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Category: Florida Foreclosures

Friday Round-Up — Settlement Docs Weeks Away, Donovan Hopes Fannie and Freddie Come Around; Citi-Bank Settles Suit; Bank Approves Loan Modification, Then Forecloses

Fri Feb 17, 2012 by on Bank Fraud & Florida Foreclosures

AGs Weeks From Filing Foreclosure Settlement Documents Yesterday we expressed concern because we have yet to see the formal documents behind last week’s landmark $25 billion settlement, and it seems few people actually have. HousingWire reports, through an unnamed source, that federal prosecutors plan to file them in court by the end of the month. But of course herein lies […]

Eric Schneiderman: This Millennium's Elliot Ness?

We here at the South Florida Law Blog decided to clock in a few hours this weekend, because if we didn’t we’d probably fall behind President Obama’s new man-in-the trenches Eric Schneiderman. The New York Attorney General, only days into his appointment as the head of the newly-formed Residential Mortgage-Backed Securities Working Group has already issued subpoenas to 11 financial […]

Will Obama Target Housing Crisis During State Of The Union?

We really haven’t seen President Obama insert himself directly into the housing crisis, but there are rumblings that he may do just that during Tuesday’s State of The Union address. The fact is that is what homeowners have been clamoring for. A new USA TODAY/Gallup Poll found 58% of Americans want the government to do more to help people keep […]

Foreclosure Crisis: Will Government Right This Sinking Ship?

We’ve all been reading with horror about the developing situation in Italy with the Costa Concordia, the cruise ship that capsized last Friday, killing several people. What really caught our attention is the actions of the ship’s captain Francesco Schettino, who reportedly abandoned ship in the middle of the evacuations. He’s been blamed for causing the tragedy by recklessly taking […]

Week In Review: Federal Reserve Wakes Up; Fla. Foreclosures Down, Fannie Mae CEO Resigns, Banks Questioned Over Home Insurance Hikes

Now that the holidays are behind us and we’re well into the new year, news that will impact the foreclosure market in 2012 is starting to cross our desk. So what headlines were we talking about this week? Federal Reserve Wake-Up Call! This week we blogged about the Federal Reserve finally coming around and looking out for the homeowners, instead […]

Federal Reserve Wake up Call! Finally looking out for the little guy

Finally!!!It’s a word that is being bantered about the hallways of Oppenheim Law all too often these days, and thanks to the Fed’s recent comments on the foreclosure crisis, it’s been thrown around at rapid-fire pace these last few days. Through a 26-page white paper which highlighted the “extraordinary problems plaguing the housing market”, officials at the Federal Reserve have […]

Happy New Year for Homeowners! No More Cutting Corners for Banks!

Banks will need to clean up their circus “act” in 2012 when it comes to Florida foreclosure cases thanks to a series of stinging decisions handed down by the 4th District Court of Appeals that could be the gift that keeps on giving for Florida homeowners. The court finally realized the banks must have the proper authority before they proceed […]

Foreclosure Mills, Bank Fraud and the Housing Market — 2011's Top Headlines Pt. 2

Continuing our list here’s Pt. 2 of our Top 10 stories for 2011 — #5 — Foreclosure Fraud Files Released As 2011 got underway we were presented with a fascinating yet disturbing report by the Florida Association of Court Clerks called “Unfair, Deceptive and Unconscionable Acts in Foreclosure Cases”. It brought these horrible practices into the harsh light of day. […]