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Category: Florida Real Estate

CitiMortgage Launches Program for Distressed Homeowners

Roy Oppenheim Tells SFBJ: It’s a Year Late! Oppenheim Law has been arguing for creative and practical solutions that benefit banks and homeowners alike for more than two years. Finally, while curiously late into the game, CitiMortgage announces a trial deed-in-lieu mortgage program allowing homeowners to avoid the painful foreclosure process. The deed-in-lieu program allows Florida homeowners facing foreclosure to […]

Lemonade Courtesy of the FHA: 90 Day Anti-Flipping Restriction Waived

Great news for real estate investors and flippers who were once restricted with the 90 day FHA anti-flipping regulations. Due to the increase in the volume of foreclosures over the past two years, the Department of Housing and Urban Development recently announced that they are waiving the 90 day flipping regulations in 24 CFR

In Case you Missed it! Florida Foreclosure Workshop In Review

By Roy Oppenheim Oppenheim Law marked its 16th Monthly legal real estate workshop last Thursday and thanks to you – our readers – who attended or brought a friend, we continue to evaluate the real estate market. For those not able to make the event, I have two pieces of good news for you: Oppenheim Law is already preparing for […]

Oppenheim Law Argues for “Meaningful Principal Reduction” in The Miami Herald

In case you didn’t hear, the Obama administration announced changes for requirements of paperwork and documents regarding the Making Home Affordable on Thursday, hoping to improve the success rate and communication between homeowners and lenders. While this bureaucratic decision may indeed help a few more modifications squeeze through the banks clenching hands, ultimately, the change that is needed for South […]

Subject: Will Haiti’s Horror Impact South Florida Real Estate?

Good Question! Let’s explore the possibilities. Real Estate Black Swan Arrives: Free Legal Foreclosure Workshop February 4 The attorneys at Oppenheim Law point to the crisis in Haiti as a “black swan event,” an occasion no one could have foreseen with drastic effects on the South Florida real estate landscape. Join Oppenheim Law at the next free legal real estate […]

Why Oppenheim Law Prefers Short Sales Over Florida Foreclosure

Some Florida attorneys and other experts sometimes seem to suggest there is no difference between having a Florida foreclosure or Florida short sale on your record or credit report and pose the question: “Why go through the hassle of a short sale?” The thought process might be technically correct, but only in a state described as a “non-recourse state.” Florida […]

Black Swan Haitian Crisis Will Likely Change South Florida Real Estate and Foreclosure

Haitian Crisis Will Likely Change Real Estate Market in South Florida At my most recent seminar last week I discussed the possibility of a Black Swan event occurring that would literally change the complexion of the South Florida real estate market. A Black Swan event is something that just can’t be anticipated. At that moment I gave as an example […]

Oppenheim Law on South Florida Mortgage Morals and Ethics: To Strategically Walk or Not?

NYT Magazine Writer Roger Lowenstein hits it on the head when he takes Mortgage Bankers to task, Plus why I believe MBA President John Courson is WRONG and CLUELESS Roger Lowenstein, an extremely well respected financial journalist took the trade association for mortgage bankers (the MBA) to task in Sunday’s New York Times Magazine for calling homeowners “immoral” who strategically […]