Trust the banksters . . .
we think not!
Florida Homeowners Beware!
The proposed Florida Fair Foreclosure Act, at first glance, appears to be fair for homeowners.
But watch out; it is actually only meant to be fair to the banks. The Act allows banks to rapidly and without supervision steal homes right from under the homeowners feet.
No more surprises!
The Act’s promising start begins with provisions requiring notification in BIG and bold letters informing borrowers and tenants that they are in danger of losing their home.
Show me the note! The Act also requires the bank to actually be the owner and holder of the mortgage and note at the of filing the lawsuit and to attach such note to the complaint. Seems like common sense, but given the vast amount of improper foreclosures I guess it was about time to spell out the requirements of existing law that has not changed in 100 years.
Injustice, give me due process!
After a seemingly homeowner named Act, false alarm, the banks win yet again. Hidden within the Act is a provision permitting banks foreclosure on homes without using the judicial process. As if banks did not have it easy enough before, the Act effectively speeds up the bank’s ability to throw people out of their home without due process of law.
Homeowners, stand your ground!
There is no justice for homeowners with non-judicial foreclosure. Of course a homeowner could consent to use of this procedure, but regardless, the Act makes foreclosing on homes as easy as 1, 2, 3 by allowing judicial bypass if: