A VALENTINE REMINDER:
It seems impossible that January of 2012 is gone, and February is already pushing us toward Valentine’s Day.We invite you mark your calendars to remember shopping for cards, gifts, roses and chocolates.
This special day could also be an excellent time to show your love to your favorite charity with a donation or a few hours of volunteer work in our Ovieda community, or your own hometown.
MAJOR NEWS: THE FINANCIAL FRAUD ENFORCEMENT TASK FORCE
We at the Law Offices of Julie Eason Smith watch for law news at the national level as well as here in Florida. This week we spotlight the latest news concerning mortgages, since many of our clients are interested in real estate laws and mortgage practices.
President Barack Obama recently appointed the New York State Attorney General, Eric Schneiderman as the chairman of a special committee. The group is part of the new national office on Mortgage Origination and Securitization Abuses.
They will be cooperating with the justice department as part of the president’s Financial Fraud Enforcement Task Force. Under Schneiderman’s direction, they have three challenging goals:
First, they will investigate violations of the mortgage laws. Secondly, they will enforce compensation of victims.
Thirdly, they plan to implement relief for homeowners stressed by the recent real estate decline.
Referencing this new task force, in his State of the Union Address, President Obama said, “The American people deserve a robust and comprehensive investigation into the global financial meltdown to ensure nothing like it ever happens again.”
He also stated that some banks had sold mortgages “to people who couldn’t afford or understand them.” He accused such banks of making “huge bets and bonuses with other people’s money.” Concerning the new committee, he added, “The announcement is a major step in the right direction.”
In response to his presidential appointment, Eric Schneiderman stated “In coordination with our federal partners, our office will continue its steadfast commitment to holding those responsible for the economic crisis accountable…”
He pledged to “get the economy moving again” through the actions of his committee.
A glance at this New York Attorney General’s record reveals that he has previously investigated some very large financial institutions as part of his his New York duties.
The Law Offices of Julie Eason Smith wish Eric Schneiderman the best of luck as he and his committee begin their challenging new work.
As always, we thank you for checking our blog and reading our late-breaking legal news. We promise our friends and clients that we stand ever vigilant concerning your real estate and mortgage laws. Our next blog will bring you the details of the Florida probate laws and the true story of Valentines’s Day.
