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Category: Foreclosure Defense

Banks Desperately Seeking Short Sales

There is an interesting practice developing at our nation’s big banks. Borrowers who are in or nearing foreclosure are being offered thousands of dollars to short sale their homes. Some are even being offered $35,000 to get rid of their homes, and quickly. This situation presents an intriguing insight into the way banks are thinking at the moment. Banks would […]

Poor Wall Street: Everyone Is Picking On Them

Who would ever have thought that the most respected names on Wall Street would cheat the house by playing with a marked deck? Dear Wall Street: We’re not in Vegas anymore! The Sin City “players” of Wall Street might be trading in the fancy hotel rooms for prison cells. The SEC is now following the Federal Reserve and the Senate […]

Deficiency Judgments Haunting Return, Jason Lives Once Again

Like the never ending horror franchise, deficiency judgments are back. A Florida deficiency judgment occurs when a bank pursues the remaining balance on a mortgage either after a foreclosure or, in theory, after a Florida short sale. Most banks are currently too busy to process deficiency judgments because they are dealing with foreclosures and short sales. Due to the large […]

Budgetary Hardball Almost Forces Court Closures: Courts’ Reliance On Foreclosure Fees Exposed

The Florida Court system, including judges, nearly faced mandatory furloughs and unpaid vacations due to an emergency shortfall in its budget. Court employees faced up to 30 days of unpaid vacation through the end of May. The reason for the short fall was the precipitous drop in foreclosure filings, which generated the fees the courts relied upon for the majority […]

Foreclosure Auctions are not eBay or Child’s Play. Novice Investors Beware!

Investors looking for a great deal at Florida foreclosure auctions may want to think twice before clicking “Buy Now”. Records show amateur investors are falling victim to a simple mistake that’s costing them thousands. When novice real estate investors turn up at foreclosure auctions, what they don’t know is they are often bidding on second or third mortgages. These mortgages […]

The Stunning Hypocrisy In Foreclosures: Scott Pelley Interviews Robo-Signers

In an eye-opening piece by 60 Minutes this week, Scott Pelley managed to actually interview robo-signers who had forged documents that allowed banks to foreclose on thousands of homes illegally. As we have discussed over the past few years, these document mills re-created the necessary documents that banks were too lazy to keep track of in the heyday of the […]

Oppenheim Law Weekly Winners and Losers: Pending Home Sales, Mortgage Fraud, Job Markets and Subprime Bonds

Reporting on the winning and losing headlines, South Florida Law Blog brings you the break down and what this means to the Florida homeowner. While South Florida is #1 for mortgage fraud and foreclosure settlement talks between banks and the Obama administration appear futile at best, this week’s new was not all doom and gloom. Check out Oppenheim Law and Weston […]

Sun Begins to Break on Florida Housing Market

After a few years of torrential storms blowing against the housing market, residential real estate in the Sunshine State is breaking through the dark clouds. Although the forecast calls for scattered rain showers in 2011, the media is starting to report rays of light that signal a recovery. Consumers are definitely shopping—and they are buying even if it is for […]