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Monthly Archives: June 2011

Banks Offer Short Sale Cash Incentives to Homeowners…Finally!

Wed Jun 29, 2011 by on Florida Law News

Banks wise up. Oppenheim Law has been touting 2011 as the “Year of the Short Sale,” and it appears banks are finally catching on. Two of the nation’s largest lenders, Wachovia and JP Morgan Chase, are choosing to forego the lengthy foreclosure process by giving select homeowners $10,000 to $20,000 to complete a short sale, according to The Sun-Sentinel. Much […]

Florida Bar News Inks Roy Oppenheim’s Letter to the Editor

Mon Jun 27, 2011 by on Florida Law News

Good ink and good timing. We are honored to reprint in its entirety, this letter to the editor written by South Florida Law Blog’s Foreclosure Defense attorney Roy Oppenheim published in this month’s Florida Bar News, coinciding with the annual Florida Bar Convention in Orlando, Florida. Foreclosure Jurisprudence Florida Foreclosure Defense Letter to the Editor After reading the News’ article […]

Roy Oppenheim's Summer School for Homeowners

Sat Jun 25, 2011 by on Florida Law News

The Florida real estate report cards are out and homeowner summer school is in session, another series From The Trenches with Roy Oppenheim. “The foreclosure crisis is not over!” says Florida Real Estate Attorney Roy Oppenheim. “Over-crowded court systems, high chronic unemployment and excessive government debt are three major problems that will prevent a real estate recovery anytime soon.”   […]

Meet the Wall Street Enablers: Credit Rating Companies

Word on the street is credit rating companies are committing mortgage fraud, and ‘the street’ is none other than Wall Street. With a foreclosure fraud financial crisis this intense and prolific, there’s certainly enough blame to go around for everyone, but we have one more culprit to add to the list! News broke this week that the SEC is investigating […]

Week in Review: Toxic Real Estate, Foreclosure Perks, Shrinking Inventory and Fat Cats

Sat Jun 18, 2011 by on Florida Law News

Roy Oppenheim in USA Today Roy Oppenheim talked to USA Today in an article published this week on free falling home prices. It seems the real estate situation in Las Vegas is even worse than South Florida: two out of every three Las Vegas homeowners are upside down on their mortgage. “I looked at our expenses like a corporation looks […]

Florida Housing Crisis Worse Than Great Depression?

Thu Jun 16, 2011 by on Florida Law News

Florida Real Estate Goes From Bad to Worse… Securitized Trusts Face Scrutiny and Housing Crisis Now Worse Than the Great Depression Questions Roy Oppenheim. From Bad… Florida real estate is not alone. Serious questions are being raised about the validity and legality of mortgage backed securities, the negotiable instruments at the center of our country’s mortgage boom and subsequent bust. […]

From 'Hope' to 'Housing' – Oppenheim Law Looks Ahead to the 2012 Presidential Election

‘Hope’ stands as a fleeting memory for most Americans as unemployment stagnates, housing prices fall and economic growth looms as a lofty promise unfulfilled. And as we get closer to the 2012 Presidential Election, it’s becoming clear that the ideological political landscape that dominated the 2008 election cycle will be eclipsed by a menacing elephant in the room: the economy. […]

Real Estate Review: Mortgage Rates Set New Low, Homeowners Get More Time, Banks Get Blame and “Reverse Foreclosure”

Mortgage Rates Set Fresh 2011 Low After Jobs Report Fixed rate home mortgage loans dropped for the eighth straight week to a new low for 2011 amid concerns of another economic slowdown this year, according to data from Freddie Mac and a report by The Wall Street Journal. The 30-year fixed-rate mortgage averaged 4.49%, down from 4.55% last week and […]