South Florida Law Blog

Reporting on the winning and losing headlines, South Florida Law Blog brings you the break down and what this means to the Florida homeowner. While South Florida is #1 for mortgage fraud and foreclosure settlement talks between banks and the Obama administration appear futile at best, this week’s new was not all doom and gloom. Check out Oppenheim Law and Weston […]

While the dramatic decrease in foreclosures is temporary, the equally sharp uptick of short sales is not. Why? As reported in The Wall Street Journal this week, buyers are snapping up short sales in all-cash deals, breathing life into the crippled Florida real estate market. In our monthly real estate workshop last night, foreclosure defense and real estate attorney Roy […]

Today, Weston Title and Oppenheim Law completed one of the largest short sales with JP Morgan Chase. The original note was approximately $6 million, but the bank approved a payoff for almost half that amount. The bank agreed to the haircut in exchange for receiving the $3 million in proceeds. Further, the bank waived the deficiency judgment demonstrating what Roy […]

Considering we can expect 4.3 million new foreclosures in the next 24 months the questions are: How can you fashion your own bailout? Why should you pay your mortgage if the neighbor isn’t? How can we resolve the foreclosure crisis? Does it make sense to socialize the losses (not the gains) and allow private companies (like the banks) keep profits? […]

The Good News: Big Banks Told Not to ‘Fix’ a Fraud One of Roy Oppenheim’s favorite articles this weekend is from the Wall Street Journal by Robbie Whelan; it’s about Ohio’s attorney general pressing banks to modify mortgage loans versus ‘fixing’ false and sloppy paperwork. Attorney General Richard Cordray could not have said it better: “The banks are committing fraud […]

Bravo to Joe Nocera who writes the Talking Business column for The New York Times each Saturday. Today’s story Big Problem with Banks: Due Process is right on target according to Roy Oppenheim, foreclosure defense attorney with Oppenheim Law Here is an excerpt: It is absolutely true that the homeowners that Bank of America wants to foreclose on are in […]

Florida foreclosure attorney Roy Oppenheim shared his views with Sun Sentinel real estate reporter Paul Owers and contributed to today’s cover story. In case you missed it, below is an excerpt from the story and a link to the full story. ‘But Roy Oppenheim, a foreclosure defense lawyer in Weston, argues that the government should have given money directly to […]

Oppenheim Reviews Obama’s FHA Short Refinance Program and What it Means to Florida Homeowners Fort Lauderdale, Florida – September 11, 2010 – First loan modifications, then short sales…now it’s the short refi. Officially known as FHA Short Refinance Program, it’s the latest band-aid in Obama’s bailout plans aimed at resuscitating Florida’s underwater homeowner facing foreclosure. Introduced this week, the FHA […]