How should Fla. spend $334M bank settlement? I vote give it

Real Estate Broker/Owner with Charles Stallions Real Estate Services

How should Fla. spend $334M bank settlement? I vote give it straight to current home owners.


We all know this money is about to be blown or put into the politicians pockets.

Attorney General says she controls the money earmarked for homeowners, but Legislature claims it has jurisdiction. Read more.

Florida Attorney General Pam Bondi is quietly feuding with the GOP-controlled Legislature over who should have a say over more than $300 million intended to help homeowners.

Florida is directly receiving $334 million as part of its share of a national $25 billion settlement with five of the nation’s largest mortgage lenders. This is separate from an estimated $8 billion also expected to go to help homeowners and borrowers in the state

Today's Prayer
Dear God, I need to learn to take one day at a time. Your Word reminds me, "Do not worry about tomorrow, for tomorrow will worry about its own things. Sufficient for the day is its own trouble" (Matthew 6:34). I give all my worries and concerns to You, God, the all-knowing, all-powerful, ever-present, Almighty God. Please give me peace, grace, and wisdom for the day. Lord, I also pray for the people in this world who live in war-torn nations, poverty, unhappy homes and abusive situations. Please reach down and show them Your love, that they may know that You are God and that You care about them and will give them rest. In Jesus' name, amen.

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Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414

Charles is a Real Estate Investor of 25 years, a Real Estate Broker for 15 years while holding several degrees in management, an expert in the buying and selling of real estate, short sales and foreclosures. Whether you’re buying your first home, second home, vacation home, investing in rentals, a kiddies’ condo for college or your dream home, buying any home is an investment in the future and you owe it to yourself to have Charles’s expertise to buy right and make the right decisions for YOU. For over the phone evaluation and NO Obligation CALL NOW! you have OPTIONS, we have FACTS, let’s TALK

How should Fla. spend $334M bank settlement? I vote give it


Re-Blogged 1 time:

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  1. Lenn Harley 08/11/2012 09:41 PM
ActiveRain Community
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charles stallions real estate
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how should fla spend 334m bank settlement i vote give it

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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Charles,  Yes, sometime you need to know when to hold them and no when folded them is what Kenny Rogers use to say.

Aug 11, 2012 01:49 PM #1
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

You know the money is not going to be given out the way you suggested.

a fund should be set up to assist struggling homeowners, so that they don't end up un foreclosure as well.

Aug 11, 2012 07:56 PM #2
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Maybe it could be spent on a bunch of SPAM centers in Florida.  Those neon signs are going to be expensive.

Aug 11, 2012 10:01 PM #3
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Or donate the money to homeless shelters.  If the people have not made a payment in years, it is just a matter of time any way before they will have to go. 

Aug 12, 2012 12:41 AM #4
Dale Terry
Yadkinville, NC

How about not spending it at all.  Let it stay in the bank and draw interest.  Why does every government act like they have a hole in their pockets?  The settlement was not about helping homeowners.  It was a payout to allow  bank officials off the hook.  Let's call it what it was.

Aug 13, 2012 08:41 PM #5
Dale Terry
Yadkinville, NC

Sorry, one more comment, If the money is used to "help" those homeowners in distress, the  money will go right back to the banks.  No, do nothing for a year or two and see how this all pans out.

Aug 13, 2012 08:42 PM #6
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Charles, You have the right idea. Give it to those homeowners, who can use it to save their homes. BTW, Love your Daily Prayer verse too.

Aug 15, 2012 01:52 AM #7
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Charles Stallions

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