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With the approach of the hurricane season there is serious concern about problems emanating from foreclosed houses in Florida. About six vacant foreclosed houses are standing empty in Lehigh Acres just waiting to be destroyed when hurricanes slam down in south western Florida.
In a foreclosure age there are many employment opportunities – one being supervising the school attendance of homeless children. Ruben Rosario is busy trying to get the kids to school anyhow – by bus, van or even in a cab. On any weekday Marto Hurrle is too busy simultaneously managing two phones – the mobile and the landline.
The role of FDIC in mitigating foreclosure blues is under wraps – there is no transparency. FDIC has been auctioning off difficult loans, mainly commercial, at rock bottom prices. It is suffering financial losses but is avoiding the onus of directly confronting borrowers and realizing unpaid dues.
Foreclosures resulted from the blatant search for profits by the business lobby when they found that during the last few decades their rate of takings had dropped. The methods they adopted made them more or less successful and they nearly approached the peaks of the 1960’s.
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