Friday, November 12, 2010

Peter Ticktin Says Client Mortgages OK!



You know that foreclosure defense attorney who is taking out mortgages on his clients' homes?

Turns out he was twice sanctioned by the Bar and they're taking a look at this issue as we speak:
Peter Ticktin, whose license has been suspended by the Bar twice since 2009, told the Times that the second mortgage would take effect only if he succeeded in having the foreclosure dismissed and the homeowner’s loan reduced. He also said his firm never would foreclose on his own clients should they stop paying on their second mortgages.

Elizabeth Tarbert, the Bar’s ethics chief, declined to say whether the unusual payment arrangement detailed in the article violates bar rules governing conflicts of interest. Bar spokeswoman Francine Walker said only that the disciplinary body’s investigation centers on Ticktin’s quotes in the Times article.

Ticktin said he was not aware of the most recent Bar investigation but defended the practice, saying his research indicated regulations allow attorneys to secure fees using mortgages. The Bar already had examined his retainer agreement in Tampa’s judicial district, where he also has an office, and found nothing inappropriate, he said in a telephone interview.
 “We believe it is ethical, appropriate and the only way some people will get representation,” he said.
Belief is a funny thing.

For example, I believe in unicorns, Bigfoot, and that Charlie Sheen just had an adverse reaction to over-the-counter flu medication.

Indeed, wasn't it Oscar Wilde who said "I can believe anything provided it is incredible"?

23 comments:

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  4. Peter Ticktin is correct.

    While protecting his clients against mortgage predators he is receiving 40% compensation against what was saved. That's what all attorneys do.

    So what if it goes on the mortgage it's still a smaller mortgage.
    Bankers are the original gangsters.
    Somebody got to stand up to these criminals.

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  6. I would like an opportunity to defend myself. It is true that I was suspended twice. Once was for a conflict of interest where the judge found that I was of "high moral character." I never lied to anyone or deceived anyone, and this was also found by the judge and accepted by the Florida Supreme Court. I'm not saying that I didn't do anything wrong. I did, and I cannot tell you how much I regret having to have taken the action I did against a former client to protect his innocent investors and employees. The point is that my actions were unethical but not immoral. Also, the second suspension was for paying an out-of-state attorney a referral fee. This also was unethical but not immoral. These were 2 serious mistakes I made in more than 40 years, which have caused me great distress and for which I learned a serious lesson. Unfortunately, the headline, "Suspended Twice," leads to a suggestion of being on the dark side. Those who know me, know better. Yours, Peter Ticktin

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