HomeMy WebLinkAboutSubmittal-Commissioner Sanchez.. Title
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
NIIAMI, 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 adopt similar resolutions.
ps
vo.." 'P
I + ITE D3,� .i -e2
Jg-0150001,-Sut�Yti'i��C,l— Cow�mISS �ov��r �.►-,�.�neZ
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}
APPROVE AS TO FORM AND CORRECTNESS:
JULIE O. BRU
CITY ATTORNEY