Dear EYE ON CITRUS
The banks have gone wild.
Over the last three months, I’ve been bombarded with stories of banks committing foreclosure fraud to take people’s homes. Foreclosure fraud happens when a bank decides that it wants to take someone’s house, but it doesn’t have legal title to do so. So it forges paperwork to show the court that it can take a home. Judges often agree to a foreclosure, because most of them can’t believe a bank would simply falsify paperwork. Since the foreclosure fraud story was exposed, however, Bank of America and JP Morgan-Chase have suspended foreclosures in 23 states, including Florida. Judges are getting more skeptical and demanding paperwork.
But this isn’t stopping the problem fast enough. JP Morgan Chase was just caught hiring a contractor to break into a woman’s home and change the locks, while she cowered in a bathroom and called 911. Then the bank claimed it was a simple mistake, as she wasn’t even in foreclosure.
Last month, I called for the Florida Supreme Court to halt these illegal foreclosures. The Florida Supreme Court declined, saying it had no authority to do so. I also asked Fannie Mae to stop working with law firms under investigation for falsifying paperwork. They have not responded. I recently sent a letter to the Treasury Secretary and our national bank regulators asking for a national moratorium on foreclosures while authorities assess the scope of the problem. I have also taped a 7-minute YouTube video explaining the whole situation.
But that’s not enough. We need to stop these “banks gone wild.”
I need your help. I’m sending a letter to the Director of the FBI and to Central Florida’s U.S. Attorney asking them to prosecute banks that foreclose illegally on homeowners.
Will you add your name to this letter? I will send this letter, along with all of the cosigners and your comments, to law enforcement officials.
You can sign it here, at NotTooBigtoJail.com.
Congressman Alan Grayson