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Are the Bank Foreclosure "Moratoriums" More PR than Real? « naked capitalism

Or have they? Florida is a judicial foreclosure state, and local reports suggest the banks are still moving forward with foreclosures. Note the inconsistencies between the statements of the bank employees versus the action on the ground. From the Fort Myers News Press:.
JPMorgan Chase & Co. and Bank of America Corp., along with some smaller lenders, have announced that they were holding off on court-based foreclosures...

But in Lee County, court records show both of those banks have continued to get court judgments allowing the sale of mortgages on foreclosed houses at public auction.



"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Fri Oct 15th, 2010 at 04:15:49 AM EST
[ Parent ]
Florida become an anecdote, though an important one. In this case, perhaps that they are blatantly sticking out like a sore thumb will keep the issue alive. Otherwise it will be a mea culpa, a few weeks of study, a pronouncement that everything is perfectly in alignment again and the poaches will have the protection of everyone's apathy for 'old news'.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Fri Oct 15th, 2010 at 05:14:45 AM EST
[ Parent ]

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