The following is not a reality show; rather, it is a true story that highlights the worst of the financial crisis. Erik and Renee Sundquist reached a settlement with Bank of America where the bank has agreed to pay them $6 million after eight grueling years of foreclosure. The Sundquist family endured a stress-induced heart attack and a suicide attempt, […]
Category: Foreclosure Fraud
Gov. Rick Scott signs fast-foreclosure bill into law. Members of opposition grops have had discussions about challenging the law as unconstitutional and asking the courts to delay its implementation until it receives judicial review.
Florida Gov. Rick Scott is facing heavy lobbying from both sides of the fast-track foreclosure bill that arrived on his desk this week.
An edited version of this post by Roy Oppenheim was first published in US News and World Report’s Home Front Blog and is being redistributed on South Florida Law Blog with their permission. Not long after the national mortgage settlement was announced, I warned clients that the training wheels would come off and foreclosures would ramp up again. Now foreclosure […]
Below is an abbreviated version of an article written by Roy Oppenheim and Jacquelyn Trask, which was first published this week by Thomson Reuters. The longer version of “Deconstructing The Black Magic of Securitized Trusts” was published earlier this year by the Stetson Law Review. From 2003 to 2007, Florida saw the largest real estate boom in its history. Real […]
Homeowners everywhere should be looking at California and taking notice. The government there is finally taking the power away from the banks and placing it back in the hands of the homeowners. Outside of Florida, no state has been quite as devastated by the fraudclosure crisis as California has, so it comes as no surprise that they would be at […]
This commentary was originally published on Yahoo! Homes and is being redistributed on South Florida Law Blog with their permission. Huh? What do “Obamacare” and the foreclosure crisis have to do with each other? Simply put, the legal debate over Obamacare largely centered on the individual mandate, a law that would require people to buy health insurance whether they wanted […]
It never ceases to amaze me the glaring duality of the world I live in. I am constantly reminded that we live in world where you and I have to play by one set of rules, yet the vast financial complex that resides on Wall Street isn’t held to even a fraction of those standards. The latest example comes way […]