State of Florida Cashing in on Foreclosures
Florida’s filing fee for foreclosing on a $250 thousand mortgage goes from $295 to $1,900
Palm Coast, Florida – June 10, 2009 – With the help of legislators, Florida is cashing in on the foreclosure boom at the expense of lenders and borrowers. Effective June 1, Florida’s foreclosure filing fee jumps from a fixed $295 to $395 for claims less than $50 thousand, to $900 for claims between $50 thousand and $250 thousand, and to $1,900 for claims over $250,000. The same amount would be due from the borrower if they file a counterclaim. It’s estimated the fee increase will generate an additional $220 million in revenue for the state.
Some believe the higher fee will help stem the tide of foreclosures. Others think it will simply end up costing consumers more.
Foreclosure Greed
The State of Florida is always trying to screw someone. One week it’s raising the cost of cigrettes by a Dollar per pack, next week it’s doubling the cost of drivers licenses. Screwing people who are down on their luck is nothing new. I hope sooner rather than later we can throw all the Republicans out of office and elect some people who are not selfserving. The Republicans are all a bnch of CROOKS, who are are hyprocrites in almost everything they say and do.
Good
I think this is a good step in right siding the State’s balance sheet without hitting everyone up for more tax money. The lenders are getting federal money so they should have to pay more to the state to file foreclosures.
I don’t see how it is going to cost the consumer more.
Just Thinking
These fee increases are probably being led by arm-chair charlie to recoup what he has over spent. It will affect the consumer in higher lending/service fees charged by the lenders to re-coup what the state is requiring for filing fees. Come on the lenders aren’t going to suck up the increased costs. It just gets passed on to any one needing their services.