Posts Tagged ‘Florida foreclosure law’

Goldilocks and the Three Bears: Here We Go Again “The New Normal: Foreclosures Not Abating Until 2013

Friday, October 23rd, 2009

After reviewing the recent numbers for 2009 published by RealtyTrac, nothing is “just right” and won’t be for some time. With foreclosures on the rise in 2009, the new “three bears” to hit the market have nearly doubled the number of foreclosures this year, and the trend will not be ending anytime soon.

 

The highest growth in the foreclosure market has been a result of three types of foreclosures; (1) delayed sub-prime foreclosures from 2008; (2) higher default rates on Option ARM loans, and (3) a significant rise in unemployment related foreclosures.  With numbers indicating that 1 out of every 6-10 unemployed will face foreclosure, Goldilocks better find somewhere else to take a nap because there won’t be many family-owned homes left when the dust settles.

 

The “new normal” appears to be a staggering number of foreclosures, and is not expected to return to pre-recession figures until 2013. Foreclosures are expected to rise the rest of the year, and peak throughout 2010 and 2011. In Florida, we can expect to have about 40-50% of the foreclosures in the country, and half of these will be in South Florida. At this rate, Goldilocks will be old enough to buy her own house by the time the market rebounds.

 

Roy Oppenheim’s Free Legal Real Estate Workshop Helps Homeowners: Know Your Rights, Save Your Home

Wednesday, October 21st, 2009

Fort Lauderdale, FL – October 20 2009

Foreclosures happen to all ages. Reporting the latest Florida foreclosure news, stats, tips and legal insight is Attorney Roy Oppenheim and his staff.

Foreclosures happen to all ages. Reporting the latest Florida foreclosure news, stats, tips and legal insight is Attorney Roy Oppenheim with his clients.

Protecting yourself and your home in this turbulent economy and Florida real estate market is easier said than done.  Roy Oppenheim, Oppenheim Law’s legal blogger and foreclosure defense attorney, believes understanding your legal rights greatly increases your chances of survival and recovery.

Oppenheim’s monthly legal workshops are designed to assist both homeowners and real estate professionals.  The November workshop will not only focus on defending Florida foreclosures, but will also include a state of the economy update and valuable tips on buying and selling South Florida real estate.

What:         Florida Housing Help: Free Real Estate Workshop
When:        Thursday, November 5, 2009 – 6:00 to 7:00 PM
Who:          Real estate professionals and homeowners facing foreclosure, buyers, and sellers
Where:       2500 Weston Rd Ste 404, Weston, FL 33331
Cost:           Free with advanced registration
RSVP:        To register email roy@oplaw.net or call 954.384.6114

Oppenheim Law’s November workshop will highlight the following foreclosure defense strategies and real estate tips:

•    Learn the process of foreclosure and how to defend your home
•    Learn tips on applying for a mortgage modification and the best time to apply during foreclosure
•    Insider information about counterclaims against the banks and deficiency judgments
•    How to locate and purchase foreclosed properties substantially below market value.
•    Tips on finding, buying, and selling short sales
•    Insight on current Florida home prices and the right times to buy/sell
•    Oppenheim will also discuss: deed in lieu, second mortgages, and Chapter 13 bankruptcy

Address: 2500 Weston Rd, Ste 404 in Weston, FL 33331.
Phone: 954.384.6114

Learn: http://www.oppenheimlaw.com
Fan: www.facebook.com/oppenheimlaw
Close: http://www.westontitle.com
Follow: http://twitter.com/oplaw

Florida Foreclosure Attorney Gets Social

Thursday, February 5th, 2009

Looking for ways to connect with expert legal advice including Florida foreclosure defense through social networks like Facebook, Twitter, and YouTube?

Now you can connect, subscribe, tweet, and interact with me on topics including foreclosure law and whatever the latest headline legal news might be. I am  sometimes called a news junkie and read various legal and daily  publications  including the Wall Street Journal  and The  New York Times.

Check out the latest news with the launch of my social media channels.

Law Blog Launches with Florida Foreclosure Focus

Monday, January 12th, 2009

Welcome to the first post of the Oppenheim Law Blog, focused on South Florida foreclosures.

We started this blog to keep you up to date on newsworthy legal topics, such as Florida foreclosure law, internet ventures, and personal injury law.  Our Florida law professionals will give advice on how these topics affect you and how you should respond. The general public, the news media, and the legal industry will find this blog a valuable resource to keep a finger on the pulse of legal issues in South Florida. We hope you will engage with us, leave comments, and ask questions as you stay informed about legal matters that matter to you.

Pondering Shays’ Rebellion and Florida Foreclosure Laws

You may be reading stories about our Fort Lauderdale law office’s commitment to foreclosure defense. I wanted to take a moment to explain why we’re so dedicated to defending homeowners struggling through the judicial system.

Do you remember Shays’ Rebellion? Some call it the “last battle of the American Revolution.”

Revolutionary War Captain Daniel Shays helped organize an insurrection against the Massachusetts government in 1787. Unfair laws, high property taxes, poll taxes and unjust court procedures made life worse than before America’s independence from the United Kingdom. While government officials had excessive salaries, those in debt were jailed.

Long story short, the rebellion in the face of this financial and economic crisis led the government to reevaluate the Articles of Confederation and was the impetus to the Constitutional Convention. The result was a new and stronger government under the United States Constitution.

I don’t expect an armed uprising during Florida’s foreclosure crisis, but I do expect homeowners to get upset when they discover that, in many cases, Florida lenders are foreclosing on them without any proof of loan ownership. Some banks are violating homeowners’ Constitutional rights in terms of due process by failing to produce these documents – a legal requirement of foreclosure.

Our internal investigations show this happens more than we’d like to think. So we’re up in arms, so to speak, for homeowners. We want to ensure that homeowners are fairly represented in a court of law and that due process is followed. The bottom line: if the bank can’t prove ownership, they can’t foreclose.

See my recent news about Florida foreclosure law: http://www.oppenheimlaw.com/