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Updated: 9:25 PM Feb 9, 2010
Foreclosure Protection
Protection for people facing foreclosure is being championed in Tallahassee. State Senator Dave Aronberg is filing legislation to guarantee a judicial hearing before a bank takes a homesteaded property back.
Posted: 9:25 PM Feb 9, 2010 Help For Foreclosure Victims |
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Protection for people facing foreclosure is being championed in Tallahassee. State Senator Dave Aronberg is filing legislation to guarantee a judicial hearing before a bank takes a homesteaded property back.
The bill would also require a “good faith effort” to attempt a loan modification.
Aronberg says he filed the legislation to counter a Republican led effort to allow banks to foreclose without a hearing in front of a judge.
“This bill is to level the playing field. It is a homeowner’s bill of rights and it preserves the right of access to the courts for all Floridians.
The legislation would require a reappraisal of property in foreclosure to encourage banks to lower loan amounts based on newer property values which are often lower than the price of the land when the loan was originated.
Latest Comments
My wife and I were making good money.Adopted 2 children.I had a severe heartattack,2months later my wife has breast cancer.we were making our housepayments every month for 12 years.We talk to BofA for a loan mod.They said to pay 566.00 for 3 months and we will send you a packet to fill out.WE did what was agreed upon,but no packet.recieved a phonecall from bank of America and they stated we are going to start foreclosure.At that point we had to get a attorney to fight this foreclosure. I feel the people should get there day in court,DUE PROCESS,And the banks should stick to there word.
The banks should be partners. When the property value was high, they agreed to the loan. Now that the value is low, they refuse to refinance, letting the borrower face financial ruin. They should be mandated to refinance the original value regardles of current value - they tollerable for the borrower?
Good for the government. Finally, trying to do something about all the foreclosures. It's definitely tough for those that bought at the peak of the market. There are some ridiculous deals out there right now. I've seen a bunch being sold for practically nothing.
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Help For Foreclosure Victims
