Susanne Posel ,Chief Editor Occupy Corporatism | The US Independent
February 18, 2015
Mark Wilson, mortgage lender and resident of Everett, wrote to Washington State legislator Steve Hobbs and many other senators regarding Senate Bill 5968 which would make it “easier for citizen’s homes to be taken from them without any responsibility for wrongful foreclosure.”
The bill was not voted on and the residents who came out to the Capitol expressed their grievances over the nature and implications proposed by this legislation.
Wilson wrote to Hobbs: “…your proposed bill seeks to accelerate that annihilation. It doubles down on an already suffering citizenry.”
This week Hobbs proposed legislation for consideration to the Financial Institutions and Insurance Committee (FIIC) to amend the Deeds of Trust Act to allow nearly anyone to initiate a foreclosure against the homeowner without having to possess the mortgage note at the time of filing of proceedings.
Scott Stafne, a Washington State attorney and advocate against bank foreclosures, wrote an open letter to Hobbs as commentary on the proposed legislation.
Stafne wrote: “Hobbs’ bill, SB 5968, is designed by lawyers for trustees to undo what few protections the people of Washington have against slime ball debt collectors taking Washingtonians’ homes. Why? Because the trustee makes money on every house it can take away from a Washington voter. And the trustee gives a enough of that money to someone like Hobbs, who has no interest in protecting his constituents’ rights.”
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