Massive Brake Reach, Help

Looks like your frame is for 27" wheels. If you're not running a back brake, possibly switch out the forks for 700c forks and just don't run with a back brake. Did it with a friend's bike and it worked rather well.

If the bike isn't made for 700c forks/wheels wont this mess the geometry around? Better to stick with the current forks and run the proper wheels.