Posts Tagged ‘Foreclosure Defense’

Sun Begins to Break on Florida Housing Market

Thursday, March 31st, 2011

Sun begins to shine on Florida real estateAfter 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 good deals.

On the shopping front, an Experian Hitwise webinar reveals traffic to real estate web sites is up 27 percent in February. That’s the highest gain since the first half of 2009. Although rentals are the key beneficiary, it still bodes well for investors trying to rent property and hold on until property values rise.

But consumers are also buying single-family homes and condos across Florida, and specifically in Miami and Fort Lauderdale. Seems that confidence is starting to slowly come back even if prices are not moving much.

Home and condo sales rose in Florida rose during February, according to the Florida Realtors. Existing home sales increased 13 percent in February with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010. And February’s statewide sales of existing condos rose 29 percent compared to the previous year’s sales figure. Meanwhile, Florida’s median sales price for existing homes last month was $121,900. A year ago, it was $124,500 for a 2 percent decrease.

The Miami Association of Realtors and the Southeast Florida Multiple Listing Service is also reporting good news. Single-family homes and condominiums sales in Miami-Dade County increased 22 percent in February compared to a year earlier. One stand out on the condo front is Canyon Ranch in Miami Beach, where 46 units have sold since October 2010. Ft. Lauderdale posted an 8 percent month-over-month gain in February even as housing inventory declined.

“The housing market is healing with sales fluctuating at times, depending on the flow of distressed properties coming on the market,” says National Association of Realtors Chief Economist Lawrence Yun. “The broad fundamentals for a housing recovery are developing. Job growth, high housing affordability and rising apartment rent are conducive to bringing more buyers into the market.”

I  want to agree with Yun. Although there are still areas of South Florida where the housing market is raw, the massive bleeding has eased. Distressed properties are getting worked out, albeit slowly. With the economy showing signs of improvement and the job market seeing an uptick in South Florida, there is hope for investors and homeowners alike that the worst of the torrential storms may have blown past us.

Looking for timely, strategic, and educated guidance in Florida real estate transactions? Check out our sister site Weston Title!

As David Stern’s Foreclosure Mill Closes Down, a Miami-Dade Judge Dresses Down a Foreclosure Mill

Wednesday, March 16th, 2011

 

 

On a recent Friday morning in Miami-Dade County, Judge Maxine Cohen Lando went on the record to dress down a foreclosure mill in such a fashion that it brought chills to any lawyer who is a member in good standing of the Florida Bar.

The foreclosure case was before the court because the defendant had brought a motion to dismiss the foreclosure with prejudice.  The judge, having previously become annoyed with the bank and the bank’s counsel, had requested that there be an order to show cause.  The judge was questioning the pleadings and wanted the foreclosure mill representing the bank to come forward and prove that they had not been involved with any inappropriate conduct.

 

 

The judge was clearly upset and said to the banks’ attorneys:

Counsel, this is all speculation. What we are here about is lawyers practicing law correctly. Lawyers reviewing the documents they submit to the court and making sure that they are correct before they are submitted. “It’s not my fault”, “this is a clerical error” and “the dog ate my homework” isn’t going to do.

The court went on to question what kind of supervision is going on at the foreclosure mills and whether the named partners were in any manner setting up the proper systems to ensure that quality work was being produced.  The court specifically stated that legal work being dished out in a factory-like fashion may “be okay for you, but it is not okay for the court.”

The judge further questioned whether the attorneys gave legal counsel to their clients, stating:

Or is it just that you do everything your clients tell you to do, you blindly submit papers, that get thrown in front of the court. And that’s what I’m seeing with this case, It is not the only one like this.

So finally we are seeing a judge who is taking the entire foreclosure production process to task;  a judge who is no longer afraid to tell the truth and do her job. The judge further says that she will dismiss the foreclosure completely because of the unclean hands on the part of the bank.  She told the banks’ lawyers:
You are walking in here totally unprepared, except to make a bunch of flimsy excuses and to say, “judge I’m really sorry, please don’t hurt us, we’re going to do better now.”

The judge was further annoyed that when she personally had tried to call the law offices of this particular firm, she was unable to get through.  Judge Lando further stated:

I couldn’t get a human being on the phone . . . and if I’m not mistaken opposing counsel came before the court and also testified that.  I hear time after time from your office, which is why I had to put this case over, that even when I fax you things I have lawyers walk in here and go “well we don’t get the faxes.”  Now I know you get the faxes. Who the heck is reading what is sent to your office?  You’re certainly not.

The judge finally made it very clear that if the lawyer doesn’t care enough to review what is supposed to come in front of him, where:

Your bar license is on the line, because you bet this gets sent, not only does the president of the Florida Bar want to know about these things but so does Tallahassee.  And if you don’t think that I’m going to send it to them, and I’m going to send them this transcript, you’re wrong sir.  The fact that you have not reviewed even what was submitted to this court, tells me that you don’t take any of this seriously.  As a judge for 20 years and a lawyer for 16 more, I have learned to go on what people do not on what they say.

After further ranting and scolding the court goes on to say that it is finding the attorneys in contempt for failure to properly review the documents and for submitting them to the court improperly reviewed.  The court states that:

This is not lawyers’ work.  This is not the work that lawyers do and this is not a properly filed lawsuit because I’m questioning whether you even had the proper documentation in the first place . . . but if you cannot hear what I’m saying to you, which is you’re a lawyer and you can’t file things until your ducks are in a row.  I don’t care what the banks—your clients—are telling you.  Your job is to give your clients legal advice and you’re not doing it.  You’re acting as a robot for a plaintiff who is not even giving you the information you need to file a proper foreclosure.  Now if you choose to do that, you do that at your peril before this court . . . Don’t file foreclosures unless you have all your documentation, all your assignments, your note, your mortgage and everything is in a row.  Don’t file it period.  That’s proper procedure and you tell your clients you are unable to file it.  My experience is that lawyers who walk in here from these firms do nothing but a bunch of foreclosures every day, uncaring about their professional responsibility and this is a really good example of it.

The court goes on to discuss courtesy and dignity in response to the attorney’s statement that “I’m all in favor of treating defendants with respect, courtesy and dignity.”  The judge exclaimed:

Courtesy and dignity?  I, a judge, couldn’t get a lawyer on the phone.  You tell me how that is courteous and dignified?  You say that you think that every litigant should be treated courteously and with dignity.  Do you know how many litigants have walked into this courtroom and said “I can’t get a lawyer on the phone.  I don’t know who to talk to.”  They can’t get anybody on the phone.  Now, if you’re going to represent these banks, these mortgage companies, then you will be accessible.  And you are not.  I know that from my own experience of trying to get someone from your firm on the phone. How about this?  You should take less cases, because you clearly can’t handle the cases you’ve got.  So if that means you make less money, that’s not my problem either.  None of that is my problem.  This level of practice is shoddy.  It is grossly negligent.  It is worthy of a judge looking at it, and saying what is going on here?  How dare you file something like this?  And come in front of the court on a motion for final summary judgment with this sort of pleading and with this sort of backup information. … And the court will draft an order finding you in contempt, finding you grossly negligent and I’m sending this to the Bar.  This is just enough.  It’s time that somebody looked at this stuff and reacted instead of waiting until you come in front of the judge having a judge dress you down which I’m very sorry to have to do and then say, “Wait a minute.  We can fix this.”

Finally, after close to three and a half years of pleading with judges and telling them what was wrong and how they were being duped to become a private collection agency for the banks when the banks had taken advantage unduly of homeowners, the law, our system of justice, we finally have judges waking up from their deep sleep and realizing what has happened.

But this is America, and in America we always eventually wake up from our deep slumber and set the record straight. Sometimes it takes a little too long, but invariably we eventually get it right.  In this case, and in this situation that is happening one case, one judge, and in one courtroom at a time.  At the end justice will prevail and it is great to be a practicing lawyer helping to set the record straight.

In the trenches,

Roy Oppenheim

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Red Carpet Winners, Short Sales and Oppenheim Law’s March Real Estate Workshop

Wednesday, March 2nd, 2011

Join Florida Foreclosure Defense and Short Sale Attorney Roy Oppenheim March 9th at 6 PM.

“Not a single financial executive has gone to jail”…that is how Producer Charles Ferguson rocked the Oscars by starting his acceptance speech for winning best feature documentary for  ”Inside Job,” a film about the 2008 financial system meltdown. How appropriate.

Meanwhile, Florida real estate is no red carpet winner when it comes to the housing market. Oppenheim Law announces its real estate webinar streaming live Wednesday March 9th at 6 pm, designed to help Florida homeowners use today’s economic conditions to their advantage and fashion their own bailouts.

In this timely workshop, Oppenheim shares fresh insights, including:

  • How the rising price of oil will affect the American job market, and in turn affect the housing market.
  • What these trends mean for Florida foreclosure defense and how homeowners can use these events to their advantage to engineer and structure a short sale.
  • The impact that a sluggish start to the national “selling season” will have on a local level.
  • Why home prices will continue to drop in the months ahead.
  • And how a double dip recession could impact homeowners in the coming months.

Florida real estate is not immune to the financial system melt down or the recent world events, according to Florida Foreclosure Defense Attorney and Legal Blogger Roy Oppenheim.

As revolutionary tremors continue to spread through the Middle East and actual tremors rocked New Zealand with a 6.3 magnitude earthquake, Oppenheim Law offers insight on how these international events could impact Florida’s real estate market as well as sharing the latest legal trends in foreclosure defense and short sales strategies.

What: Global Impact on Florida Short Sales and Foreclosures Workshop

Where: Oppenheim Law TV

Or come in person:

95 NW 11th St., Boca Raton, FL 33432

Cost: Free with advanced registration

RSVP: To register, email jackie@oplaw.net or call 954.384.6114

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

Thursday, February 3rd, 2011

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 this Wednesday, February 9 at 6pm via Oppenheim Law TV or in person:

95 NW 11th St., Boca Raton, FL 33432
Cost: Free with advanced registration
RSVP: To register, email jackie@oplaw.net or call 954.384.6114

We’ll cover how the protests in Egypt, Florida’s new governor’s stimulus ideas, Obama’s agenda, bankrupt states, and even massive snowstorms are poised to make a direct impact on Florida foreclosures and short sales.


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