Yes. The first thing you should do is call the Florida Banking Commission. Draft a letter to them detailing all of your problems and concerns, and specifically the fact that he has ties with them and he was released from some mortgages without your knowledge or consent. Before you do this, you should send a letter to the bank telling them exactly what you want to happen, and telling them if it does not you plan to file a complaint with the Florida Banking Commission. And then follow through on it. You can also, if applicable, send a copy to the FDIC, National Credit Union Administration, and the Federal Reserve. Use this link to find out who regulates your bank: http://www.helpwithmybank.gov/national-banks/national-banks.html
If all else fails, contact a GOOD bankruptcy attorney. You can put your business or yourself personally into a chapter 11 or chapter 13 bankruptcy, and the bank will have to negotiate the loan. For example, I had a client in the same situation, the bank would not renegotiate the loan for the business's office condos when the loan came due, even though the loans were current. After all negotiation failed, the client put the company in bankruptcy and got a lowered payment and 5 year workout plan. The bank had no choice but to accept, and at terms that were lower than the client was offering. In 5 years the goal is for the client to be able to refinance elsewhere. Good luck!
Thank you. This was a great answer and what I was looking to find out. I think they covered any out I have as far as bankruptcy though. I have had many loans over the years and never had such unusual and detailed papers drawn. They even put if my property doesn't bring enough in auction they could take more than allowed by law from any future paychecks, which I am sure they would.
I am accepting your answer but if you have any further advice I would appreciate your sending it as it is only a matter of time before this all comes to a head again. I have managed to save it twice but have no where else to turn this time.
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