Our Governor has taken steps to deal with the increased foreclosures in our state. Fleming Island real estate won't be as affected by these steps as some areas, as our foreclosure rates are under 7% of all real estate for sale. As a state, one out of every 95 houses in Florida were in some stage of foreclosure, and we ranked #2 in the country in 2009 for foreclosures.
The task force is named Florida Home Ownership Promotes the Economy. Representatives include Tony Hill (D-Jacksonville), other elected representatives, lenders, Bankers, representative from Florida Association of Realtors, Chief Financial Officer of Florida, Alex Sink. Lt. Governor Jeff Kottkamp and Sink are both members of the task force together with Senators Bill Posey (R-Rockledge),Tony Hill (D-Jacksonville), Franklin Sands (D-Plantation) and Garrett Richter (R-Naples). Other groups represented are - Alex Sanchez of Florida Bankers Association, Ritch Workman of Florida Association of Mortgage Brokers, Mike Fields of Bank of America Tallahassee, Thomas Kuntz of Sun Trust Bank, Florida, Nancy President from Florida Association of Realtors, Bill Newton from Florida Consumer Action Network and Steve Auger from Florida Housing Finance Corporation.
The Task Force will meet four times - March 3rd and 19th, and April 2nd and 9th, in preparation for an April 18th presentation to the Governor, Speaker of the House and President of the Senate.