The Newest Game In Town
Hurricanes and oil gushers aren’t enough, so now we have “Florida Foreclosure Fraud” to make the state somewhere that people want to avoid.
Mike Konczal is running a series with graphics to explain what is happening. He calls it: Foreclosure Fraud For Dummies. [You can read it even if you aren’t a Republican.]
The Miami Herald has a cheerful little backgrounder about the realization that this isn’t an isolated problem: Foreclosure freeze widens as fears grow.
Finally, courtesy of Florida Attorney General Bill McCollum’s investigation, here’s the full deposition of an employee of a law firm filing “creative” documents in foreclosure cases in Florida. [Depositions are taken under oath and false statements are punishable as perjury. This is not a conversation with a reporter.]
The bottom line for Florida is that you can’t get a clear title to property in the state until this is cleared up, because it isn’t obvious who owns what if the property was mortgaged. This brings real estate sales to a screeching halt in the state.