School isn’t the only thing that’s out for the Summer. As it turns out, loan and mortgage servicers are getting “schooled” by HUD this Summer. U.S. Dept. of Housing and Urban Development, HUD makes Distressed Asset Stabilization Program, DASP purchasers wait one year before playing in the foreclosure pool.
It turns out coincidentally that Hakuna Matata, from Disney’s Lion King, and res judicata actually mean the same thing. Hakuna Matata is a Swahili phrase which when literally translated roughly means “no worries for the rest of your days.” Res judicata is a legal term meaning “a matter judged”; it is the principle that a legal matter may not, generally, […]
Breaking News For Homeowners: The implications of the 5-Year-Statute-of-Limitations is in full effect
Homeowners Don’t Get Shut Out; Know Your Rights! The following segment was originally shown on “Investigations” by Tony Pipitone on NBC6. Roy Oppenheim, real estate defense attorney explains the complicated issues surrounding the 5-year-statute-of-limitations in foreclosure cases; for many, a housing dilemma that has become the focus of the entire country.
The following segment was originally shown on “Investigations” by Tony Pipitone on NBC6. In an exclusive interview, Roy Oppenheim, real estate defense attorney explains the complicated issues surrounding the 5-year-statute-of-limitations in foreclosure cases; for many, a housing dilemma that has become the focus of the entire country. More than five years after Florida courts were inundated with foreclosure cases, some […]
Part 1: Burning Issues Regarding the Foreclosure Five Year Statute of Limitations and Who it Affects In part one of his two part video series Roy Oppenheim discusses the burning issue regarding the foreclosure five year statute of limitations rule and who it affects.
In a recent article by editor Paul Owers, the Sun Sentinel reported that “New foreclosure cases declined across South Florida” in September and the third quarter, according to a report Thursday from RealtyTrac Inc. Published exerpts by Roy Oppenheim in the article are republished here; but WAIT, there’s so much more!
As the Florida real estate and general economy are improving, with average sales prices increasing, the number of foreclosures dropping and unemployment also increasing a funny thing happened as we continue through this recovery: re-foreclosures are up. Re-foreclosures you ask? That’s right. A re-foreclosure is when the bank for whatever reason dismissed the first foreclosure or in some cases homeowners […]
As I start to reflect on this past year on the state of affairs concerning foreclosures and the real estate market, here are my general thoughts in no particular order. The idea that we would regularly beat the “too big to fail, too big to jail” banks in housing foreclosure trials was only a theoretical construct as the dam had yet been […]