Warning: Constant ABSPATH already defined in /home/flanews/public_html/wp-config.php on line 34
Capitol News Service » Blog Archive » Taskforce Provides Hope To People Drowning In Unpaid Loans

Welcome to

Capitol News Service

Florida's Best Political Coverage on Television

 


 


 


Recent Posts

RSS Quote of the Day

  • Charles Baudelaire
    "Everything that is beautiful and noble is the product of reason and calculation."
  • Wilson Mizner
    "The best way to keep your friends is not to give them away."
  • Benjamin Disraeli
    "Silence is the mother of truth."
  • H. Jackson Brown, Jr.
    "Never forget the three powerful resources you always have available to you: love, prayer, and forgiveness."

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 wasn’t 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 state’s 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 don’t see more of these kinds of bills moving is because we’re talking about people who don’t 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.

Posted in Housing, State News | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com