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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 […]

Week in Review: Toxic Real Estate, Foreclosure Perks, Shrinking Inventory and Fat Cats

Sat Jun 18, 2011 by on Florida Law News

Roy Oppenheim in USA Today Roy Oppenheim talked to USA Today in an article published this week on free falling home prices. It seems the real estate situation in Las Vegas is even worse than South Florida: two out of every three Las Vegas homeowners are upside down on their mortgage. “I looked at our expenses like a corporation looks […]

Florida Housing Crisis Worse Than Great Depression?

Thu Jun 16, 2011 by on Florida Law News

Florida Real Estate Goes From Bad to Worse… Securitized Trusts Face Scrutiny and Housing Crisis Now Worse Than the Great Depression Questions Roy Oppenheim. From Bad… Florida real estate is not alone. Serious questions are being raised about the validity and legality of mortgage backed securities, the negotiable instruments at the center of our country’s mortgage boom and subsequent bust. […]

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. […]

Real Estate Review: Mortgage Rates Set New Low, Homeowners Get More Time, Banks Get Blame and “Reverse Foreclosure”

Mortgage Rates Set Fresh 2011 Low After Jobs Report Fixed rate home mortgage loans dropped for the eighth straight week to a new low for 2011 amid concerns of another economic slowdown this year, according to data from Freddie Mac and a report by The Wall Street Journal. The 30-year fixed-rate mortgage averaged 4.49%, down from 4.55% last week and […]

Just Listed: South Florida Law Blog Named AllTop’s “Best of the Best”

All the top headlines from popular topics around the web: that’s AllTop. And now the South Florida Law Blog is listed on this popular directory of top news sources. Fresh off the South Florida Sun-Sentinel Best of Blogs Awards, Oppenheim Law is proud to announce we are part of the feed to the AllTop Real Estate topic: http://real-estate.alltop.com/ What is […]

Second Mortgages Lead to Misery or Modification for Florida Homeowners

Nearly 40% of homeowners who took out a second mortgage are underwater on their loans, but the news surrounding second mortgages isn’t all doom and gloom for Floridians, says Florida foreclosure defense attorney Roy Oppenheim. Second mortgages refer to any loan taken out on a property that is subordinate to the first mortgage, and include home-equity loans or lines of […]

Hurricane Real Estate: High Inventory, Low Prices and the American Nightmare

Sat Jun 4, 2011 by on Florida Law News

Hurricane season just started, but Florida homeowners are already seeking shelter from a string of gloomy real estate headlines. The biggest story this week: Standard & Poor’s Case-Shiller U.S. National Home Price Index released new data indicating the real estate crisis is far from over. National housing prices have hit lows not seen since 2002, falling 4.2 percent in the […]