May 13, 2013 12:20 EDT What do the recent tragedy in Bangladesh and the state of this country’s banking industry have in common? In Bangladesh it’s the garment industry that’s been allowed to operate without much oversight. In the U.S. the same can be said for the banking industry. Both have been seen as too-big-to-fail. However, the tide is turning as regulators begin to crack down on both industries.
Apr 14, 2013 16:52 EDT A rare public brawl is escalating between members of the Florida Bar about HB 87 and SB 1666 and one of the organization’s most powerful sections over legislation aimed at speeding the state’s lengthy foreclosure process.
Apr 08, 2013 06:55 EDT Zombie titles occur after a homeowner defaults, but when a lender never follows through with the foreclosure. During this time, the borrower in default is still liable for the property, even though he or she no longer lives there and is not aware of the fact that he or she still owns it.
Mar 15, 2013 18:35 EDT With that comes property. Property that was the hub of the investment world from 2003 through 2007, in which just about everyone felt that they could secure their place in the sun. Investors, as attorney Roy Oppenheim summarizes, “were buying two, three and four at a time. There was overindulgence and a big supply of funds — banks were lending too much.”
Mar 15, 2013 16:17 EDT The following article has been republished from The Daily Business Review for the South Florida Law Blog. In this article, Roy Oppenheim, expert legal foreclosure defense attorney predicts lenders will benefit in 95 percent of cases, "But it will all come down to who's prepared for trial on the fateful day." "You will get asymmetrical results. It's like roulette."
Feb 27, 2013 06:00 EST LPS, a subsidiary of Docx received what seems a slap on the wrist for the robosigning debacle. And, federal prosecutors requires them to pay $35 million in fines, and to promise never to do it again. That fine comes on top of a $120.6 million settlement agreement with attorneys general in 46 states and Washington, D.C. to resolve similar allegations relating to housing, mortgages and fraud..
Feb 21, 2013 17:31 EST “They’re a little guy taking the hit,” says Roy Oppenheim, a partner with Oppenheim Law in Weston, Fla., of DocX. “They committed massive fraud on a regular basis at the employ of the banks. The banks knew they were doing it.”
Feb 13, 2013 13:38 EST "They acknowledge that the wolf is in the hen house, yet they're not willing to get the wolf out of the hen house," foreclosure defense attorney Roy Oppenheim of Oppenheim Law said. "They're willing to close the barn door and leave the wolf there."
Feb 08, 2013 10:36 EST Weston lawyer Roy Oppenheim, who was not involved in the Pino case, said he's pleased that the Florida Supreme Court at least acknowledged that fraud exists in foreclosure cases.
Feb 07, 2013 21:01 EST Roy Oppenheim, a Weston-based foreclosure defense lawyer, said Passidomo is "hellbent" on getting the bill passed into law.