Posts Tagged ‘national football league’

Mortgage Settlement Payouts Are Another Blown Call

Monday, October 1st, 2012

Roy Oppenheim’s commentary was originally published on Yahoo! Homes and is being republished on South Florida Law Blog with their permission.

Green Bay Packers vs Seattle SeahawksWell the long national nightmare is over. No, not the fraudclosure crisis. Sad to say that legal mess is still being cleaned up years after the bubble burst.

I’m talking, of course, of the NFL referees lockout.

Believe it or not, as I watched the backpedaling by Goodell and Friends after the Monday Night debacle, I found an odd comparison with the latest installment of what I like to call “As the Mortgage Settlement Turns”.

Here in Florida, and in several other states across the country, thousands of homeowners are about to get notices in the mail, stating they too might be able to claim a piece of the settlement pie.

The basic premise is this, if you lost your home to foreclosure, you’ll get a claims form, if you fill it out and you’re deemed eligible, you could get some money for your troubles.

When you take a long hard look at this process, you’ll probably see, as I have, that this process is inherently flawed from the get-go.

It’s why I’m not assisting my clients fill out these forms. I am not getting involved.

So how does this relate back to the NFL? Well since the lockout started every statement that came from the League was a complete and utter whitewash of the problems caused by the use of the replacement referees.

Rather than apologizing or even acknowledging their mistake, a mistake millions of people saw with their own eyes, the NFL just stuck to a hollow narrative and hoped we’d just accept it and move on. Just as the government and the banks are trying to do now with this flimsy settlement.
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Homeowner’s Super Bowl — Clock Winding Down on Robo-Signing Settlement

Monday, February 6th, 2012

Courtesy: New York Giants

The clock may have run out on this year’s Super Bowl (Way to go Giants!!) but there’s still a few minutes left in this year’s REAL grudge match, the Banks vs. the Attorney Generals.

It’s 4th and Inches, the score is tied, and it would be nice to avoid overtime.

Today we could learn whether the much-discussed robo-signing settlement with Wells Fargo, Bank of America, JP Morgan Chase, Ally Financial and CitiGroup will come to pass, and in what form.

With California AG Kamala Harris returning to the negotiating table, the deal looks closer than ever to being sealed. Harris, who represents the state with the largest amount of foreclosed homes, has rightfully been hesitant to sign off because her state has the most to gain, or lose, from this deal.

We were initially very hesitant to see this deal go through ourselves, but the time has come for it to put to bed.

Why?

Because we feel the deal in its current form does a lot. Does it help every single homeowner who’s underwater? Of course not. There is no deal that will.

But here is who it does help. The homeowners who have fought to keep their homes from day one, who were at the forefront of these legal challenges against the banks. Much of what we have learned about robo-signing and the lack of standing banks had to bring foreclosure, would not have come to light without these crusaders, and its time they got a reprieve.

In theory it also helps the responsible homeowners, the ones who paid their mortgages on-time and whose homes went underwater through no fault of their own. They too need to be rewarded.
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