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.”…(read more)

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Roy Oppenheim on AG Settlement, Bank Bailouts, Homeowner Sellouts

Roy Oppenheim, a successful lawyer and a partner at Oppenheim Law, has been a vocal advocate for homeowners’ rights in the aftermath of the 2008 financial crisis. In recent years, he has been particularly outspoken about the AG Settlement, bank bailouts, and the sellout of homeowners.

The AG Settlement, also known as the National Mortgage Settlement, was a 2012 agreement between the federal government, 49 state attorneys general, and five of the largest mortgage servicers in the country. The settlement was intended to provide relief to homeowners who were negatively impacted by the mortgage crisis, but Oppenheim has been critical of its effectiveness.

In a recent interview, Oppenheim stated that the AG Settlement “was nothing more than a band-aid on a gaping wound”, arguing that it did little to address the root causes of the crisis or provide meaningful assistance to homeowners. He pointed out that the settlement ultimately let banks off the hook for their role in the crisis, while failing to deliver on its promises to help struggling homeowners.

Oppenheim has also been a vocal critic of the bank bailouts that followed the financial crisis. He has argued that these bailouts disproportionately benefited the banks and Wall Street at the expense of everyday homeowners. Oppenheim has been a strong advocate for holding the banks accountable for their actions and ensuring that they are held responsible for their part in the crisis.

In addition, Oppenheim has been highly critical of what he sees as sellouts by homeowners who have accepted inadequate settlements from the banks. He has warned homeowners not to be lured into accepting lowball offers that do not adequately address their financial hardships. Instead, he has urged homeowners to seek legal assistance and fight for fair compensation and relief.

Oppenheim’s passion for advocating for homeowners’ rights has made him a respected voice in the legal and financial communities. He has been at the forefront of efforts to hold the banks accountable and secure fair treatment for homeowners who have been impacted by the mortgage crisis.

In conclusion, Roy Oppenheim has been a tireless advocate for homeowners’ rights in the wake of the 2008 financial crisis. His criticisms of the AG Settlement, bank bailouts, and homeowner sellouts have shed light on the ongoing challenges faced by homeowners and the need for continued advocacy and legal support in the effort to secure fair treatment and relief.