Tue Aug 9, 2011 by Oppenheim Law on Florida Law News & Loan Modification
From Urban Legend to Reality: Ocwen Offers Serious Principal Reduction Meaningful principal reduction used to be an urban legend compounded by scamsters. And until recently, Florida homeowners were probably more likely to spot Bigfoot than find a lender willing to forgive a significant portion of their residential first mortgage through a loan modification. But earlier this month, Ocwen Financial Corp. […]
Wed Jun 8, 2011 by Oppenheim Law on Florida Foreclosures, Florida Law News, Florida Real Estate, Florida Short Sales, Foreclosure Defense, Roy Oppenheim, Short Sales & Strategic Default
Nearly 40% of homeowners who took out a second mortgage are underwater on their loans, but the news surrounding second mortgages isn’t all doom and gloom for Floridians, says Florida foreclosure defense attorney Roy Oppenheim. Second mortgages refer to any loan taken out on a property that is subordinate to the first mortgage, and include home-equity loans or lines of […]
Fri Jan 21, 2011 by Oppenheim Law on Florida Foreclosures, Florida Law News, Florida Real Estate, Florida Short Sales, Foreclosure Defense, Foreclosure Fraud, Loan Modification, Roy Oppenheim, Short Sales & Strategic Default
It’s still a buyer’s market. That’s the conclusion of consumers in a new Gallup poll that reveals 67 percent of Americans feel now is a “good time” to buy a house. That hasn’t changed much since April 2009. So despite harder-to-come-by financing and the possibility of a housing double-dip, it seems historically low interest rates and bargain basement home prices […]
Tue Jan 18, 2011 by Oppenheim Law on Florida Foreclosures, Florida Law News, Florida Real Estate, Florida Short Sales, Foreclosure Defense, Foreclosure Workshop, Loan Modification & Roy Oppenheim
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 […]
Tue Apr 13, 2010 by RoyOppenheim on Florida Foreclosures, Florida Law News, Florida Real Estate, Foreclosure Defense & Roy Oppenheim
What could be more embarrassing for the already floundering banks than the fact that their foreclosure, loan modification and short sale systems are a complete mess? Well, a recent court decision in a mortgage foreclosure lawsuit in Pasco County, FL, revealed the banks, besides being disorganized, are apparently not above stooping to commit fraud in order to file foreclosure actions […]
Wed Dec 2, 2009 by RoyOppenheim on Florida Real Estate, Florida Short Sales & Loan Modification
While mortgage modifications continue to be a huge problem for the Obama administration, they seem to be following the advice of the geeks at the Federal Reserve and from the folks in the “Trenches“. (See WSJ Article). You are eligible to do a short sale if (1) you have a government backed loan (Fannie, Freddie, VA, etc.), (2) its your […]
Fri Oct 9, 2009 by RoyOppenheim on Florida Foreclosures, Florida Law News & Foreclosure Defense
In today’s New York Times (10/9/09) the lead story in the Business section is: “In Trial Phase, Mortgage Bills Fall for 500,000. Is that supposed to be good news or news at all? I am not sure. I guess it depends on whether you think the glass is half full or half empty. The reality is that by now the […]
Tue Oct 6, 2009 by Oppenheim Law on Florida Law News, Loan Modification & Roy Oppenheim
My good friend, Julie Kay, recently wrote a South Florida Business Journal story on the mixed reviews for the government’s Home Affordable Modification Program, or HAMP, as legislators like to call it. According to the article, HAMP is part of the U.S. Treasury’s Home Affordability & Stability Plan to save 3 million to 4 million homes from foreclosure. So far, […]
