Below is an email that was forwarded to me from Florida House Representative George R. Moraitis, Jr.
It seems that he is more concerned that our judiciary become an auction house instead of a place where constitutional rights and due process of law is upheld.
He suggests “expediting cases in which there are no legitimate issues which should prevent the lender from receiving or selling the property on account of the borrower’s default.”
Well, I guess he has not read the national news lately, because from where I’m sitting, I have not seen one case that DID NOT have “legitimate issues”, ie lack of standing, no causes of action, induced default, false placed insurance, bogus loan mod offers, escrow manipulations, robo-signing, false affidavits, defective assignments, fabricated notes, manufactured allonges, forgery, false notary, fraud on the court, perjury, you know, felonious acts…
Not paying a mortgage is NOT illegal, what the banks are doing to seize property IS.
Anyone who would like to write a response and have it posted on 4closureFraud just let me know by contacting me through the contact form…
Or if you would like to call or write him directly, his contact information is below…
I think he could use the input.
From the email…
From: “George Moraitis Jr.”
Subject: Foreclosure Reform
I have recently been elected to the State legislature and we are working on reforms to improve the foreclosure system in Florida. The vast majority of the homes presently in foreclosure have no equity and there is no dispute that the borrower is failing to make any payments towards the balance of the mortgage. We have obtained input from the Florida Bar Real Property Probate and Trust Law section and I would also welcome your input on what we can do to improve and reform the system.
The goals would be to protect owners who have a legitimate property interest (equity) or who are being mistakenly foreclosed while expediting the cases in which there are no legitimate issues which should prevent the lender from receiving or selling the property on account of the borrower’s default.
While it is important that we are compassionate as a society, allowing non-paying owners to occupy a property for extended periods with impunity or even collect rental income from the property should not be goals of the judicial foreclosure system. Although there is plenty of blame to go around in the making of these loans, ultimately everyone understood that there was an obligation to pay for the property as a condition of the benefits of ownership. I respect and share the desire to help those in need, but this is a charitable impulse which should not be shouldered by the lenders without their consent through the manipulation of the legal process. I understand that we as the taxpayers have helped the banks from failing and clearly there are needed reforms to our banking system, but this intervention by the government to protect the economy did not relieve borrowers from the obligation to repay their mortgages. In fact, the failure by borrowers to repay their mortgages only exacerbates the problem. I am certainly not defending bonuses paid to bank executives or dividends given to shareholders in the wake of this crisis, but I do not agree that non-paying borrowers should be entitled to profit from the government’s intervention either.
One suggestion might be to allow lenders a more expedited foreclosure where it can be demonstrated that there is no equity in the property, no payments are being made and the bank agrees to waive the right to a deficiency judgment.
As stated, I welcome and value your input. My phone number is below and I look forward to hearing from you.
Again, anyone who would like to write a response and have it posted on 4closureFraud just let me know by contacting me through the contact form…