With the foreclosure crisis behind us, as a nation we look to the future…and it’s not looking particularly bright. A Bloomberg study has shown that only about one in four former homeowners who lost property during the housing crash will become buyers again.
Monthly Archives: June 2015
While it may seem like everyone let the banks get off the hook for causing the ’08 crash, The New York Times recently reported that there is at least one federal judge, Judge Denise L. Cote – decided to publically hold the “too big to fail banks” accountable.
School isn’t the only thing that’s out for the Summer. As it turns out, loan and mortgage servicers are getting “schooled” by HUD this Summer. U.S. Dept. of Housing and Urban Development, HUD makes Distressed Asset Stabilization Program, DASP purchasers wait one year before playing in the foreclosure pool.
It turns out coincidentally that Hakuna Matata, from Disney’s Lion King, and res judicata actually mean the same thing. Hakuna Matata is a Swahili phrase which when literally translated roughly means “no worries for the rest of your days.” Res judicata is a legal term meaning “a matter judged”; it is the principle that a legal matter may not, generally, […]
Foreclosure Fighter: How Oppenheim Law became a major national figure in the nation’s mortgage meltdown.
This following article was originally published by Lifestyle Media Group By: Kevin Gale Department: People and republished in the South Florida Law Blog and Oppenheim Law NewsRoom. All photos are courtesy of the Lifestyle Media Group magazine. Real estate lawyer Roy Oppenheim recalls when everything changed for his legal practice – and the U.S. financial system.
We’ve all heard the old saying “once a cheater always a cheater.” Now thanks to Wall Street we’ve been given a new variation: “once Wall Street, always Wall Street.” In other words; once you cause the largest financial crisis since the Great Depression due to bad behavior and wrongdoing, you will continue to engage in that bad behavior and wrongdoing […]