Thursday, February 19, 2009

In My Opinion: A Statewide Mortgage Foreclosure Registry Could Help Stop the Loss in Property Values

In this months edition of the Florida League of Cities "Quality Cities" Magazine, Mayor Richard Kaplan wrote an article concerning a State Wide Registry. This article discussed the issues related to problems both lenders and local governments are facing because of the Foreclosure Crisis.

The article goes on to explain a Bill submitted by State Representative Ari Porth and State Senator Chris Smith, to deal with this situation. The Bills numbers are HB 119 and SB 874. The Bill was actually written by Mayor Kaplan, incorporating information learned through his work with the US Conference of Mayors, in conjunction with representatives of the Mortgage Bankers Association.

To see the article: http://www.lauderhill-fl.gov/docs/FORECLOSURE%20ARTICLE.pdf

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