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Author: Oppenheim Law

For Sale By Owner: Home Buyers And Sellers Moving Away From Traditional Real Estate Transactions

Thu Mar 25, 2021 by on Real Estate

For Sale By Owner

Home Buyers And Sellers Moving Away From Traditional Real Estate Transactions BROWARD COUNTY, Fla. – When it comes to real estate here in South Florida and many other areas of the country, it’s a hot sellers’ market and market experts say more people are foregoing the traditional path and taking the process into their own hands. When Suzanne Tuccelli and her […]

Refinancing for Cash? Join the crowd!

cash out refinance

In 2021, more Americans have taken cash from cash-out refis than any time since the Financial Crisis of 2008. U.S. homeowners cashed out a record $152.7 billion in home equity last year, up from 42% since 2019 and the most since 2007, according to mortgage giant Freddie Mac. Why the uptick? The pandemic has certainly brought challenges to us all. […]

Landlords Are Accepting Partial Rent Payments. Ruling Shows This Might Be a Mistake

Landlords Are Accepting Partial Rent Payments. Ruling Shows This Might Be a Mistake

The economic downturn amid the COVID-19 pandemic has caused some to accept partial rent payments from struggling tenants. By Cedra Mayfield | March 04, 2021 at 07:16 PM | The original version of this story was published on Daily Report Online Closeup of red, white for rent sign attached, hanging on wooden apartment, house, home, building door with glass windows Landlords, beware. The economic downturn amid […]

Are Real Estate Broker Commissions Under Attack?

Mon Mar 1, 2021 by on Real Estate & Real Estate Law

Are Real Estate Broker Commissions Under Attack?

Broker commissions for residential real estate are being challenged. With more and more home buyers relying more on technology for video-tours and neighborhood research, “traditional” real estate commissions are being challenged and yet have largely remained unchanged. Paid by the home seller, the commissions are typically as high as six percent, three percent being paid to the seller’s agent and […]

What Happens When You Buy a House Without Due Diligence?

Mon Feb 22, 2021 by on Real Estate & Real Estate Law

What Happens When You Buy a House Without Due Diligence?

Pandemic House Buy without Performing Due Diligence Purchasing a home is one of the biggest decisions that many make considering the purchase price. Unlike buying goods at a store, houses are not returnable. As a result, one has many factors to consider before making a home purchase—and should not simply rush into such a purchase. The Role of the Pandemic […]

The K shaped Economy: The End to Mortgage Relief Programs and the Housing Boom

The K shaped Economy: The End to Mortgage Relief Programs and the Housing Boom

The COVID-19 pandemic has created two distinct real estate market forces. One involves what will happen once the mortgage forbearance relief programs end while the other involves the current housing boom. While no one can negate the seriousness of the pandemic, there are those that liken the real estate market as “A Tale of Two Cities”: for as many of […]

A Flip Flop … Flip? Florida Supreme Court Finally Grants Attorney Fees for Homeowners Who Beat Banks

Wed Jan 6, 2021 by on Foreclosure Law

A Flip Flop … Flip? Florida Supreme Court Finally Grants Attorney Fees for Homeowners Who Beat Banks

Originally posted on dbr DAILY BUSINESS REVIEW by Rachel Lean A longstanding dispute over whether homeowners should be able to collect attorney fees after defeating a foreclosure lawsuit with a lack of standing defense has finally been resolved at the Florida Supreme Court. It’s a ruling that opens the door for countless Florida homeowners to recover legal fees from banks and lenders who sued them and […]

Stimulus Round Two: New Covid Relief Bill & PPP-2

Mon Dec 28, 2020 by on Coronavirus

COVID EMERGENCY RELIEF FRAMEWORK

The Consolidated Appropriations Act, 2021 On December 27, 2020 President Trump signed into law the COVID-19 $900 billion relief bill, the Consolidated Appropriations Act, 2021, that Congress passed on December 21,2020. What does this new legislation do? This legislation adds $300.00 to extended weekly unemployment benefits and provides more than $300 billion in aid for small businesses. It also provides […]