Supporting, Informing & Connecting People in Foreclosure

ALERT – Florida Banksters Move to Dramatically Speed Up the Foreclosure Process by Changing Florida to a NON JUDICIAL STATE

If bankers get their way, Floridians facing foreclosure could be kicked out of their homes in as little as three months.

• Non-judicial foreclosures must conclude in no less than three months and no more than a year. Most Florida foreclosures take a year to 18 months to work through the courts these days, longer if a lawyer fights a successful rear guard action. So in 90 days banks can theoretically auction the home out from under you.

• The Florida Supreme Court’s newly endorsed mandatory mediation for lenders and homeowners would effectively go bye-bye. The bill provides only for informal meetings between creditors and debtors.

• Even after homeowners are evicted, banks can still pursue them for unpaid mortgage debt. But banks will waive that right if homeowners avoid trashing or stripping the house before the new owner takes over.

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Comment by Alina on January 30, 2010 at 4:08pm: L -

Count me in.

Comment by Muckle on January 30, 2010 at 2:30pm: IT'S ALL ABOUT THE CONSTITUTION, FORGET FLORIDA LAWS. DEMAND THAT THE FLORIDA JUDGE'S DIFFER TO THE CONSTITUTION. NO STATE IS SOVEREIGN. HELP TO DEFEAT THE 11TH AMENDMENT WHICH RECOGNIZES STATES RIGHTS TO DO WHAT THEY ARE UNLAWFULLY DOING. Lisa had the foresight of addressing the issue of the unconstitutionality of judicial and non-judicial foreclosure states in the motion to add your names, don't you just love her foresight? She edited that part in even before the alert came about Florida's intentions. Let's defeat the 11th Amendment, SIGN THE PETITION

Comment by Muckle on January 30, 2010 at 2:19pm: L; you can count me in.

Comment by L on January 30, 2010 at 1:41pm: We are formulating plans and setting up a teleconference call for next week. All interested in defeating this encroachment on our Constitutional rights please consider participating.

Comment by Muckle on January 30, 2010 at 10:51am: This a perfectly god reason why we have to get federal intervention in these matters. The U.S. Constitution is being desecrated by States, using the Eleventh Amendment of State's sovereignity to hide behind. We MUST get federal intervention in the matter quickly before the States are allowed to completely dismantle the Constitution and take all of our properties.
Please let us get the federal Petition OUT. It is our only chance to get attenon to what's going on in our yards

Comment by Alina on January 29, 2010 at 6:33pm: from the Florida Banker's Association Comments to the Florida Supreme Court filed September 30, 2009:

“It is a reality of commerce that virtually all paper documents related to a note and mortgage are converted to electronic files almost immediately after the loan is closed. Individual loans, as electronic data, are compiled into portfolios which are transferred to the secondary market, frequently as mortgage-backed securities.
The reason “many firms file lost note counts as a standard alternative pleading in the complaint” is because the physical document was deliberately eliminated to avoid confusion immediately upon its conversion to an electronic file. See State Street Bank and Trust Company v. Lord, 851 So. 2d 790 (Fla. 4th DCA 2003). Electronic storage is almost universally acknowledged as safer, more efficient and less expensive than maintaining the originals in hard copy, which bears the concomitant costs of physical indexing, archiving and maintaining security. It is a standard in the industry and becoming the benchmark of modern efficiency across the spectrum of commerce—including the court system.”