Letters to the Editor

'Deed in Reduction' would create win-win
Editor's note: The following letter was sent to Sen. Garrett Richter, R-Naples, and the Review:

Dear Sen. Richter:
If you recall I previously provided you with some ideas a few years back on possible solutions to the residential mortgage foreclosure crisis and also appeared before you, and the other members of Gov. Crist's H.O.P.E. Task Force in Tallahassee to present my ideas and concerns.

I recently read the “Personal guarantors seeking relief” in the Gulf Coast Business Review, as well as the Congressional Oversight Report of Feb. 10 detailing the pending commercial lending crisis. I have some ideas on this as well as on the proposed mortgage foreclosure bill, sponsored by Dave Aronberg and Tom Grady. In my law practice, I have represented commercial and private lenders, numerous borrowers and handled more than 400 commercial and residential mortgage foreclosure cases in the past four years on behalf of borrowers and lenders.