Fri Mar 9, 2012 by Oppenheim Law on Florida Law News
Bank of America to Reduce Principal For 200,000 Underwater Homeowners First some good news, if you’ve got an underwater mortgage owned by Bank of America. BofA has come to a separate agreement with the US government to to help reduce some the fines it owes to the Housing and Urban Development Agency from last month’s huge settlement. Bank of America […]
Wed Mar 7, 2012 by Oppenheim Law on Florida Law News & Loan Modification
Homes need to be occupied. That is the bottom line. Today’s housing market needs a dramatic overhaul and it’s been long overdue for a fix. So we don’t have the time to be contemplating moral hazards anymore. So I’m OK with President Obama extending mortgage assistance to owners of multiple homes. According to Bloomberg, the administration will open up the […]
Fri Mar 2, 2012 by Oppenheim Law on Foreclosure Fraud
Big Foreclosure Settlement Still Not Really, Truly, Finally Done And here we go again. Last month I wondered when we were going to see the documentation behind the ‘$25 billion’ mortgage settlement. Despite the massive action this settlement is now supposedly leading to, there didn’t seem to be a huge rush to get the deal finalized. The same day I […]
Thu Mar 1, 2012 by Oppenheim Law on Short Sales
It’s a great time to do a short sale. Banks have finally realized they have much more to gain by agreeing to a short sale rather than allowing a home to go through foreclosure.Data released by RealtyTrac today shows pre-foreclosure sales, which are often short sales, were up 15% in the fourth quarter of 2011. It’s easier than ever before […]
Tue Feb 28, 2012 by Oppenheim Law on Bank Fraud, Florida Foreclosures & Florida Law News
In my last blog I railed against the Florida Fair Foreclosure Act, which is making its way rapidly through the Florida Senate as the session winds down. I said it’s being pushed by banking industry shills and should die a quick death. So of course it was passed by the Senate Banking and Insurance Committee by a 6-4 vote and […]
Fri Feb 24, 2012 by Oppenheim Law on Florida Foreclosures, Florida Law News, Foreclosure Defense & Foreclosure Fraud
Banks need to get their massive foreclosure backlog off the books. There are over 368,000 cases in Florida. I get that. Getting these properties into the hands of families who can afford them, that is what I want to see. It’s needed to jump start the economy, and no one wants to see the banks out of the neighborhoods more […]
Wed Feb 22, 2012 by Oppenheim Law on Foreclosure Defense & Foreclosure Fraud
Humpty Dumpty has had his great fall, thanks to an outstanding bankruptcy judge who has all but dismantled the Mortgage Electronic Registration System (MERS) thanks to his recent ruling. Last week New York Judge Robert Grossman ruled that all of MERS’ business practices are illegal. It’s a staggering blow to the banks and their endless efforts to circumvent due process. […]
Tue Feb 21, 2012 by Oppenheim Law on Bank Fraud, Foreclosure Defense & Roy Oppenheim
If there was anything positive that came out of the prolonged discussions between the states and the banks on the mortgage servicing settlement, it was that banks were reluctant to go full steam ahead in the foreclosure process while talks were ongoing. But even before the settlement was announced, we saw signs that pointed to more foreclosures in 2012. According […]
