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Tag: homeowners

Current Housing Report: Demand Still Outpacing Supply

Wed Jun 27, 2018 by on Florida Real Estate

Florida Housing Market

May U.S. home sales and construction continued their trend higher as the housing market sustains its record-breaking growth. South Florida is no exception as home sales rose nearly 8% year-over-year in the tri-county region. While indicators point to a red-hot housing market, potential homebuyers struggle with the dwindling supply of homes and affordability. See a “For Sale” sign? Better Act […]

Oppenheim Law’s Two Cents on Glass

Thu Apr 12, 2018 by on Real Estate Law

Recently, our team at Oppenheim Law had the honor of filing a friend of the court brief (otherwise known as an amicus curiae) with the Florida Supreme Court on the issue of whether a borrower in a foreclosure action can obtain attorneys’ fees when the Court has found that the lender did not have standing to bring the action. Our […]

“Underwater” Homeowners Beware! The Ocean of Foreclosure Is Crawling with a New Breed of Sharks

Thu Dec 10, 2015 by on Florida Law News

If you thought that banks and the federal government were going to give up, think again. Let’s say you are a distressed homeowner. Let’s say you have a hefty mortgage. Let’s also say that you are working with your bank on a loan modification. The chances are that one fine day you might receive a letter from a new owner […]

Zombie Foreclosures Never Die

Tue Mar 3, 2015 by on Florida Law News

If you thought they were gone, think again. The foreclosure phenomenon known as a ‘zombie foreclosure’ has proven that it is here to stay. A zombie foreclosure occurs when homeowners leave their homes when they receive a notice of foreclosure only to find out years later that the bank decided not to foreclose on the property; leaving title in the […]

United States Supreme Court Strays from the Pack with a Crucial Ruling for Borrowers

Thu Jan 22, 2015 by on Florida Law News

The Truth in Lending Act (TILA) gives home loan borrowers a three-day right to rescind, or cancel, a loan transaction. For these first three days, this right is unconditional, without any caveats. After the three days run out, there is a catch; the borrower has the right to rescind only if the lender has failed to satisfy TILA’s disclosure requirements. […]

When it Comes to Real Estate, Congress Can’t Find Their Way Out of the Bag

As very few probably know, including myself until recently, the House of Representatives has passed an early holiday gift for taxpayers concerning real estate.  It is also expected that the Senate and President will follow suit in the near future. Ironically; however, it is too little, too late.