You have been hearing about it in the media: there is a national bank fraud crisis. Now find out what it means to the future of the South Florida real estate market and foreclosures. Mother Jones, The New York Times and the Sun Sentinel have covered it and an investigative special report will air tonight on CBS 4 reported by Stephen Stock.
Banks and law firms are under fire with the recent GMAC admission that it filed false foreclosure documents. Bad documentation, falsely notarizing signatures, and the courts pushing homeowners through the foreclosure process (also known as the “rocket docket”) are coming to a quick halt as the tides turn on the banks in favor of the homeowner.
“It’s as if the curtain has finally been pulled back,” said Roy Oppenheim, a legal blogger and foreclosure defense attorney who has been predicting this house of cards for the past two years on his South Florida Law Blog. “The world now has evidence to what ends the banks will go to falsify documents and encourage individuals to perjure themselves by falsely notarizing signatures.”
What does this mean to the Florida homeowner? Oppenheim shares his views and opinion on this unprecedented set of events at a free real estate workshop, which streams live via the web or in person on Wednesday, October 6 from 6-7 p.m. Topics include: the pros and cons of strategic defaults, short sales, loan modifications, deeds in lieu, and deficiency judgments.
What: Underwater Homeowners, Bank Fraud Crisis Foreclosure
When: Wednesday, October 6, 2010 – 6 to 7 p.m.