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Tag: Florida short sales

Oppenheim Law Reports Short Sales Up, Saves Homeowners Millions

In an official Florida real estate news release, Oppenheim Law reports about 80 percent of its Florida foreclosure clients had deficiencies completely waived once they closed their short sale, also known as a pre-foreclosure sale, saving homeowners more than $16 million dollars in 2010/2011. The lesson learned: by working with the banks, homeowners can craft their own real estate bailout […]

Short Sale Deficiencies Now Illegal in California. What About Florida?

Thu Jul 28, 2011 by on Florida Law News & Short Sales

Welcome back to the Divided States of America. Oppenheim Law has been discussing the chasm that exists in our country between recourse and non-recourse states for years. (Check out Roy Oppenheim’s Op Ed piece in the Sun-Sentinel) It now appears that rift is widening. In non-recourse states, like California, a lender may not pursue a deficiency following a foreclosure sale […]

Florida Real Estate’s Mortal Enemy: Excess Inventories

What is killing Florida real estate? Excess inventories and falling home prices. House prices have been continuously falling for the first time in 70 years, and South Florida homeowners should expect the trend to continue. A surplus inventory of houses caused by Florida foreclosures and short sales is the mortal enemy of home prices. Lower prices are needed to sell […]

REMICS – The New Vehicle for Banks to Defraud Taxpayers

Thu May 5, 2011 by on Florida Law News

As Florida real estate slowly pulls itself out of the foreclosure fraud files; there is finally a government agency standing up to the bully of banks! The IRS. Last week, Reuters News Service published an exclusive article exposing yet another way the banks have been defrauding taxpayers. This time it wasn’t directly through improper lending practices, robo-signing or bad assignments […]

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 […]

Elm Street or Main Street: Roy Oppenheim on Foreclosure Nightmare on Main Street

Foreclosures are back… just like Freddy Krueger. Just like in the horror films when things start to calm down and get back to normal… out pops Freddy Krueger again to scare the living daylights out of you. Well, that seems to be the case here in Florida as it relates to real estate and foreclosures. The news this past week […]

Broward County Order Gives Homeowners Short End of the Stick… Again

Broward County homeowners now face an additional hurdle when trying to complete a loan modification or short sale to avoid a Florida foreclosure. In Sun-Sentinel reporter Paul Owers’ blog House Keys, Owers discusses the ramifications of Broward County now requiring 10 days’ notice to cancel residential foreclosure auctions according to an administrative order signed by Broward Chief Judge Victor Tobin. […]

Another Black Swan! Egypt's Impact on Short Sales and Foreclosures Workshop

The ‘black swans’ just keep on coming, as underwater homeowners brace themselves for a new set of rules in 2011. Amid international struggle, national weather crises and local real estate unrest, new data shows that real estate prices continue to drop while short sale rates are skyrocketing. Want to learn more? Attend Oppenheim Law and Weston Title‘s Real Estate Workshop […]