South Florida Law Blog

As I was in court the other day, I couldn’t help but laugh as condo associations are now turning the tables on the banks. You see the banks are not exactly the best kind of homeowner. They don’t like to clean their pools, maintain their property… or pay their HOA dues. The judge even commented on the irony and the […]

Well the early statistics are in http://bit.ly/RsUIQ. As expected, we are finding in Florida that the likelihood of completing a loan modification is much higher if conducted with a mediator under court supervision. That’s why it’s likely why we can anticipate that the Florida Supreme Court will require mandatory mediation in every foreclosure action. In fact, in the few Florida […]

With the brunt of hurricane season fast approaching, the Associated Press has reported FEMA is considering a plan to use vacant foreclosure properties as a source of emergency housing for hurricane evacuees. In an interview with the AP, Roy Oppenheim shared his opinion on FEMA’s proposal. He also added more information during a video interview, which can be found on […]

One of the biggest questions that I am repeatedly asked as a foreclosure defense attorney is, “What is a deficiency judgment and how does it work?” Answer is: A deficiency judgment is a filing from the bank against a homeowner or borrower that has gone through foreclosure. The filing is for the amount of money that the bank lost because […]

Is it True? Banks are really trying to help slow down foreclosures? Can’t Be… Yup for Real! For the first time, we actually had a bank decide to stop a foreclosure for 90 days provided our client agreed to resume payments – at a lower amount than their monthly mortgage payment. They are calling it a “Trial Loan Modification.” The […]

Various news services over the weekend reported that the number of foreclosures in Florida will increase – primarily due to the deteriorating job market. Now not only will sub-prime borrowers continue to get foreclosed, but average borrowers, who had good credit (or so-called prime borrowers) are now being foreclosed. Unfortunately, many of these homeowners are losing their income and even […]

Are you a client in search of a foreclosure attorney in Miami?  If you are you facing foreclosure or think you may default on a mortgage, then you need to understand why a foreclosure  defense attorney near  Miami may be for you. Loss mitigation options may include repayment plans, reinstatement, forbearance, short sale, loan modification, deed in lieu of foreclosures, […]

Today’s Daily Business Review includes Roy Oppenheim discussing the possible Florida Supreme Court task force to regulate the process of foreclosure. Read on for the full story. Florida Supreme Court Task force hopes to standardize management of excessive foreclosures Florida Supreme Court task force on home foreclosures plans to propose uniform case management and design a model mediation program to […]