The foreclosure case was before the court because the defendant had brought a motion to dismiss the foreclosure with prejudice. The judge, having previously become annoyed with the bank and the bank’s counsel, had requested that there be an order to show cause. The judge was questioning the pleadings and wanted the foreclosure mill representing the bank to come forward and prove that they had not been involved with any inappropriate conduct.
The judge was clearly upset and said to the banks’ attorneys:
Counsel, this is all speculation. What we are here about is lawyers practicing law correctly. Lawyers reviewing the documents they submit to the court and making sure that they are correct before they are submitted. “It’s not my fault”, “this is a clerical error” and “the dog ate my homework” isn’t going to do.
The court went on to question what kind of supervision is going on at the foreclosure mills and whether the named partners were in any manner setting up the proper systems to ensure that quality work was being produced. The court specifically stated that legal work being dished out in a factory-like fashion may “be okay for you, but it is not okay for the court.”
The judge further questioned whether the attorneys gave legal counsel to their clients, stating: (more…)
“Not a single financial executive has gone to jail”…that is how Producer Charles Ferguson rocked the Oscars by starting his acceptance speech for winning best feature documentary for “Inside Job,” a film about the 2008 financial system meltdown. How appropriate.
Meanwhile, Florida real estate is no red carpet winner when it comes to the housing market. Oppenheim Law announces its real estate webinar streaming live Wednesday March 9th at 6 pm, designed to help Florida homeowners use today’s economic conditions to their advantage and fashion their own bailouts.
In this timely workshop, Oppenheim shares fresh insights, including:
How the rising price of oil will affect the American job market, and in turn affect the housing market.
What these trends mean for Florida foreclosure defense and how homeowners can use these events to their advantage to engineer and structure a short sale.
The impact that a sluggish start to the national “selling season” will have on a local level.
Why home prices will continue to drop in the months ahead.
Florida real estate is not immune to the financial system melt down or the recent world events, according to Florida Foreclosure Defense Attorney and Legal Blogger Roy Oppenheim.
As revolutionary tremors continue to spread through the Middle East and actual tremors rocked New Zealand with a 6.3 magnitude earthquake, Oppenheim Law offers insight on how these international events could impact Florida’s real estate market as well as sharing the latest legal trends in foreclosure defense and short sales strategies. (more…)
The ‘black swans’ just keep on coming, as underwater homeowners brace themselves for a new set of rules in 2011. Amid international struggle, national weather crises and local real estate unrest, new data shows that real estate prices continue to drop while short sale rates are skyrocketing.
95 NW 11th St., Boca Raton, FL 33432
Cost: Free with advanced registration
RSVP: To register, email jackie@oplaw.net or call 954.384.6114
We’ll cover how the protests in Egypt, Florida’s new governor’s stimulus ideas, Obama’s agenda, bankrupt states, and even massive snowstorms are poised to make a direct impact on Florida foreclosures and short sales.
This was a historical week. Besides marking the 25th anniversary of the explosion of the Space Shuttle Challenger – an event that itself marked the end of an era; this week’s headlines included Obama’s new rules/new economy State of the Union; Friday marked the first time in history that part of the Internet went dead as Egypt “unplugged itself” in a move to settle political unrest and finally…the Financial Crisis Inquiry Commission delivered the results of its investigation into the causes of the financial and economic crisis.
Technology, politics and the economy seem to be unfolding into one.
First let’s point out, there is a lot of BLAME going on, starting with the 500-page FCIC document, or should I say docu-drama. The in-depth analysis covers how we got to where we are today as it relates to the financial crisis, foreclosure crisis and housing crisis.
As taken from the official FCIC press release:
The Commission concluded that the crisis was avoidable and was caused by:
Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages;
Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk;
An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis;
Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw;
And systemic breaches in accountability and ethics at all levels.
But let’s be clear on BLAME; the last person that should be blamed in this mess is the homeowner. (more…)
