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Trouble Is, He Is the Law;
Philly's Sheriff Green Doesn't Do Foreclosures, to Lenders' Dismay By MICHAEL M. PHILLIPS June 6, 2008; Page A1 PHILADELPHIA -- Sheriff John Green has spent 37 years in law enforcement. But these days he's best known around town for the law he won't enforce. With the economy soft and thousands of Philadelphians delinquent on their mortgages, Sheriff Green this spring refused to hold a court-ordered foreclosure auction. His move raised eyebrows on the bench and dropped jaws among lenders and their attorneys, who accuse him of shirking his duty to enforce legal contracts. It also prompted a sweeping, court-endorsed deal, scheduled to go into effect next week, that aims to help homeowners avoid foreclosure. Even as Congress moves forward with a federal plan that could insure up to $300 billion in refinanced mortgages, Mr. Green's unilateral approach has pushed Philadelphia to the leading edge of local responses to the national crisis. "More of our neighbors, our families and our friends are falling behind on their mortgages and losing their homes" to foreclosure, the 60-year-old Mr. Green writes in a "Declaration of Neighborhood Stability" on his Web site, www.phillysheriff.com1. "My staff and I watch the suffering every day and witness the heart-wrenching scenes as families lose their primary means of wealth-building and face eviction. "Mr. Green's 241-person sheriff's department is the armed wing of Philadelphia County courts, charged with transporting prisoners, securing courtrooms and auctioning off foreclosed properties at sheriff sales. In a city beset by poverty and crime, Mr. Green has emerged as an unlikely blend of lawman, politician, spiritual leader and social worker. Read More Here: http://online.wsj.com/article/SB121271135166050537.html
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Moe Bedard Founder & President Loan Safe Solutions - Forensic Loan Document Reviews & Loan Modification Processing (951) 531-0148 ext. 267 Telephone (800) 801-7979 Fax The comments, posts, threads and material on this websites are NOT to be taken as legal advice and we highly recommend that anyone facing foreclosure or that believes they are victims of predatory lending should seek the counsel of an attorney and or an accountant. ALWAYS obtain a second and third opinion on your particular situation from a trusted source. We will not be held liable for any material, comments, posts, threads, emails or any communication made while your visit PredatoryLendingLaw.org. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of our employers, other ventures or any individual attorney. No advice or information, whether oral or written, obtained by you or through or from this website or forum shall create any kind of promise or business relationship. PLEASE READ OUR LEGAL & PRIVACY POLICY HERE |
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