Posts Tagged ‘real estate attorney’

Two-Faced Freddie Mac, The Fiscal Cliff and the Obamacare Real Estate Tax, 2012’s Top Headlines Continued

Friday, December 28th, 2012

Happy New Year

Continuing our recap of our most popular blogs from 2012…

#5 — Robosigning Settlement Proves Sky Was Falling! Chicken Little Was Right!

Yesterday’s robosigning settlement that all but one state ultimately signed off on, was far from perfect.

Let’s make that perfectly clear.

Depending on what you have read, you might be outraged, you might be relieved, you might be overjoyed. And the target of your wrath or sympathy might depend on your own personal perspective.

But make no mistake about it, yesterday was a day of reckoning, for me, and much more importantly, for the people I represent.

Read the full post here.

#4 — What I Tell Clients Who Receive A Foreclosure Notice

As a real estate attorney, I’ve had plenty of prospective clients come to my office after being served with a foreclosure notice. It is safe to say they are usually not in a good mood; they are usually scared.

And the truth is I would be too.Foreclosure can be a scary process for even the most legally astute homeowner.

When a homeowner walks into my office for that first time, there is one question that comes up almost every time. It’s a basic yet very essential question to anyone under the threat of foreclosure…

What do I do next?

Read the full post here.

#3 — Freddie Mac — Playing Two-Face to the American Homeowner?

Aaron Eckhart might have played Two-Face in the last Batman movie, but Freddie Mac seems to have settled into the role these days.

Non-profit ProPublica and National Public Radio allege that Freddie Mac, which was set up to make home loans more accessible, was in fact betting against homeowners.
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How Will the Libor Scandal Impact Main Street?

Monday, July 30th, 2012

Roy Oppenheim’s commentary was originally published on Yahoo! Homes and is being republished on South Florida Law Blog with their permission.

Corner of Housing Avenue and Market StreetThe residential real estate market is beginning to show real signs of life.

Home values have posted their first annual increase in nearly five years, acccording to the latest Zillow index, which is a well-respected year-over-year analysis of the sale of similar homes in the same area.

So we may be getting closer to a healthier housing market for the first time since the bubble burst in 2008.

But then the Libor scandal came along and threw a gigantic wrench in the works.

On the surface, Libor might appear to solely be a Wall Street problem.

There is no easy target for the populace to vilify, as there is with the HSBC money laundering investigation. And the damage done by the banks’ apparent attempts to subjugate Libor to their own benefit, at first glance, might appear to be limited to the banks themselves.

Perhaps that is why outrage over Libor hasn’t yet reached critical mass. But make no mistake; the impact of the scandal could be larger than any of the banking scandals that have come before it.

This is very much a Main Street issue. As the investigation continues, we may learn how homeowners were burdened with distorted mortgage rates.

What is Libor?

Libor stands for London Interbank Offered Rate. Simply put, Libor is the rate banks use to charge each other money.

The banks help set it, and it’s basically the starting point for lending rates, including a large percentage of mortgage interest rates here in the United States.
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Sun-Sentinel: Foreclosures Jump 77 % in Palm Beach County, Oppenheim Says Expensive Mortgages Going into Default More Frequently

Monday, August 16th, 2010

The Sun Sentinel’s real estate writer Paul Owers noted RealtyTrac Inc report last Thursday that foreclosure filings spiked last month in Palm Beach County as a backlog of pending cases abruptly moved through the court system.

The county had 3,759 homeowners in some stage of foreclosure in July, up 77 percent from June and 42 percent from a year ago. Palm Beach County had the 11th-highest foreclosure rate of Florida’s 67 counties.

Foreclosure defense attorney and legal blogger Roy Oppenheim told the Sun Sentinel he is noticing expensive mortgages going into default more frequently.

“This is like the second shoe dropping,” he said. “A lot of people with higher incomes have been seriously, seriously hurt.”

Want to learn more about mediation and foreclosure? Join Oppenheim Law for our free monthly foreclosure defense workshop the first Wednesday of each month and check out the entire Sun-Sentinel foreclosure story in the Oppenheim Law Newsroom. Find Oppenheim Law on Facebook or follow us on Twitter for up-to-the-minute real estate news.

Daily Business Review: Roy Oppenheim Applauds Investigation on Filing Faulty Foreclosures

Friday, August 13th, 2010

Florida Attorney General Bill McCollum has issued subpoenas to three South Florida foreclosure law firms seeking detailed financial, client and employee records.

McCollum’s economic crimes division is investigating the Law Offices of David J. Stern of Plantation, the Law Offices of Marshall C. Watson of Fort Lauderdale and Shapiro & Fishman of Boca Raton and Tampa for possible unfair and deceptive actions in handling foreclosure cases.

Florida attorneys including foreclosure defense attorney and legal blogger Roy Oppenheim questioned the timing of the investigation, suggesting it was politically motivated by McCollum, a Republican candidate for governor. In a Mason-Dixon poll taken only a week ago, McCollum trailed by 6 points – 31 percent to 37 percent.

“Why didn’t he do this two years ago?” Oppenheim asked. “He knows the allegations have been out there. He knows complaints have been made. I think the timing is a little off. I’m thrilled he’s doing this, but I would have preferred he do this one-and-a-half years ago. Many people who didn’t have attorneys didn’t have the support of his office.”

Oppenheim also wishes McCollum would extend his investigation to lenders and mortgage holders for filing faulty foreclosures.

“He’s investigating the law firms, but he should be investigating the banks,” Oppenheim said. “He should also be looking into banks trespassing onto peoples’ properties. The law firms are the scapegoats. I see them as pawns.”

Check out the entire Daily Business Review article in the Oppenheim Law Newsroom


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