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Category: Foreclosure Fraud

Foreclosure Mills, Bank Fraud and the Housing Market — 2011's Top Headlines Pt. 2

Continuing our list here’s Pt. 2 of our Top 10 stories for 2011 — #5 — Foreclosure Fraud Files Released As 2011 got underway we were presented with a fascinating yet disturbing report by the Florida Association of Court Clerks called “Unfair, Deceptive and Unconscionable Acts in Foreclosure Cases”. It brought these horrible practices into the harsh light of day. […]

Foreclosure, Short Sales, Deficiency Judgments — 2011’s Top 10 Headlines: Pt.1

In our last blog we talked about the stories that resonated with Roy Oppenheim in 2011, but what stories mattered to you? We reviewed the most popular stories on the South Florida Law Blog this year and came up with our list of the top 10 posts for 2011 # 10 — Florida Deficiency Judgments FAQs . . . By […]

Oppenheim Looks at 2011 and beyond: Foreclosure Crisis, #OccupyWallStreet and Real Estate

With 2011 winding down, foreclosure attorney Roy Oppenheim made a return visit to “The Mind of Money” to share his thoughts on the year that was with host Douglas Lodmell. Just as Oppenheim anticipated, this year we’ve seen how big this foreclosure mess really is. There were numerous investigations, and a self-imposed moratorium on foreclosures during parts of 2011, resulting […]

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 […]