Mon Jul 18, 2011 by Oppenheim Law on Deficiency Judgements & Florida Law News
Attorney Roy Oppenheim’s Summer School is in session with a special focus on Florida foreclosure defense strategies including today’s topic: How to avoid a Florida Deficiency Judgement. Oppenheim Law wants to help “bullet-proof” Florida homeowners against the banks; helping them understand the difference between a deficiency and a deficiency judgement. A deficiency is when the bank forecloses on your house […]
Sat Jul 16, 2011 by Oppenheim Law on Florida Law News & Loan Modification
There are quite a few people who advocate principal reduction as the best way to get out of the housing crisis. Their arguments were succinctly laid out and analyzed in an Atlanta Federal Reserve white paper. Advocates of such a policy argue that it would be cheaper for banks to reduce the principal of a loan to the current value […]
Wed Jul 13, 2011 by Oppenheim Law on Florida Foreclosures
It’s a case of Dawn of the Dead called zombie foreclosures. In addition to the wave of Florida foreclosure cases expected once the banks get their paperwork in order and begin to foreclose on new homes again, a different wave of foreclosure cases is also ready to crest. The second wave is the zombie foreclosure wave. The zombie cases are […]
Tue Jul 12, 2011 by RoyOppenheim on Florida Foreclosures, Florida Law News, Loan Modification & Roy Oppenheim
Three cheers for Sheila Bair, the former head of the FDIC and a true advocate for the little guy, who resigned this week on July 8th. She fought for what is right for the homeowner, the depositor and the taxpayer. Shelia was probably the only person in the Obama administration who really “got it.” As a financial regulator, she understood […]
Sun Jul 10, 2011 by Oppenheim Law on Florida Law News
Even though it is a risky proposition, 9 in 10 Americans polled still say that owning your own home is an important part of the American dream. The latest New York Times/CBS poll shows that nearly 90% of those polled believe that it is important to own your own home, even though less than half of them think owning a […]
Fri Jul 8, 2011 by Oppenheim Law on Florida Law News, Florida Real Estate & Florida Short Sales
Is homeownership still part of today’s American Dream? A recent article in the Wall Street Journal shared some old school advice on buying a home in today’s economy, more along the lines of Depression Era thinkers versus Baby Boomer spenders. 1. Buy what you can afford without scrimping on other needs. If you need to save for retirement or college, […]
Thu Jul 7, 2011 by Oppenheim Law on Florida Law News
Do we have a pulse on South Florida real estate recovery? According to a statistical analysis performed for The Wall Street Journal by the online real-estate information and search firm Zillow, home values in a handful of communities are where they were just before the most frenzied days of the real-estate bubble. The good news: Zillow spotted 25 places that […]
Wed Jul 6, 2011 by Oppenheim Law on Florida Law News & Loan Modification
It’s a case of: The Three Stooges and Mediation. Roy Oppenheim and his client shared their recent story in this week’s Daily Business Review with an inside look at the trials and tribulations of a system where one asks: Who is on first? Under a state Supreme Court order issued 18 months ago, banks have been paying third-party mediators to […]
