Millennials: Trade your Student Loans for a Mortgage. As we noted in an earlier blog, it’s no secret that mounting student loans have made it difficult for Millennials to buy homes. Eagle Home Mortgage, the lending arm of South Florida’s largest homebuilder, Lennar Corp., is proposing a new solution to try and remove this common financial obstacle. Lennar Corp recently […]
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 […]
Written by Samantha Joseph, Daily Business Review. Kenneth Welt, senior U.S. bankruptcy trustee for the Southern District of Florida, said strong demand is gobbling up the inventory of distressed real estate sold through a pilot program designed to bypass foreclosure.
Once again, homeowners facing foreclosure are falling victim to abusive practices in the handling of their mortgage, but this time the overpromising and under delivering can be attributed to entities other than the banks – mortgage servicers. As the name suggests, “mortgage servicers” are entities that handle and service mortgage loans. A recent trend in the mortgage industry, is for […]
While presenting at “A View from the Bench” conference along with the Daily Business Review (DBR), I was able to interact with judges, attorneys and homeowners regarding the state of foreclosure law. To lay out the most important things to remember (feel free to quote, tweet or share) here are the – 4 Biggest Takeaways From “A View from the […]
What the government shutdown means for Florida real estate
The following article has been written by Roy Oppenheim for the South Florida Law Blog. For many homeowners the last few years have been like a trip on the Titanic. Rough economic seas sent thousands of homes underwater. Many have since sunk; but others who have managed to hold on are hoping for a happier ending than those who found […]
By Roy Oppenheim, Esq. | Yahoo! Contributor Network and republished in the South Florida Law Blog COMMENTARY | It’s taken a while for America’s economic engine to gain some speed, but it finally appears that the nation is back on track after having derailed when the housing market crashed. Mortgage giant Fannie Mae, which keeps tabs of such things, has released its full-year forecast for both the […]