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Florida House Representative George R. Moraitis, Jr. Values Your Input on Expedited Foreclosures and Goals for the Judicial System

Below is an email that was anonymously forwarded to me from Florida House Representative George R. Moraitis, Jr.
It
seems that he is more concerned that our judiciary become an auction
house instead of a place where constitutional rights and due process of
law is upheld.
He suggests "expediting cases in which there
are no legitimate issues which should prevent the lender from receiving
or selling the property on account of the borrower’s default."
Well,
I guess he has not read the national news lately, because from where
I'm sitting, I have not seen one case that DID NOT have "legitimate
issues", ie lack of standing, no causes of action, induced default,
false placed insurance, bogus loan mod offers, escrow manipulations,
robo-signing, false affidavits, defective assignments, fabricated
notes, manufactured allonges, forgery, false notary, fraud on the
court, perjury, you know, felonious acts...
Not paying a mortgage is NOT illegal, what the banks are doing to seize property IS.
Anyone who would like to write a response and have it posted on 4closureFraud.org just let me know by contacting me through the contact form...
Once I get all of the responses I will combine them into one post and have it sent to his office.
If you would like to call or write him directly, his contact information is below...
I think he could use the input.
From the email...
From: "George Moraitis Jr."
To:
Subject: Foreclosure Reform
I
have recently been elected to the State legislature and we are working
on reforms to improve the foreclosure system in Florida. The vast
majority of the homes presently in foreclosure have no equity and there
is no dispute that the borrower is failing to make any payments towards
the balance of the mortgage. We have obtained input from the Florida
Bar Real Property Probate and Trust Law section and I would also
welcome your input on what we can do to improve and reform the system.
The
goals would be to protect owners who have a legitimate property
interest (equity) or who are being mistakenly foreclosed while
expediting the cases in which there are no legitimate issues which
should prevent the lender from receiving or selling the property on
account of the borrower’s default.
While
it is important that we are compassionate as a society, allowing
non-paying owners to occupy a property for extended periods with
impunity or even collect rental income from the property should not be
goals of the judicial foreclosure system. Although there is plenty
of blame to go around in the making of these loans, ultimately everyone
understood that there was an obligation to pay for the property as a
condition of the benefits of ownership. I respect and share the desire
to help those in need, but this is a charitable impulse which should
not be shouldered by the lenders without their consent through the
manipulation of the legal process. I understand that we as the
taxpayers have helped the banks from failing and clearly there are
needed reforms to our banking system, but this intervention by the
government to protect the economy did not relieve borrowers from the
obligation to repay their mortgages. In fact, the failure by
borrowers to repay their mortgages only exacerbates the problem. I am
certainly not defending bonuses paid to bank executives or dividends
given to shareholders in the wake of this crisis, but I do not agree
that non-paying borrowers should be entitled to profit from the
government’s intervention either.
One
suggestion might be to allow lenders a more expedited foreclosure where
it can be demonstrated that there is no equity in the property, no
payments are being made and the bank agrees to waive the right to a
deficiency judgment.
As stated, I welcome and value your input. My phone number is below and I look forward to hearing from you.
Sincerely,
George
George R. Moraitis, Jr.
Moraitis, Cofar, Karney & Moraitis
915 Middle River Dr. Suite 506
Fort Lauderdale, FL 33304
(T) 954-563-4163
(F) 954-563-5913
Again, anyone who would like to write a response and have it posted on 4closureFraud.org just let me know by contacting me through the contact form...
All responses received will be posted later tonight and forwarded to his office.
On a side note, what I find the most interesting about this gentleman is that he processes distressed home sales
through his law firm. So is he really concerned for the banks and their
interests or his own?
~
4closureFraud.org
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People the Governor of Florida's company (not him personally as he loves to espouse) committed Medicare fraud to the tune of a billion dollar fine. Yes, that was the fine. Of course he did not go to jail.
Justice is a fallacy and anyone that wants it is dumb. Game players :
there is no "law" anymore there is only knowledge of how the law is no longer working. I am a lawyer and that is the simplest way I can put it.
Heard an ad on the radio this afternoon from a law firm asking people who are in foreclosure to contact them. It was fairly lenghty, telling people if they thought the appraisal process or the qualifying process was deceptive, or the loan terms were ridden with mines, they have a good chance in winning their case. Great! let them duke it out on all levels, cities, states, federal. And may the bleed from lawyer fees leave the banks stone dead. Amen.
The answer to the crisis is simple. Let the deadbeats keep the houses and throw out the bankers.
This tool passed the Bar? Was it the Villanova bar exam becasue he has absolutely no regard for due process. The Law is supposed to blind. It's supposed to be an ass. It's this way to protect small against the big. If, as he is proposing, big wins because it's expedient then the courts serve no purpose other than suppresion of basic rights. That's a slippery slope that will not serve big or small well in the end. At the end of that slope is anarchy.
Trying to back up the arguement with the statement that people are making money by renting these properties out is close to a strawman arguement. How many people are actually doing this. My guess is a very small percentage.
So to sum up George "can't crack a realistic smile becasue I am a sociopath" Maratius, you are a tool. A scumbag. A brain dead, bankers toady, criminally inclined, stupid idiot.
Not paying a mortgage is NOT illegal, what the banks are doing to seize property IS.
Bingo! Is this toad aware Banks are committing systemic fraud on a national scale or was this tool just born yesterday
Fuck You George Moron !.....Blaming the homeowner is not going to work this time......Follow the law....The banks broke the law
Robo-Judge wannabe. The Judicial System is at fault here too. The Judges should be given the once-over for pre-judging the case before its even heard.
whos the opposition to this guy
whos the opposition to this guy
these guys could be www.nationalfraudconstable.net
"...One suggestion might be to allow lenders a more expedited foreclosure where it can be demonstrated that there is no equity in the property, no payments are being made and the bank agrees to waive the right to a deficiency judgment..."
In other words, "stop squirming, be a good little mouse, and go into shock so the snake can gobble you up, it won't hurt..I promise."
"...One suggestion might be to allow lenders a more expedited foreclosure where it can be demonstrated - who the owner actually is and that it was in fact the owner who initiated foreclosure."
In how many instances is this actually the case?
Ummm - what you are calling "technicalities" are not that. Sorry. And since you are a fucktard, I must inform you that people are not getting free houses. Is the house "free" if you are stuck in an "interest only" (yes interest only) loan? No. Is the house free if you put over $200k cash into it? No. You clearly do not understand what is going on with industry. No one is getting a "free" house. You are clearly a fucking idiot. Keep propping up that fraud. Go ahead. Your house value is still going to plummet at this point. And the big boys are not paying the commercial mortgages at all. I hate listening to simpleton idiots. You sound like a Sara Palin person....keep that up. And you would be a shit CEO because the big boys are defaulting and reworking all over the place and taking taxpayer funds to play their little game and still make lots of money. Have fun drone.
Did that picture stretch or is his face...
Eeuuuhhh.... If I sell something to somebody or if give a loan to somebody and he doesn't pays me back...
legal or not : I'LL KICK HIS ASS TO THE MOON AND BACK!!
If I sell something to somebody or if give a loan to somebody and he doesn't pays me back...
There is a fundamental, insidious and critical difference between your loan and a lender's loan. Your loan came from your savings. Your savings comes from your production. Therefore production = money. Your money is a representation of the wealth you created through hard work (delivering good/services of value to the marketplace, we hope).
The lending crisis stems from loans made from a fractional reserve system. Lending out 40x what was held in reserves wiping out those reserves (savings).
In the lender's case, the loan was "conjured" up, the wealth "invented". That is a distinction worth studying because your investments are dissimilar to the trillion dollar mortgage banking industry (I was in that industry for 12 yrs).
I would read "How an Economy Grows and Why it Doesn't" By Irwin Schiff if you could get your hands on it. His son Peter Shiff reinveted the book recently and called it, "How an Economy Grows and Why it Crashes" (same contents Im sure).
No twot. You would have perfected your security interests and protected your rights. If you take your position, everyone should just "self help" with guns and then we will back in the wild wild west. And we all know what type of world that would be don't we? Not really fun at all You don't understand the true issues of this problem and it is not as simple as you make it. No it is not. Further, no one - no one is discussing the huge shadow inventory that is artificially propping up prices and precluding corrections. But it is impossible to fix a fraudulent system when people like you talk. Impossible. But this problem is not going to be litigated away or legislated away. The nice giant private lawsuits that have already been filed and that no one has really heard about because they don't pay attention are uncovering massive fraud at the highest of levels. I guess most in this country are just dumb.
And if you loan someone money, then you sell your loan to someone who sells it to someone else who sells it to someone else and then the loan gets sold to two different people after that - then what happens? I will tell you because that is happening now - the two people at the end are FUCKED and no, you can't correct going backwards. That is a nutshell of what is happening now. Banks don't own this shit anymore. Banks don't make loans and then hold them moron. That was in horse and carriage days.
Fortunately it won't matter to me how much people insult me or junk me here. In the end losers and deadbeats will not be able to grift the rest of us into giving them a free house. Pay your mortgage and there won't be any problem. I pay mine and no one is hassling me about my mortage nor trying to take my house. Strange how that works, isn't it?
Fortunately it won't matter to me how much people insult me or junk me here.
You will when you get the memo or when the lightbulb goes off in your head. This is not a deadbeat issue at all. Alot of people want to be productive, valuable members of society, pay their bills with pride and flourish/prosper. This isn't about a desire to be a deadbeat. This is about the utter collapse in the banking system and the blatant disregard for real investors and rewarding savers with false credit.
The entire US economy was artificial after 9/11 and post the 3/00 Nasdaq crash with floods of liquidity giving rise to the real estate book. Totally artificial. That means it wasn't supposed to exist. Interest rates were artificially forced low distorting real estate valuations. Many people bought into the "housing market" including myself. I put 50% down, lost all my so called "equity".
Housing is a liability, not an asset. Thats why previous ZH articles (Like Reggie Middleton's) talk of banks actually walking away from foreclosing because the expense outweights the return.
If the fiat currency wasn't supposed to exist in the first place through fractional lending then there is no credit/money/verifiable debt on the house. THAT is the true problem that needs to be solved first. An identification of who, what, where, why the source of the capital for that new home. You won't find any real money behind it.
Next is the securitization, which was already sold off at least once thereby complicating WHO really has an interest in the debt (like the above poster pointed out).
Someone on bloomberg radio earlier said that if we default we can't create new jobs. That is false. The only way we can create new jobs is by defaulting on imaginary debt obligations that never really existed in the first place. Sure the debtor is on the hook for signing something he borrowed, used, spent, consumed, but he can't possibly create wealth (savings, production) in the face of a constant erosion of wealth. It is just not possible because it will cost you much more to produce any good/service than you can charge/receive for it. Inflation/hyperinflation in the face of deleveraging.
Essentially, it costs you more and more to receive less and less. Total distortion.
That is Reggie's point on how/why banks are walking away from houses instead of foreclosing.
The problem keeps getting bigger and bigger every day or it becomes more clear to me each day and it is frightening.
It would take the first (Chase) on my house 10 yrs to foreclose.
Well spoken. +1
the key is the vast majority of homes have no equity and there is no dispute that the borrower is failing to make any payments. We really don't like it when people wiggle out on technicalities. Fortunately that is fairly rare in the courts. Thinking that you are going to get a house for free because the paperwork is messed up is just trying to get off on technicalities and try to get something for nothing. I make my housing payments on time. We would get through this a lot faster and real estate could put in a base a lot sooner if we get this foreclosure crises behind us. I suspect most Americans would not support a solution that allows people to get a free house because of technicalities, because in the end all of us pay for it In fact Rick Santelli started the tea party with his rant and rhetorical question about whether or not American's want to have their money taken from them to pay for houses so deadbeats can stay in them. Fuck off deadbeats and hit the road. You are not getting a free house because the paperwork is missing. YOu know you signed for the loan. YOu know you are not paying your mortgage. That is all I need to know.
I suspect most Americans would not support a solution that allows people to get a free house because of technicalities, because in the end all of us pay for it
Keep paying your mtg. I'm working on getting my free house. $600,000 in mortgages planned to be wiped out. $200,00 down and another $400,000 to go. Plus $60,000 in property taxes. I was just like you. Paid on time for 5 years. Then I got ripped off by the same people I paid to protect me and my property (Lawyers). Now I get them disbarred too just for good measure. www.nationalfraudconstable.net
The real problem is in the fractional reserve lending which has reared its ugly head in this crisis. Millions of homes should have never been builty with fake, phony, conjured up fiat currency (credit). So deleveraging will continue for years. You are the only person I know still paying your mortgage.
Completely agree. The other deadbeats should take their medicine too. A total wipeout of shareholder equity for the banks engaged in this mess is also in order.
Healthy homeowners and healthy banks can take over so we can get the blood flowing again. We are on the coattails of ICU patients. We are running out of blood.
You are not getting a free house because ...
Who gets the house when the deadbeat is thrown out? The problem in many cases is that the true owner cannot be identified. In those cases, what is gained by throwing the deadbeats out? The house cannot be re-sold, because its owner cannot be identified. Why should the house sit there empty, available to be vandalized.
The point made by many is this: there are no simple answers to this situation.
Painting this as for the benefit of other mort-holders is beyond the pale; this moron needs to be absolutely crucified for his pandering bullshit. The idea that banks which falsified loan docs will provide authentic evidence of non-payment (as if that mattered anyway) is just fucking ridiculous.
And, if a party does not "perfect" their security interest - that party LOSES. Yup. Their own fault. You don't follow the procedure - LOSS. What he is suggesting is eviscerating the perfection of security interests. Further, if the same party that does not "perfect" their security interest then commits fraud on the Court to try and remedy their own failures - they LOSE also. But not according to this crackerjack.... oh no..... God, thank god he is not a doctor. He would bandaid an open infected wound probably and claim nothing else is wrong and ignore unseen bacteria and infection. Dip tard. I am not of the belief that any moron can get out of law school. God help us all.
Ok, well let's just get rid of all laws. All of them. Why not?
A legitimate propery interest is not defined as equity in said property in Florida EVER. EVER. EVER. Dumb and dirt. And people do not look to the Florida Bar for any relief. Everyone in Florida knows they police their own very lightly. EVERYONE.
This guy is not a true lawyer. His position is in derogation of clear law regarding property, contracts, the Florida Rules of Civil Procedure, New York law (re: Securities/Trusts)......
So he is one of those lawyers that does not want the law to uniformly apply to facts? Well, I will say it. He is dumb in my opinion. Dumb as dirt. Find out where his money comes from and most likely one will learn a lot.
If what he wants to happen happens, then let's all lie and file fraudulent documents with the Court so we can get some relief and money! Let's all do it. Gosh, just make crap up. Go ahead. It is now "legal".