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Tag: Florida real estate

REMICS – The New Vehicle for Banks to Defraud Taxpayers

Thu May 5, 2011 by on Florida Law News

As Florida real estate slowly pulls itself out of the foreclosure fraud files; there is finally a government agency standing up to the bully of banks! The IRS. Last week, Reuters News Service published an exclusive article exposing yet another way the banks have been defrauding taxpayers. This time it wasn’t directly through improper lending practices, robo-signing or bad assignments […]

Deficiency Judgments Haunting Return, Jason Lives Once Again

Like the never ending horror franchise, deficiency judgments are back. A Florida deficiency judgment occurs when a bank pursues the remaining balance on a mortgage either after a foreclosure or, in theory, after a Florida short sale. Most banks are currently too busy to process deficiency judgments because they are dealing with foreclosures and short sales. Due to the large […]

Foreclosure Auctions are not eBay or Child’s Play. Novice Investors Beware!

Investors looking for a great deal at Florida foreclosure auctions may want to think twice before clicking “Buy Now”. Records show amateur investors are falling victim to a simple mistake that’s costing them thousands. When novice real estate investors turn up at foreclosure auctions, what they don’t know is they are often bidding on second or third mortgages. These mortgages […]

Sun Begins to Break on Florida Housing Market

After a few years of torrential storms blowing against the housing market, residential real estate in the Sunshine State is breaking through the dark clouds. Although the forecast calls for scattered rain showers in 2011, the media is starting to report rays of light that signal a recovery. Consumers are definitely shopping—and they are buying even if it is for […]

Roy Oppenheim on Real Estate Game Changers: Earthquakes, Tsunamis, Oil Prices

For five years I’ve discussed the inevitability of Black Swan events that change everything overnight – game changers. Certainly, the earthquake in Japan and the subsequent rash of Tsunamis are reminders of that phenomenon as is the ongoing escalated strife and instability in the Middle East. Not only have oil prices shot up, we now face a whole new set […]

Goodbye Yellow Brick Road…Goodbye 30-Year Mortgages?

The American Dream as we know it is being redefined for Florida real estate and the nation. Elton John’s famous song Goodbye Yellow Brick Road reminds us that homeownership will no longer define the American Dream and the Yellow Brick Road really leads to no where (just like in Oz). So the tune Goodbye Yellow Brick Road is sounding the […]

Florida Real Estate Trends: Renting, Buying, Financing at Your Own Risk Later

The Florida real estate market just can’t catch a break! With Obama’s new federal housing finance plan unveiled, including its proposal that government phase out the support of Fannie Mae and Freddie Mac, it’s unclear what the impact of such a move would be on the fragile housing and mortgage market. But one thing is for sure: Financing a home […]

Housing Outlook: Millennials Optimistic; Nightmare Continues for Others

Owning a home is still part of the American Dream…for some. While reports indicate the real estate and foreclosure crisis might be over for certain homeowners, for others it continues like a bad dream. The Huffington Post reported that “Despite signs of continued housing market distress, most homeowners and perspective buyers are optimistic about the housing market, according to a […]