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Category: Foreclosure Fraud

Law Review Executive Summary: Black Magic of Securitized Trusts

Deconstructing the Black Magic of Securitized Trusts by Roy D. Oppenheim and Jacquelyn K. Trask-Rahn gives an in-depth analysis of the process of securitizing mortgages and how it has gone awry. The article begins with a focus on the rise of subprime lending, the impact that subprime loans, such as “interest-only” and “negative amortization,” had on the American Dream of […]

Robo Signers Celebrate One Year Anniversary and Roy Oppenheim Looks for Foreclosure Off Ramp

This is the anniversary no one wants to celebrate. “We’re hitting the one-year anniversary of the robo-signing crisis,” noted Roy Oppenheim, Florida foreclosure defense attorney. “The banks said it would take 60 days to fix. It didn’t take 60 days. It’s been over a year.” A recent article in the Daily Business Review highlights October as the anniversary month when […]

Prediction: “Impossible Number” of Foreclosures to Come?

If the apple does not fall far from the tree; how far does the real estate market fall from foreclosures? More than 11.5 million people will eventually default on their mortgages, predicts a leading mortgage analyst. Did you read that right? Yes. It’s no surprise that the weakening real-estate market has a strong correlation to the amount of severe negative-equity […]

Robo-Signing Returns, Raising Eyebrows and Acid Reflux

Oppenheim Law would never accuse the banks of committing fraud, perjury, impersonation, notary fraud, contempt of court, lying, violating Constitutional protections, or being tax cheats. Nevertheless, we do make this advisory: Be careful of what you sign. Why? As soon as you think the coast is clear, it’s the return of the robo-signers. Suspected robo-signed documents are cropping up again […]

Meet the Wall Street Enablers: Credit Rating Companies

Word on the street is credit rating companies are committing mortgage fraud, and ‘the street’ is none other than Wall Street. With a foreclosure fraud financial crisis this intense and prolific, there’s certainly enough blame to go around for everyone, but we have one more culprit to add to the list! News broke this week that the SEC is investigating […]

From 'Hope' to 'Housing' – Oppenheim Law Looks Ahead to the 2012 Presidential Election

‘Hope’ stands as a fleeting memory for most Americans as unemployment stagnates, housing prices fall and economic growth looms as a lofty promise unfulfilled. And as we get closer to the 2012 Presidential Election, it’s becoming clear that the ideological political landscape that dominated the 2008 election cycle will be eclipsed by a menacing elephant in the room: the economy. […]

The Good, The Bad, The Ugly (Again): Miami Rebounds, Foreclosures Stall and Housing Prices Sink

The good: All we can say is, you never know! When the real estate market collapsed, Miami’s downtown epitomized the worst excesses of the building boom. Glittering new towers sat mostly vacant. Today Miami’s downtown real estate is booming and bustling with life and commerce thanks to foreign investors and renters. A report by the Miami Downtown Development Authority indicates […]

Florida Real Estate’s Mortal Enemy: Excess Inventories

What is killing Florida real estate? Excess inventories and falling home prices. House prices have been continuously falling for the first time in 70 years, and South Florida homeowners should expect the trend to continue. A surplus inventory of houses caused by Florida foreclosures and short sales is the mortal enemy of home prices. Lower prices are needed to sell […]