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Tag: mortgage modification

Independent Foreclosure Review: R.I.P.

Thu Jan 10, 2013 by on Florida Law News

Roy Oppenheim’s commentary was originally published on Yahoo Homes! and is being redistributed on South Florida Law Blog with their permission. The Independent Foreclosure Reviewis dead. Long live the Independent Foreclosure Review. When word came out about this so-called “independent” process last year, few bought into it. I certainly never did, and most homeowners knew from the beginning that it […]

Oppenheim Law Argues for “Meaningful Principal Reduction” in The Miami Herald

In case you didn’t hear, the Obama administration announced changes for requirements of paperwork and documents regarding the Making Home Affordable on Thursday, hoping to improve the success rate and communication between homeowners and lenders. While this bureaucratic decision may indeed help a few more modifications squeeze through the banks clenching hands, ultimately, the change that is needed for South […]

Obama Administration Implements New Guidelines to Assist Short Sales

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 […]

The New Normal… NYT Reports: Expect Four Million More Foreclosures Despite Obama’s Mortgage Modification Policy

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 […]

The Florida Supreme Court Task Force on Residential Mortgage Foreclosure Cases speaks out: Chastises Banks and Banks’ Attorneys.

Today, the Florida Supreme Court Task Force on Residential Foreclosure Cases issued their final report. While the report is over 50 pages in length, they are making a number of very important recommendations that should help Florida homeowners. Specifically, they are requiring mandatory mediation for all homestead property in every county in the State of Florida. Right now, only a […]

White House is Prodding Mortgage Servicers to Modify More Loans

Mon Jul 13, 2009 by on Florida Foreclosures

It looks like mortgage servicers are going to woodshed for deliberately not modifying mortgages and allowing foreclosures to sore! its about time! Here is the letter that Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan sent to 25 mortgage-servicing firms last week: “We are writing to you as a participant in the Administration’s Making Home Affordable […]

Change is in the Air: White House Holds first Passover Seder and Obama takes on Role as Mortgage Broker in Chief

Fri Apr 10, 2009 by on Florida Law News

Today, as many of my friends celebrate Good Friday and I continue to celebrate Passover, my office is a virtual ghost town. So I actually had a moment to take stock on changes that are occurring in our collective lives. First and foremost it is just hard to believe that the White House held a Passover Seder last night. http://thecaucus.blogs.nytimes.com/2009/04/09/obama-to-host-seder-dinner/ […]

Spot Light on Real Estate Bail Out Workshop

Watch WSVN Tomorrow for Insider Information on Short Sales, Mortgage Modification & Refinancing @WSVN’s Daisy Rodriquez spearheads a story on what options homeowners have when it comes to their personal real estate bailout. The Channel 7 News team came to my office on Monday to get my legal perspective on South Florida’s foreclosure crisis and homeowner bailout advice. While not […]