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Monthly Archives: July 2011

VIDEO: How to Avoid Deficiency Judgments by Roy Oppenheim

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 […]

Principal Reduction: Why Banks Don’t Do It More + What’s Wrong With It

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 […]

Beware of Zombie Foreclosures! Cases Dismissed Months Ago are Now Back from the Dead

Wed Jul 13, 2011 by 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 […]

Hooray for Sheila Bair, a Regulator Who Stood Up for the Little Guy

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 […]

3 Tips on Florida’s New House Rules and the American Dream

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, […]

How to Tell if Florida’s Housing Market Hit Bottom

Thu Jul 7, 2011 by 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 […]

Oppenheim in the News: State Mediation Program Helps Few Florida Homeowners

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 […]