Prof. Calls for Foreclosure Moratorium; Widespread Media Follows

Prof. Calls for Foreclosure Moratorium

10/18/2010 | Facebook | Twitter | Email

Date: 10/18/2010

 

Professor Raymond Brescia's recent article on The Huffington Post called for a moratorium on foreclosure proceedings. Since that time, interviews by reporters, including the Associated Press and the New York Times, appeared in hundreds of newspapers around the country.

His online article draws attention to Ally Financial (formerly GMAC) and JPMorgan Chase admittedly filing fraudulent documents in hundreds of thousands of foreclosure actions.

He also draws attention to the practice of "robo-signing," in which bank officials falsely allege that they have reviewed bank records in preparing the documents; the officials claim to have signed the documents when an electronic signature was often used; and notaries were nowhere to be found when the documents were prepared.

In his piece, Professor Brescia argues that "a halt to foreclosures is necessary to ensure that the judicial system is not used to perpetuate and endorse fraud, and that our courts honor the due process rights of homeowners."

Prof. Brescia's recent work focuses on the sub-prime mortgage crises and legal housing issues. Before coming to Albany Law, he was the Associate Director of the Urban Justice Center in New York City, where he coordinated legal representation for community-based institutions in areas such as housing, economic justice, workers' rights, civil rights and environmental justice. He also served as an adjunct professor at New York Law School from 1997 through 2006.

Prior to his work at the Urban Justice Center, he was a staff attorney at New Haven Legal Assistance and the Legal Aid Society of New York, where he was a recipient of a Skadden Fellowship after graduation from law school. He also served as Law Clerk to the Honorable Constance Baker Motley, Senior U.S. District Court Judge for the Southern District of New York.

While a student Yale Law School, Professor Brescia was co-recipient of the Charles Albom Prize for Appellate Advocacy; was a student director of several clinics, including the Allard K. Lowenstein International Human Rights Law Clinic and the Homelessness Clinic; and was Visiting Lecturer in Yale College.