Fraud No Impediment to Foreclosure, Florida Lawmakers Decide

[marmar]

via truthdig:


Fraud No Impediment to Foreclosure, Florida Lawmakers Decide
Posted on May 8, 2013


Legislation passed Friday in Florida “prevents a homeowner who loses a foreclosure case from recovering the property, even if the bank’s actions are later determined to be fraudulent,” the Sarasota Herald-Tribune reports.

An estimated 352,890 foreclosures are languishing in the court system statewide.

Republican state Sen. Nancy Detert has little sympathy for homeowners caught in the fraudulent robo-signing scandal. Although banks committed wrongs in falsifying foreclosure documents, she says, they did so only in cases in which homeowners were already behind on their mortgage payments.

“People are victims of fraud, the fraud was the bank robo signing, but those people were already in default on their loans so they had not made their payments,” Detert said. There was no indication in the article published by the Herald-Tribune that Detert believed banks should be punished for fraud. ......................(more)

The complete piece is at: http://www.truthdig.com/eartotheground/item/fraud_no_impediment_to_home_loss_florida_rules_20130508/

[hobbit709]

1. Gee! I wonder who owns her in fee simple?

[Egalitarian Thug]

2. Another day in Floriduh. b/t

[SamKnause]

3. Fraud

Eric Holder seems to agree with her.

Too big to fail.
Too big to jail.
Too big to prosecute.
Too big to regulate.

Corruption is the norm and it appears the majority of businesses operate outside the 'law'.

Is it possible that businesses that operate within the law will be prosecuted ?

The government of this country sickens me !!!!!