
Oppenheim Law
http://bit.ly/7kR8r8 Holy
Cow Bat Man : keep Your Seat Belt on: Foreclosures will increase at 20 percent per year until: housing prices begin to stabilize, banks
start writing down bad loans and offer meaningful mortgage
modifications with principal reduction, and the unemployment picture
improves. Strategic defaults remains the big issue. Problem could fester for years!
bit.ly
Some economists contend that the Obama administration’s $75 billion program to prevent foreclosures has done more harm than good.

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
Who
would ever have thought that WE…and that includes YOU… all my blog, Facebook and Twitter
friends…. would become the 4th most important legal trend of the decade. Check out The National Law Journal’s excerpt on The 25 Legal Stories That Defined The Decade. Social M...edia was #4 and I shared my thoughts with The National Law Journal’s Tresa Baldis about it in this link… http://oppenheimlaw.com/media-coverage.php?new_id=96 Thank YOU for the friends, follows and shares. What...
Source:South Florida Law Blog
Published:2010-01-01 20:48:11 GMT

Oppenheim Law
Roy Oppenheim gives a high five to Fla. Supreme Court decision requiring
mediation in foreclosures...all the way from South America!
Via Geoff Sherman and You Tube, Oppenheim Law shares thoughts with South Florida
Business Journal editor @Susan Miller about latest foreclosure guidelines
www.bizjournals.com
Fla. Supreme Court requires mediation in foreclosures

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
As I write this, I’m preparing for a two-week trip to South America with my family (packing my bags now). By the time you read this, I hope to be relaxing and enjoying the opportunity to reconnect and recharge. But first some last words for the year… It’s hard to believ...e the South Florida Law Blog is now approaching its one-year anniversary! When Oppenheim Law unveiled the South Florida Law Blog, not even my...
Source:South Florida Law Blog
Published:2009-12-28 14:48:08 GMT

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
As a foreclosure defense and real estate attorney at South Florida’s Oppenheim Law, I witnessed striking developments in the Florida real estate and legal landscape throughout this year. As 2009 comes to a close, the blogger in me decided to reflect on a year that we’l...l never forget. In 2009, the United States experienced presidential history and remarkable scandals and unbelievable Ponzi schemes costing in the billions but Oppenheim Law believes 2009...
Source:South Florida Law Blog
Published:2009-12-18 13:00:16 GMT

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
It was 4:30 p.m. on Thanksgiving eve at my office, and I was enjoying a moment of quiet phones as I cleared my desk and my mind. The one call that did come was from The Wall Street Journal Real Estate reporter James (Bob) R. Hagarty. He was working on a story about h...omeowners who are creating their own bailouts, the coined name “strategic defaults.” Bob asked my thoughts on what...
Source:South Florida Law Blog
Posted:2009-12-17 18:24:29 GMT

Oppenheim Law Guess the President is a little naive to think that just because he authorized the taxpayers lending the banks a few hundred billion dollars that the banks would not use that money to constantly oppose his economic initiatives. I know Mr. President you told Oprah you deserve a B+ but where I come from, your handling of... the foreclosure crisis gets you a Gentlemen's C! And the irony is that YOU know I am right! http://bit.ly/864Lqh
bit.ly
Bank CEOs, acknowledging a disconnect between their expressions of support for re-regulating financial markets and the work of their lobbyists to weaken new rules, pledged during a meeting with Obama to intervene on behalf of the legislation.

Oppenheim Law Once again I am disappointed that Congress rejected principal reduction or Cram Down for homeowners in bankruptcy. One has to question whether this was truly an Obama Admin priority. Looks like banks once again used tax payer bail out money to lobby against the people. http://bit.ly/8QjSah
bit.ly
In a win for the banking industry, the U.S. House of Representatives voted on Friday to reject a measure that would have allowed bankruptcy judges to change the terms of mortgages for distressed homeowners.

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
For almost three years now I have talked about the idea that the American Dream of homeownership was really only a mirage. While policymakers had good intentions, homeownership has in many instances become the American Nightmare for numerous systematic reasons includin...g: greed, lax government regulation and pure fraud. In a wonderful front page analysis in today’s Wall Street Journal, they take us through the process of why renting is now the...
Source:South Florida Law Blog
Posted:2009-12-10 16:25:09 GMT

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
WSJ reporter, James Hagerty, arguably one of the best reporters covering the real estate crisis and with whom I speak with from time-to time wrote a great article this morning concerning professional investors who are going to auction, fixing up the houses and then flip...ping them for a profit. (Also take the time to look at the slides and related comments). Unlike the flippers of the past, these folks are true professionals as this...
Source:South Florida Law Blog
Posted:2009-12-08 13:41:31 GMT

Oppenheim Law
If at first you don't succeed try... try again:
Obama Admin keeps trying to figure out how to solve the mortgage foreclosure
crisis. Maybe if they just used some of the $54 Bill that B oF A returned
to the Treasury to conduct TRUE and MEANINGFUL modifications instead of
allowing the bank to keep refusing most mods and fore...closing on
millions of homes, the problem could resolve itself. http://bit.ly/6JzTt2
bit.ly
The Treasury’s mortgage-modification program relies on interest-rate reductions rather than principal cuts, which could cause a problem.

Oppenheim Law Had another summary judgment for foreclosure derailed yesterday when the bank's attorney claimed the bank "lost the note" yet walked into the hearing with it. Well it was a telephonic hearing and thus the judge told the bank: foul ball; dismiss the lost note count; and send your opposing counsel (me) a copy of the orig...inal note well before the next hearing.

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
I am fortunate that I frequently get forwarded items that are meant for the blog. This particular item comes from a close relative who I know does not want their name disclosed. So I say thank you and encourage all my readers to continue to send me material that you wou...ld like me to share and let me know if I can publicly thank you! Disorder In The Court… These are from a...
Source:South Florida Law Blog
Posted:2009-12-04 21:49:04 GMT

Oppenheim Law Check out the latest post from Roy Oppenheim on the South Florida Law Blog
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 hav...e a government backed loan (Fannie, Freddie, VA, etc.), (2) its your primary residence, (3) you have been turned down for a modification,...
Source:South Florida Law Blog
Posted:2009-12-02 15:43:01 GMT













