Archive for the ‘Florida real estate’ Category

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The Daily Show and Mortgage Banker’s Association; Roy Oppenheim Offers Technical Insight

Thursday, October 14th, 2010

The foreclosure “walk of shame” happens to the best of us; even the Mortgage Banker’s Association (MBA). When Roy Oppenheim received a call from the producers of The Daily Show with Jon Stewart; he knew this was not the typical call from a distressed homeowner facing foreclosure. This was about a topic Oppenheim had shared on his blog months ago. The Daily Show news team was sniffing out a story of satire and realism, piecing together the irony of The Mortgage Banker’s Association’s Strategic Default.

Homeowners are walking away from mortgages even when they can afford to pay, and so is the MBA. Yes, the MBA walked away from its headquarters, a $79 million building they purchased three years ago in Washington D.C.

Oppenheim discussed in several South Florida Law Blog posts why he thinks MBA President and CEO John Courson is clueless when it comes to morals and ethics. He was happy to shed insight to the Daily Show producers on the irony of MBA’s own strategic default considering Courson’s countless media quotes questioning the homeowner’s moral obligation to pay the mortgage.

An excerpt from The New York Times:

John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal that homeowners who default on their mortgages should think about the “message” they will send to “their family and their kids and their friends.”

For more foreclosure news, stay connected with Oppenheim Law on Twitter @oplaw, Facebook and YouTube.

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Posted in Bank Fraud, Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Mortgage Bankers Association, Roy Oppenheim, social media, The Daily Show | 1 Comment »

Foreclosure Circus Act? Banks Apologize and Homeowners Suffer, Roy Oppenheim Responds

Tuesday, October 12th, 2010

It is not just the daily news, it is the hourly news. The Wall Street Journal and The New York Times are reporting multiple stories daily about the unfolding developments and ramifications of the recent suspensions by four major companies that service mortgages and how this crisis will undoubtedly slow the housing recovery.

Foreclosure Fraud

Roy Oppenheim wrote a letter to the editor of The Wall Street Journal in response to its The Politics of Foreclosure editorial that ran Saturday, October 9th. Oppenheim’s letter pointed out how the opinion article missed a number of significant legal, as well as macro-economic issues, that South Florida Law Blog will post if it is not printed by The Wall Street Journal.

Yesterday’s Wall Street Journal article: Foreclosures, Forestalled by reporter Robbie Whelan discusses the cause and effect this moratorium could have on the housing recovery.

Here is an excerpt:

Consumer advocates say the judicial process gives consumers a better chance to work out their problems. But Florida’s court system is so overwhelmed with foreclosures that last year it began calling judges out of retirement to handle hundreds of foreclosure cases a day in a forum that became known as the “rocket docket.”

The New York Times article: A Foreclosure Tightrope for Democrats had some profound quotes worth sharing.

“Irresponsible banks need to be held accountable, but if we have not found a problem with a bank’s process we do not believe that we should impose a moratorium where that can hurt the market and hurt individual buyers,” said Shaun Donovan, secretary of Housing and Urban Development.
(more…)

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Posted in Bank Fraud, Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Foreclosure Defense, Foreclosure Fraud, Roy Oppenheim, The Wall Street Journal | 1 Comment »

The F Words: Fraud and Foreclosure – Watch Roy Oppenheim’s Workshop Replay on Bank Fraud and Mortgage Foreclosure

Friday, October 8th, 2010

Toxic and contaminated.

You’d think we’re referring to an environmental wasteland. Instead these are the words Roy Oppenheim used to describe the state of the mortgage and foreclosure crisis in this week’s special workshop stamped: Toxic Foreclosures and Foreclosure Fraud.

‘Foreclosure Bill Blocked’ reads today’s Wall Street Journal headline. As Oppenheim suggested a few days ago, Obama today announced his first significant veto amid a debacle over banks’ paperwork.

False Data = Fraud

This afternoon, Bloomberg News reported Bank of America Corp., the biggest U.S. lender, extended a freeze on foreclosures not just to 23 states but to all 50 states as concern spread among federal and local officials that homes are being seized based on false data.

“When I was in law school my professors would say that real estate law was notorious for moving in glacier time,” said Oppenheim in his Wednesday night monthly foreclosure defense workshop. “The lightning speed of what has happened in the last few weeks could not have been predicted, it will take decades to recover from the banks’ cracked egg. Humpty Dumpty has fallen and can not be put together again.”

Watch Roy Oppenheim’s Foreclosure Defense Workshop on his YouTube Channel and see how this will impact your life whether you are in foreclosure, lost your home to foreclosure, trying to sell your home or considering to purchase a home.

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Posted in Bank Fraud, Florida foreclosures, Florida Law News, Florida real estate, Foreclosure Defense, Foreclosure Fraud, Foreclosure Workshop, GMAC, Roy Oppenheim | 3 Comments »

Roy Oppenheim Speaks on Toxic Foreclosures and Foreclosure Fraud Workshop

Wednesday, October 6th, 2010

The real estate industry is more toxic than ever. Thanks to the banks that delivered toxic loans to homeowners, now we have toxic foreclosures!

Florida Foreclosure Attorney and Legal Blogger Roy Oppenheim hosts a workshop on this unprecedented topic: The Mortgage Foreclosure Crisis. The unfolding story is also reported on this week’s CBS 4 I-Team investigation.

This is a must attend, either via webcast or live in person, for:

  • Those currently in foreclosure;
  • Those who may have lost their homes illegally to an improper bank foreclosure by GMAC, JPMorgan Chase, Bank of America or other lenders;
  • Those who may have purchased a home recently via an illegal foreclosure;
  • Those who own “clean homes”; meaning they are not delinquent and want to sell their property now;
  • People looking to buy a home and wondering what they must do to protect themselves; and,
  • Anyone connected to the Title Industry.

What: Toxic Foreclosures and Foreclosure Fraud Workshop

When: Wednesday, October 6, 2010 – 6 to 7 p.m.

Where: Oppenheim Law TV

Or come in person

2500 Weston Road, Suite 404, Weston, FL 33331

Cost: Free with advanced registration
RSVP: To register, email roy@oplaw.net or call 954.384.6114

Email us questions ahead of time and we will try to work them into the one-hour workshop!

RSVP early, Space is limited. More details can be found on the Oppenheim Law website.

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Posted in Florida foreclosures, Florida real estate, Foreclosure Defense, Foreclosure Fraud, Foreclosure Workshop, Roy Oppenheim, social media | No Comments »

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