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Category: Florida Law News

Trillions of Assets are at Stake With the 2021 LIBOR Deadline

Fri Aug 4, 2017 by on Florida Law News

LIBOR being phased out by 2021

The $400 Trillion Question: What Will Replace Interest Rate Benchmark LIBOR? The LIBOR (London Interbank Offered Rate), used as an interest rate benchmark for nearly $400 trillion in assets ranging from student loans to mortgages, now has its execution date scheduled for 2021. With its replacement all but certain, it is understandably causing some concern as to how this will […]

Weston Title & Escrow Now Provides Title Services in New York

Wed Jul 26, 2017 by on Florida Law News

WESTON, FL (PRWEB) JULY 26, 2017 Roy Oppenheim, senior partner of Oppenheim Law and Vice-President of Weston Title & Escrow, Inc., has recently been appointed as a title insurance agent in the State of New York. With over thirty years of real estate experience, Oppenheim will provide title insurance services through New York Title Research Corp. in New York State. “We […]

Shoddy Paperwork Haunts Private Student Loan Lenders

Student Loan Lenders Drop the Ball on Paperwork

Shoddy Paperwork Haunts Private Student Loan Lenders   In a not-so-surprising development, the shoddy transfer paperwork that has consistently dogged lenders in the mortgage foreclosure space is now rearing its head in the debt collection arena — largely in the area of private student loan debt. At Oppenheim Law, during the foreclosure crisis, we consistently saw mortgage lenders unable to […]

Another Wells Fargo Scandal?

Wed Jun 28, 2017 by on Florida Law News

Wells Fargo Scandal

Wells Fargo is at it again… A scandal-plagued Wells Fargo has found itself in the midst of a new controversy involving “stealth” modifications of consumers’ mortgages while they are in bankruptcy. According to The New York Times, a class action and other lawsuits have been filed against Wells Fargo alleging that since 2015, Wells Fargo has been making unauthorized charges […]

Federal Reserve Interest Rates Take a Hike

Wed Jun 21, 2017 by on Florida Law News

  The Federal Reserve has put on its hiking boots. Last week, the Federal Reserve hiked its benchmark interest rates. Homeowners and prospective buyers alike are rightfully alarmed about what the increased interest rates could signal for the housing market. Since the great recession back in 2007, homeowners enjoyed relatively lower interest rates as the federal government attempted to rebuild […]

Zillow’s Zany Estimates

Tue Jun 20, 2017 by on Florida Law News

Years after its inception, Zillow became a household name for people who wanted to purchase or sell their homes quickly without a realtor.  By providing an online database of available homes for sale using “Zestimates” for the properties, Zillow gave the general public an easy-to-use format to calculate home values. Although there has been speculation as to whether Zillow will […]

When “Ghost” Debts Come Back to Haunt You… Who You Gonna Call? Oppenheim Law

Wed May 24, 2017 by on Florida Law News

  It seems as though there is something paranormal about the way bankruptcy proceedings will now deal with stale, old debt. Previously, creditors were not able to make claims in bankruptcy proceedings for stale debts that were time-barred by the Statute of Limitations.  Generally, most creditors’ claims on these old debts were considered “unconscionable” and thus in violation of the […]

Florida Set to Enact New Condo Board Regulations

Mon May 22, 2017 by on Florida Law News

  In early March, we posted a blog regarding a Grand Jury decision that held Florida’s Department of Business and Professional Regulation (“DBPR”) and condo boards liable for condo association misconduct. Well, it didn’t take long to heed the calls for further action. The Florida legislature has now passed a bill with bipartisan support (yes, you read that right) to […]