HomeMy WebLinkAboutR-09-0041Vop City of Miami
Legislation
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Resolution: R-09-0041
File Number: 08-01500a
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 1/15/2009
A RESOLUTION OF THE MIAMI CITY COMMISISON URGING THE ELEVENTH
JUDICIAL CIRCUIT COURT OF MIAMI-DADE COUNTY, FLORIDA, TO ESTABLISH
A RESIDENTIAL MORTGAGE DIVERSION PILOT PROGRAM; ENCOURAGING ALL
MUNICIPALITIES IN MIAMI-DADE COUNTY TO ADOPT SIMILAR RESOLUTIONS;
DIRECTING THE CITY CLERK TO TRANSMIT A COPY OF THIS RESOLUTION TO
THE CHIEF JUDGE OF THE ELEVENTH JUDICIAL CIRCUIT COURT;
REQUESTING THAT THE CITY OF MIAMI'S LOBBYING TEAM PETITION STATE
AND FEDERAL BANK REGULATORS TO ADOPT RULES THAT WOULD ALLOW
LENDERS TO OFFER NEW MORTGAGE TERMS AIMED AT HALTING
RESIDENTIAL FORECLOSURES; AND DIRECTING THE CITY ATTORNEY TO
FACILITATE THE ELEVENTH JUDICIAL CIRCUIT COURT IN THE CREATION OF A
FORECLOSURE DIVERSION PROGRAM MODELED AFTER THE CITY OF
PHILADELPHIA'S SUCCESSFUL INITIATIVE.
WHEREAS, due to the current economic crisis, the number of foreclosures in the State of Florida
has risen and Florida has some of the highest foreclosure numbers in the nation; and
WHEREAS, an enormous number of Miami -Dade residents are facing foreclosure of their
homestead property; and
WHEREAS, the City of Philadelphia has created a residential mortgage foreclosure diversion
program that has been able to save about 80 percent of the participants' properties from further
foreclosure; and
WHEREAS, the high number of residents of the of the City of Miami facing foreclosure threatens
the stability of many neighborhoods; and
WHEREAS, a residential mortgage foreclosure diversion program modeled after the City of
Philadelphia's successful initiative would offer homeowners an opportunity for further conciliation
conferences prior to final foreclosure; and
WHERAS, the Miami City Commission strongly recommends that the Eleventh Judicial Circuit
Court review the program in the First Judicial District of Philadelphia and establish a similar program
for the homestead property owners in Miami -Dade County, Florida;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The Miami City Commission strongly urges the Eleventh Judicial Circuit Court of
Miami -Dade County, Florida, to establish a residential mortgage diversion pilot program.
Section 2. The Miami City Commission encourages all municipalities in Miami -Dade County to
City of Miand Page 1 of 2 File Id. 08-01500a (Version: 1) Printed On: 5/26/2017
File Number: 08-01500a
adopt similar resolutions.
Enactment Number: R-09-0041
Section 3. The City Clerk is directed to transmit a copy of this resolution to the Chief Judge of the
Eleventh Judicial Circuit Court.
Section 4. The Miami City Commission requests that the City of Miami's lobbying team petition
state and federal bank regulators to adopt rules that would allow lenders to offer new mortgage terms
aimed at halting residential foreclosures.
Section 5. The City Attorney is directed to facilitate the Eleventh Judicial Circuit Court in the
creation of a foreclosure diversion program modeled after the City of Philadelphia's successful
initiative.
Section 6. This Resolution shall become effective immediately upon its adoption and the
signature of the Mayor.{1}
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
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