Roy Oppenheim on AG Settlement, Bank Bailouts, Homeowner Sellouts

http://www.oppenheimlaw.com/firm-profile.html

The foreclosure settlement deal is too sweet for the banks and not worth a "deal with the devil" South Florida Law blogger and foreclosure defense attorney Roy Oppenheim told Fox News national correspondent Phil Keating in this week's national segment on America's Newsroom airing to more than 2 million households.
Oppenheim contributed to a Fox News segment detailing the latest insult aimed at homeowners, this time by the state attorneys general. The penalty for grand larceny in Florida carries a maximum prison sentence of five years, but the banks that caused a worldwide economic meltdown in 2008 may only get a slap on the wallet. There is currently a deal in the works that would offer lower penalties brought by state attorneys general in exchange for the banks cutting $25 million worth of principle off distressed loans.
"It is a drop in the bucket," says South Florida foreclosure defense attorney Roy Oppenheim, "and I don't think it's worth the deal with the devil to give up our rights to bring the proper action against the banks."

Category:

News & Politics

Tags:

• foreslosure