Starting today banks have less than 30 days to file suit against homeowners for deficiency judgments if the foreclosure judgement was entered any time before June 30, 2013. If the banks miss the deadline, the banks’ rights to continue with a deficiency for these older cases is over. After July 1, 2014 if one is foreclosed upon, in Florida, the […]
The original article was written by Bibeka Shrestha for Law360 with quotes from Roy Oppenheim republished in the South Florida Law Blog. JPMorgan Chase NA and Assurant Inc.’s $300 million settlement of a class action claiming they profited handsomely from high rates on forced-placed insurance policies will energize plaintiffs to pursue similar blockbuster deals at a time attorneys say force-placed actions are ripe for resolution. […]
A Two-Pronged Loan Modification Analysis A loan modification can be a ray of sunshine on a cloudy day for many homeowners facing foreclosure; especially when this year’s statistics show that homeowners are increasingly receiving loan modifications from their respective lenders. Although this is great news, it’s not much help unless you know how to make the loan modification work in […]
It’s been more than 100 years since the introduction of the first Labor Day. Originally conceived to recognize the social and economic achievements of American workers, Labor Day has, for many, just become another day off from work when we can go to the beach, invite friends and family over for a bar-b-que or just kick back, relax and read […]
The following article was written by Kimberly Miller – for the Palm Beach Post and republished with excerpts by Roy Oppenheim, Oppenheim Law for the South Florida Law Blog. WEST PALM BEACH — Florida’s five-year deadline to foreclose on a home is ticking on thousands of aging cases statewide, giving lucky borrowers a shot at a free house and catching banks with […]
The following article was written by Roy Oppenheim, Oppenheim Law for The South Florida Law Blog. Last month, Nevada’s governor signed into law a bill that is supposed to make it easier for banks to foreclose on delinquent loans. Can you say HB 87? That’s the recently enacted Florida law designed to deal with Florida’s backlog of foreclosures in the […]
The following article was written for HousingWire by Kerri Ann Panchuk on June 18, 2013, and is being republished in the South Florida Law Blog with comments from real estate and foreclosure defense attorney Roy Oppenheim . When Florida’s Governor Rick Scott signed House Bill 87 – the so-called foreclosure Rocket Docket bill – he had no idea he was […]
Banks continue to try to convince courts that a promissory note is a negotiable instrument on foreclosures.