The Good News: Big Banks Told Not to ‘Fix’ a Fraud One of Roy Oppenheim’s favorite articles this weekend is from the Wall Street Journal by Robbie Whelan; it’s about Ohio’s attorney general pressing banks to modify mortgage loans versus ‘fixing’ false and sloppy paperwork. Attorney General Richard Cordray could not have said it better: “The banks are committing fraud […]
Monthly Archives: October 2010
Find out what the foreclosure crisis headlines mean to Florida homeowners and how this ‘train wreck’ impacts real estate buying, selling and investing. Join Florida Real Estate Attorney and Legal Blogger Roy Oppenheim on Wednesday November 3, 2010 via a streaming webcast on Oppenheim Law TV or limited seating for the live workshop in Boca Raton, Fl. It’s out of […]
Bravo to Joe Nocera who writes the Talking Business column for The New York Times each Saturday. Today’s story Big Problem with Banks: Due Process is right on target according to Roy Oppenheim, foreclosure defense attorney with Oppenheim Law Here is an excerpt: It is absolutely true that the homeowners that Bank of America wants to foreclose on are in […]
Hiring “Burger King kids” who barely knew what a mortgage was! This best describes the profile of a robo-signer according to a recent New York Times foreclosure article. But the tides are changing; instead of plowing through 70 foreclosure cases a day, judges are down to a mere 25 cases each day. Now maybe that the foreclosure monkey business is […]
Roy Oppenheim to the Wall Street Journal: “Your editorial will make future investors think twice about entire system”
Oppenheim Law’s South Florida Law Blog shares a letter Roy Oppenheim wrote in response to an editorial piece published on October 9th called The Politics of Foreclosure: Your editorial “The Politics of Foreclosure” (October 9) misses a number of significant legal as well as macro economic issues. In fact the editorial’s latent sarcasm (i.e., “the affidavit was supposed to be […]
Chicken Little, Chicken Little! The Foreclosures are all Fraudulent…The sky isn’t falling, but bank stocks are sliding
Bank stock prices start to react to the realization. Unlike Chicken Little, Oppenheim Law was right!
So why is Congress allowing the banks to do their own internal investigation?
The foreclosure “walk of shame” happens to the best of us; even the Mortgage Banker’s Association (MBA). When Roy Oppenheim received a call from the producers of The Daily Show with Jon Stewart; he knew this was not the typical call from a distressed homeowner facing foreclosure. This was about a topic Oppenheim had shared on his blog months ago. […]
It is not just the daily news, it is the hourly news. The Wall Street Journal and The New York Times are reporting multiple stories daily about the unfolding developments and ramifications of the recent suspensions by four major companies that service mortgages and how this crisis will undoubtedly slow the housing recovery. Roy Oppenheim wrote a letter to the […]