Comments | the_recession: Florida’s High-Speed Answer to a Foreclosure Mess

nebris in the_recession

Florida’s High-Speed Answer to a Foreclosure Mess

Sep 04, 2010 20:37

From The NYTSeptember 4, 2010 ( Read more... )

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Comments 6

rhonan September 5 2010, 04:50:08 UTC

Why does anyone act as if this is news? Courts only exist to allow the rich to steal from the workers. The only part that is remotely newsworthy is that here they are not trying to hide that basic fact.

kayjayuu September 5 2010, 21:51:46 UTC

Well, actually, a personal story of triumph in Florida -- albeit rural Florida.

I faced foreclosure a few years ago, only the mortgage company that had bought my mortgage was trying to claim our entire 80 acre parcel, instead of the house and five acres that the mortgage was on. The original company that had refinanced our mortgage would not do a mortgage on more than that, so the additional 75 acres were free and clear and ours. We had subsequently sold 15 acres to a neighbor, so... the foreclosure factory out of Orlando was claiming not only our free and clear land, but land that belonged to someone else.

I represented myself in the hearing, coming armed with all my paperwork and plats. The judge -- a circuit judge -- became really pissed that the foreclosure attorney (attending via phone) kept insisting their claim was the entire 80 acres, despite all of my paperwork ( ... )

underlankers September 5 2010, 21:53:02 UTC

^This. We've forgotten the whole "so that the strong do not oppress the weak" thing that dates back to Hammurabi.........

peristaltor September 5 2010, 22:39:43 UTC

Nah. Courts simply defer mostly to the most prepared litigants. Those with the most money to spend on representation (like banks) have the advantage. Someone with no money to spend gets screwed.

Working for years for attorneys taught me that simple rule. Most of my time, BTW, was working for a firm specializing in representing banks on foreclosures. It was interesting.

Florida Mortgages. Its a mess... danastos555 September 5 2010, 20:48:00 UTC

The banks caused this huge mess with easy financing in early 2000. Heloc loans help lead to of the greatest disasters in American history. Its a shame but as capitalists you have to roll with the punches.

Mortgage Notes For Sale

Mortgage Mess danastos555 September 5 2010, 20:49:47 UTC