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. […]
Category: Foreclosure Fraud
Foreclosures, Evictions, Moratorium Oh My Description What are your options in the age of Covid-19 ? Zoom in at Noon with Roy Oppenheim: Pick up where we left off from last week, now with moratorium issues along with evictions and foreclosures during the coronavirus pandemic. Is anyone safe from evictions and foreclosures? If so, who? Find out in the latest […]
The following is not a reality show; rather, it is a true story that highlights the worst of the financial crisis. Erik and Renee Sundquist reached a settlement with Bank of America where the bank has agreed to pay them $6 million after eight grueling years of foreclosure. The Sundquist family endured a stress-induced heart attack and a suicide attempt, […]
Gov. Rick Scott signs fast-foreclosure bill into law. Members of opposition grops have had discussions about challenging the law as unconstitutional and asking the courts to delay its implementation until it receives judicial review.
Florida Gov. Rick Scott is facing heavy lobbying from both sides of the fast-track foreclosure bill that arrived on his desk this week.
An edited version of this post by Roy Oppenheim was first published in US News and World Report’s Home Front Blog and is being redistributed on South Florida Law Blog with their permission. Not long after the national mortgage settlement was announced, I warned clients that the training wheels would come off and foreclosures would ramp up again. Now foreclosure […]
Below is an abbreviated version of an article written by Roy Oppenheim and Jacquelyn Trask, which was first published this week by Thomson Reuters. The longer version of “Deconstructing The Black Magic of Securitized Trusts” was published earlier this year by the Stetson Law Review. From 2003 to 2007, Florida saw the largest real estate boom in its history. Real […]
Homeowners everywhere should be looking at California and taking notice. The government there is finally taking the power away from the banks and placing it back in the hands of the homeowners. Outside of Florida, no state has been quite as devastated by the fraudclosure crisis as California has, so it comes as no surprise that they would be at […]