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Taskforce Provides Hope To People Drowning In Unpaid Loans

April 2nd, 2008 by flanews

Florida ranks number two nationally in the number of home foreclosures. Bills designed to help those losing their homes are bottled up at the capitol and as Whitney Ray tells us, several dozen people at risk of losing their homes took their anger to the Tallahassee.

Hear it here: Taskforce Provides Hope To People Drowning In Unpaid Loans

The front steps of the capitol looked like a camp ground Wednesday. Angry Floridians caught in foreclosure set up tents to highlight their losing battle with lenders.

I got a 35,000 dollar mortgage that mortgage has now ballooned to 115,000 dollars.

Carrying signs and chanting, the angry group marched around the capitol. Carolyn Patmon got involved a year ago after a lender offered to buy her mortgage with the promise of a lower interest rate.

They sought me out. I wasnt going out looking for anybody. You know. And they talk to you smooth as silk, said Patmon.

Desperate for lending reform, the group marched into the capitol for the last meeting of a task force investigating the states mortgage crisis. Three bills aimed at saving homes from foreclosure were filed this year. State Representative Geraldine Thompson filed a bill requiring lenders to give borrowers 90 days to discuss changing their loans, before the lender could foreclose. Thompson said she doubts her bill will be heard.

The reason we dont see more of these kinds of bills moving is because were talking about people who dont have the kind of money to hire lobbyist, said Thompson.

While the foreclosure bills may not make it to the governor, the taskforce recommendations will, giving hope to people who fear they could be living in tents. The Task Force will give its recommendations to the Governor, Senate President and Speaker of the House later this month.

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