Written by Samantha Joseph, Daily Business Review. Kenneth Welt, senior U.S. bankruptcy trustee for the Southern District of Florida, said strong demand is gobbling up the inventory of distressed real estate sold through a pilot program designed to bypass foreclosure.
Yearly Archives: 2015
As a nation, we have seen firsthand the catastrophic effects of improper mortgage disclosures on the real estate market. While the recovery from the 2008 financial crisis has certainly been more of a marathon than a sprint, the new Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures (TRID) may bring recovery to a standstill.
How the sleeping giant EB-5 became a knight in shining armor Created by Congress in 1990, the Immigrant Investor Program, better known as the EB-5 Visa Program, allows foreign nationals to bypass long waits and obtain green cards in exchange for investing in U.S. job-creating ventures.
In the world of foreclosure, what is right side up can often seem upside down. Thus, in this topsy-turvy world of foreclosure, the Third District Court of Appeals is trying to grapple with the issue of statute of limitations and foreclosure. After granting rehearing in Deutsche Bank Trust Company Americas v. Beauvais, No. 3D14-575, 2014 WL 7156961 (Fla. 3d DCA […]
Oppenheim Law, a husband and wife boutique law firm serving South Florida for twenty-five years, announced today that long term associate attorney Geoffrey Sherman has been named its newest partner effective August 6, 2015.
1. Foreclosures Lowest Level Since 2006 Last week Realty Trac released data showing that foreclosure filings are at their lowest level since 2006. “U.S. foreclosure starts have not only returned to pre-housing crisis levels, they have fallen well below those pre-crisis levels and are still searching for a floor, down 4 percent from a year ago.” 2. Good News […]
1. When does the Statute of Limitations begin to run? The Statute of Limitations begins to run when the bank files a complaint to foreclose or otherwise affirmatively communicates acceleration of the balance of the loan for the home to the borrower in writing. 2. How has Florida ruled on it? One Florida court has held that when a first […]
How America Changed Forever: 4 Takeaways From the Fouth of July: Civil Rights, Derogatory Symbols, Marriage Equality and Obamacare
This Fourth of July we celebrated America’s 239th year of Independence and how America has changed forever. But unlike other Fourth of July celebrations, this one has been a little more special to me as well as to most Americans—I hope. Personally, I take great pride in celebrating our law firm’s 25th year of serving our friends and colleagues in the […]