the revenue streams of the performing mortgage payments. This directly pays for increased default revenues from the deficient non-payments (by those in foreclosure) directly back to the servicers via the “pooling and servicing agreements” of the MBS (mortgage-backed securities.)
The servicers, in essence, are the “middlemen” of the scam and were also the wholesalers and securitizers of the fraudulent loans. All involved knew EXACTLY what they were doing.
These “middlemen” also recieved TARP money from CONgress at the further expense of the TAXpayers.
Sue, investigate, and prosecute now, or our children will be poor no matter their level of education and hard work in the future. We in America are becoming a croney driven fuedal state and two class society. The middle class will become non-existent.
This is not a representation of an emerging socialist state, but more appropriately, that of a corporo-fascist state where government and corporations prosper unfairly at the detriment of its citizens.
Sound familiar in 2010?
Rob Harrington
crharrington@cox.net
National WAMU Homeowners Support Group
[…] if you can, Join Us for our “Rally in Tally” (Tallahassee) tentatively set for April 21, 2010 to meet with our local representatives and […]
Our local rep here in Sarasota is Doug Holder. He is Vice Chair of the committee that is voting the ‘Relief Bill’ on the 12th. I have emailed him and friended him on facebook…he has not responded any questions. He is a Republican. He is a Real Estate Broker by trade (i believe) Please email, call, friend him on facebook and plaster his wall????!
http://www.facebook.com/profile.php?id=1502355332&ref=ts
Doug.Holder@myfloridahouse.gov
Representative Doug Holder
District 70
8486 S. Tamiami Trail
Sarasota, FL 34238
(941) 918-4028 Office
(941) 918-4030 Fax