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No impact fees can cause financial woes to county

January 30, 2013

To the editor: Concerning the county commissioners may vote for a moratorium on impact fees, this is what happens: Less county income equals less services (fire, schools, roads and more)....

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keithkaye

Feb-01-13 11:35 AM

Part 1-In your mention of foreclosures I am assuming you are referring to FL SB1890 and its requirement to “streamline” the time for banks to act from 5 years to 1 year.

First you have to understand what is required in a foreclosure. 1)the bank must prove it has standing to bring the suit, 2)there has to have been a lawful contract which includes full disclosure, 3)there had to have been a default, and 4)the bank has to prove it lost money. This sounds easy enough so what’s the problem? The problem is the banks can prove none of these requirements and that is why there is a bazillion cases not yet filed. The fact is the residential mortgage system is predicated on fraud. Do not believe that the suits are not being filed because there are too many; a default hearing only takes about 5 minutes.

The banks have been scrambling for years now trying to get laws changed which means they are trying to overturn about 3,500 years of contract law. They have a problem. See Part 2

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keithkaye

Feb-01-13 11:10 AM

Part 2-To “streamline” the process whereas banks have to culminate their action within a year is equitable IF it has been firmly ESTABLISHED that the bank has standing to bring the suit in the first place. The very first thing that must be established is standing (the right to bring the action). Anyone can bring suit against anyone else, that is a given. But let’s say I sue you alleging that you are driving my car and I want the car back. That’s all fine and good but if I can’t prove it’s my car I have no suit. That is just ONE of the SEVERAL problems facing the banks they can’t prove standing or ownership. A defendant in an action can seek discovery from the banks and that has happened in about 6 bazillion cases. So what’s the problem? The banks won’t answer and they continue to dodge issues; after all they have 5 YEARS to culminate the suit. So that part of your article is equitable to the parties involved. There is one other aspect I want to cover: see Part 3.

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keithkaye

Feb-01-13 11:10 AM

Part 2-To “streamline” the process whereas banks have to culminate their action within a year is equitable IF it has been firmly ESTABLISHED that the bank has standing to bring the suit in the first place. The very first thing that must be established is standing (the right to bring the action). Anyone can bring suit against anyone else, that is a given. But let’s say I sue you alleging that you are driving my car and I want the car back. That’s all fine and good but if I can’t prove it’s my car I have no suit. That is just ONE of the SEVERAL problems facing the banks they can’t prove standing or ownership. A defendant in an action can seek discovery from the banks and that has happened in about 6 bazillion cases. So what’s the problem? The banks won’t answer and they continue to dodge issues; after all they have 5 YEARS to culminate the suit. So that part of your article is equitable to the parties involved. There is one other aspect I want to cover: see Part 3.

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keithkaye

Feb-01-13 11:09 AM

Part 3-There are many people who have created “strategic defaults” whereas they quit paying and stay in the house knowing the banks cannot lawfully foreclose and that gives them a lot of time to live free from payments. The 5-year to 1-year “streamline” would work fine in that scenario. While some may call these people ‘freeloaders’ it is just a matter of what-comes-around-goes-around’. i.e. These folks know the government and the banks purposely planned and caused our current ‘depression’ which includes the mortgage collapse and theft of our savings plans. So, they are just doing what they can to ‘get even’ while they can. Personally, I don’t blame them. They just have their middle fingers in the air to the powers that be. I could write about another 50 pages on this stuff but I think you get the idea. SB 1890 is loaded with other issues not discussed here but, for the most part your article elucidates many valid points.

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