Have you spent any time in Florida dealing with real estate?
You are obviously not too interested in understanding the larger problems involved for the banks now that they can no longer ram foreclosures through the rocket docket courts in Florida.
For every dollar of remaining value in a property that is the underlying collateral for a mortgage in Florida, most of the mortgages themselves were assigned to Securities and sold to third parties.
I work for the third parties, and those who would like to purchase these mortgages from third parties.
These fraudclosure mills are destroying the CRE and RRE market in FLorida for decades here, (and this does not include anything to do with the prior deadbeat mortgage owner you want to villify)... it has to do with clear chain of title and proper conveyance of title to the mortgage backed securities going forward.
The banks can no longer protect themselves by using fraud in the courts, YOU and I, as taxpayers, are now holding something like 250-450 Billion in RMBS, CMBS and other instruments on F***ed mortgage notes in Florida alone.
The Fed, the US taxpayers, and the third parties holding these securities will NEVER get paid back if there isn’t a proper accounting of chain of title, and the FLorida AG is now committing outright political land theft unseen since the carpetbaggers stole Georgia during Reconstruction, and you’re on FR complaining about penny ante BS regarding schmucks in Florida who bought too much house during the bubble.
Take some time to expand your view of the crisis and try to look at it from an angle besides street corner common sense,
I am just as pissed about the people gaming the system in the rocket docket courts over paperwork issues, I’m sitting on a huge loss on my first home purchase in FL, feeling like a sucker.
That anger needs to be directed all the way up the food chain to the big dogs and the whore politicians doing their bidding, in this case Gov Scott and AG Bondi.
Yeah, you're angry; we can tell, because you're blindly lashing out.