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Category: Florida Real Estate

New Year: New Rules – Florida Supreme Court Requires Mediation in Foreclosure

Just as 2009 ended, the Florida Supreme Court announced a uniform procedure for all newly filed foreclosure cases for homestead properties. While the procedure is not yet fully in place, it should be shortly. The Court acknowledged the system is not working. Foreclosure filings are expected to reach 456,000 cases in Florida by the end of 2010, a 50% increase […]

Oppenheim Law Looks Back at "The Year of Foreclosure" + Ahead to Florida Foreclosure Defense in 2010

As I write this, I’m preparing for a two-week trip to South America with my family (packing my bags now). By the time you read this, I hope to be relaxing and enjoying the opportunity to reconnect and recharge. But first some last words for the year… It’s hard to believe the South Florida Law Blog is now approaching its […]

Oppenheim Law’s Top 15 FL Real Estate Lessons of 2009

As a foreclosure defense and real estate attorney at South Florida’s Oppenheim Law, I witnessed striking developments in the Florida real estate and legal landscape throughout this year. As 2009 comes to a close, the blogger in me decided to reflect on a year that we’ll never forget. In 2009, the United States experienced presidential history and remarkable scandals and […]

Oppenheim and WSJ Today: South Florida Real Estate Dilema = Pay + Stay or Strategic Default

It was 4:30 p.m. on Thanksgiving eve at my office, and I was enjoying a moment of quiet phones as I cleared my desk and my mind. The one call that did come was from The Wall Street Journal Real Estate reporter James (Bob) R. Hagarty. He was working on a story about homeowners who are creating their own bailouts, […]

The Wall Street Journal: Why Renting is the New American Dream

Thu Dec 10, 2009 by on Florida Real Estate

For almost three years now I have talked about the idea that the American Dream of homeownership was really only a mirage. While policymakers had good intentions, homeownership has in many instances become the American Nightmare for numerous systematic reasons including: greed, lax government regulation and pure fraud. In a wonderful front page analysis in today’s Wall Street Journal, they […]

Oppenheim Law Explains How Short Sales and House Flipping Can Bailout South Florida Homeowners

WSJ reporter, James Hagerty, arguably one of the best reporters covering the real estate crisis and with whom I speak with from time-to time wrote a great article this morning concerning professional investors who are going to auction, fixing up the houses and then flipping them for a profit. (Also take the time to look at the slides and related […]

Obama Administration Implements New Guidelines to Assist Short Sales

While mortgage modifications continue to be a huge problem for the Obama administration, they seem to be following the advice of the geeks at the Federal Reserve and from the folks in the “Trenches“. (See WSJ Article). You are eligible to do a short sale if (1) you have a government backed loan (Fannie, Freddie, VA, etc.), (2) its your […]

Oppenheim Law on Dating and Banking Relationships

Why Gentlemen Prefer Blondes and Banks Prefer…Short Sales It should come as no surprise that only 12.4 percent of Florida borrowers who are at least two months behind on mortgage payments have entered into trial loan modifications through the Obama administration’s Making Home Affordable program. The first date For many who tried to get a Florida loan modification, the process […]