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McCollum: mortgage fraud felons shouldn't be allowed back in business for 7 years

Borrowers_banner_2In a letter to Chief Financial Officer Alex Sink today, Attorney General Bill McCollum remained silent on the question of whether the state's top mortgage regulator, Don Saxon, should keep his job but he proposed new rules to create a new class of felons in the clemency process.

McCollum proposes a seven-year ban on felons who seek to have their rights restored from entering the mortgage brokerage and lending industry. "Such a rule would provide further limits to ex-felons who seek occupation in the mortgage brokerage and lending industry,'' he wrote. McCollum noted that a federal mortgage fraud bill, expected to be signed by the president, would do the same thing and he wants other provisions of the federal bill to be adopted by rule asap.

McCollum was one of the most rigid opponents to the existing changes to the clemency process that allowed for automatic restoration of rights for many felons and a 15-year waiting period for those that committed the most violent crimes.

The attorney general also told Sink he wants his office to conduct the investigation into the licensing practices of the Office of Financial Regulation. "We need to understand the extent of the problem in order to modify existing rules or to propose legislative remedies to strengthen our efforts," he wrote. Maybe the investigation buys Saxon more time.

Here's his letter: Download mccollum_728.pdf

   

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floridascamsuncovered

As a victim of Silverstone Lending LLC, Safe Harbour Foundation & Peter J Porcelli II aka Peter James aka Jack Fireman it sickens me that Saxon is taking the fall while all along Crist, McCollum, Sink knew about the Porcelli's case.

As far as letting felons enter into any credit related product businesses after 7 years is just pure stupid and at that rate, Florida will continue to allow fraud to continue! So where is the fixing of the problem? No where!

What are you thinking Attorney general McCollum? Are your screws that loose, not see that your new plan of actions is moronic?

Talk to the victims first hand and see the damage caused by Crist, Sink, Saxon and yourself have allowed to go for years!

Why not adopt a law that will allow a "Permanant Injunction banning these criminals from ever entering any credit related products"?

That surely would change the ongoing mortgage fraud to continue on. Didin't think of that did you?

Ex: Porcelli was given a "permanant injunction barring him from any credit related product" businesses in 2004 by the FTC and a Federal Judge. But you guys just happened to miss that fact. By doing that you enabled him to open another scam in 2005. You actually aided him in defrauding florida homeowners. So Crist, Sink, Saxon and yourself should be held accountable for the damages, don't you think?

floridascamsuncovered

Question, so now that these issue's have come to light, WHAT THE HELL IS CRIST, McCOLLUM & SINK DOING ABOUT IT? The victims that are still trapped in these fraudulent loans are still losing their homes and the criminal's are reaping their rewards!

Where are you Crist, McCollum & Sink???? Are your heads still buried in florida sand somewhere? These victims need help ASAP!

floridascamsuncovered

Question, so now that these issue's have come to light, WHAT THE HELL IS CRIST, McCOLLUM & SINK DOING ABOUT IT? The victims that are still trapped in these fraudulent loans are still losing their homes and the criminal's are reaping their rewards!

Where are you Crist, McCollum & Sink???? Are your heads still buried in florida sand somewhere? These victims need help ASAP!

Kate

In April 2005 I was forced by financial threats, misrepresentation, intimidation, collusion and fraud to close on a FSBO house that I made contract on to buy. I was forced to close with out an inspection or my own appraisal. I was also unlawfully kept from entering the house after closing, by the sellers, Arthur R. Seaborne of Southeast Capital Advisors LLC the mortgage broker and the Sarasota Police department. This was clearly done so that I could not see the reprehensible condition of the house within my three day right of recession.

Consequently I now have responsibility of ownership and mortgage of a house that was falsely over-appraised by April 2005 market value by at least 125K according to the Sarasota County appraisers office. The house, its attic and walls are filled with toxic black mold. There are many plumbing leaks, roof leaks, air duct leaks and foundation leaks and cracks. That is just some of the material defects secreted from me to get this purchase done solely for the purpose of the sellers and mortgage brokers monetary benefits.

I filed a lawsuit against the sellers and Arthur R, Seaborne, Verne Phillips and Southeast Capital, two lawyers in a row took my money and did nothing, one in Tavares Fl finally pitied me and is following through to a small degree on the non disclosure of mold and such by the sellers.

However this still leaves me stuck with a 280K mortgage on a house that is close to being condemned.

Now back in June 2005 just after seeing the conditions and crimes perpetuated upon myself I sent all my paperwork and complaint to the FBI in Tampa. Shortly thereafter a Detective Maslowski began calling me daily November 2005 to January 2006 questioning me about the purchasing process Arthur Seaborne put me through. He even threatened me with prosecution as I signed the falsified papers at closing even though I was threatened physically and financially if I did not. I lost my job over these threatening and constant calls.

Then nothing, Detective Maslowski will not even return my calls to find out what is happening in the case. I did find the DOAH hearings on him as follows:

08-0145
OFFICE OF FINANCIAL REGULATION
vs.
SOUTHEAST CAPITAL INVESTORS, INC.; ARTHUR R. SEABORNE; AND SOUTHEAST CAPITAL ADVISORS, L.L.C.
Closed

88-3561
FLORIDA REAL ESTATE COMMISSION
vs.
ARTHUR ROY SEABORNE, MARILYN S. ROGERS, ET AL.
Closed

88-1976
FLORIDA REAL ESTATE COMMISSION
vs.
ARTHUR ROY SEABORNE AND LINDA LEE SEABORNE

For about a year I couldn’t get anyone to respond to my pleas for help or information. Then just a month after I find great employment an Agent Brady of the Tampa FBI calls my current employer to find me. Ruining yet another employment opportunity by demanding papers, and information. When I ask him about the States revoking of Seaborne’s RE License for mortgage fraud then them giving him a mortgage brokers license just a year after a chapter 7 bankruptcy and what restitution will there be for me as I own his crime house and cannot even reside in it for it has rendered me quite ill. I am told that his assets, of which there are many, will be liquidated and the investors and lenders will get the proceeds, I will see nothing, as I am just collateral damage.

I have been ruined emotionally, mentally and financially. I had a 760 FICO upon entering this process and a good job. I am now jobless, there are 3 liens on the house that no one wants nor will they foreclose on, my FICO is now below 200 and I was going to complete my masters, which will never happen now. And I am out well over 300K. I will keep making noise until I am heard!

What I want to know from you as I can get no one to respond to me about what is being done about not only Arthur R, Seaborne’s crimes upon me but the State of Florida’s crime upon me by ignoring regulations and giving a mortgage criminal a license to perpetuate yet another mortgage crime this time upon me.

I believe I have rights under the RICO act but my statute of limitations is running out and the State, FBI nor anyone else will help me obtain the information I need.

I PROMISE YOU THAT I WILL NOT GO AWAY UNTIL MY SITUATION IS DEALT WITH. AS I HAVE SPENT ALL MY FUNDS ON THIS SITUATION AM NOW UNEMPLOYED BUT I WILL CONTINUE TO FIGHT ALL WHO TRY TO STIFFEL ME AND MAKE ME COLLATERAL DAMAGE!!!!

goedkoopste verzekeringen

I don,t Know how good it would be " to propose a seven-year ban on felons who seek to have their rights restored from entering the mortgage brokerage and lending industry".

RM

To Kate - I have seen your story posted on several sites. According to the Florida Office of Financial Regulation's website, Arthur (Art) Seaborne's Individual Mortgage Broker License as well as the Mortgage Broker Business License for the company he is associated with, Southeast Capital Advisors LLC, were both revoked in August 2008.

See the site: http://www.flofr.com/finance/actions.aspx

I don't know what prompted this. If you are interested, maybe you can look there.

Party of Five

I am a victim of fraud from Silverstone Lending and I lost my home. I have three young children that had to be around the stress that I tried not to show. I just don't understand how people can let this happen and not do anything about it. Gov. Crist where are you for the people of Florida? I am a strong person and I will prevai!

 Jayme "Florida Mold Inspection" Camacho

This is another great topic about lending, actually Lending is a great help to us, it depends on us, on how can we handle it.

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