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Why sloppy foreclosure process could ruin Florida
St. Petersburg Times ^ | 10/3/2010 | Robert Trigaux

Posted on 10/04/2010 7:35:15 AM PDT by Chunga85

There's no polite way to put this. A growing cancer is infecting the backlogged legal process of foreclosing on hundreds of thousands of homes in Florida.

It's endangering the legal and economic stability of this state. And it's exposing an appalling lack of leadership, first for allowing such a breakdown in the legal system and, now, for failing to own up to this mess and get it fixed.

How bad is it? Laws governing who actually owns a foreclosed home are becoming so suspect a new buzzword is emerging: blighted titles. Even the tepid rebound of Florida's economy may face crippling delays in resolving hundreds of thousands of foreclosures in the Sunshine State.

What's wrong? The accuracy and truthfulness of an immense flood of legal documents and affidavits some lenders and their hired lawyers use to foreclose on homes have come under such critical attack that some major banks are suspending their court cases pending internal reviews.

(Excerpt) Read more at tampabay.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: defaultswaps; foreclosure; foreclosurefraud; foreclosuregate; mortgage; rocketdocket; title
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To: Chunga85

> I don’t have a left-wing bone in my body but I’ll tell you this...I’m going to need a bottle of “No-Doze” before heading to the ballot box. I can’t figure out who to vote against.

Oh brother, do I ever hear ya. If it were up to me I’d toss everyone in government OUT and replace them with random people picked from a pool of those who had successfully made it in the Real World[tm] working for at least 10 years.

It’s gotten to the point where the political machines have taken over, and you either have to be an entrenched bureaucrat, or a multi-millionaire (or both) to be able to win political office.


61 posted on 10/04/2010 1:58:18 PM PDT by VictoryGal (Never give up, never surrender! REMEMBER NEDA)
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To: listenhillary

Wow, these corrupt sons of b!tches need to be refitted with orange jumpsuits, immediately.

How is it these people are not getting arrested????


62 posted on 10/04/2010 2:00:09 PM PDT by VictoryGal (Never give up, never surrender! REMEMBER NEDA)
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To: VictoryGal
Lots of $$$$$$$$$$$$$$$$

And Judges like this one who have been bribed

snip>

A Palm Beach County judge ruled in favor of law firm Shapiro & Fishman today, saying the state attorney general has no power to subpoena or investigate law firms.

Judge Jack S. Cox quashed a subpoena filed by the attorney general seeking information regarding Shapiro & Fishman's forelcosure-related practices.

Cox said it is the Florida Bar's responsibility to investigate law firms, not the attorney general.

snip>

blech!

Florida's AG is McCollum (R) FWIW

63 posted on 10/04/2010 4:18:20 PM PDT by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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To: Chunga85

That’s outrageous , the bar ISN’T an arm of the government.. If I were the AG I’d have the judge reprimanded and publicly do something to effectively demonstrate that the AG does have the power and authority to perform an investigation.


64 posted on 10/04/2010 5:59:33 PM PDT by Neidermeyer
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To: Neidermeyer

Interesting. There may be a market for purchasing those properties subject to the existing debt.


65 posted on 10/04/2010 10:34:29 PM PDT by Defiant (Liberals care more about the Koran than they did about Terri Schiavo.)
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