Archive for September, 2009

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5 Ways to Avoid Florida Foreclosure: Free Legal Workshop Aims to Help Homeowners

Wednesday, September 23rd, 2009
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The legal side of Florida real estate can be daunting in this economy.  Knowing your legal rights increases your survival and recovery rate says, Florida foreclosure attorney and South Florida law blogger Roy Oppenheim.

Designed to help homeowners, Oppenheim’s monthly Florida foreclosure workshop provides a venue where homeowners and real estate professionals unite. The October workshop will not only focus on defending foreclosures but is also coupled with tips on buying and selling Florida real estate, including how to buy a short sale or a previously foreclosed property.

What:  Florida Housing Help: Free Real Estate Workshop
Who:  Real estate professionals and homeowners facing foreclosure, buyers, and sellers
Where:  2500 Weston Rd Ste 404, Weston, FL 33331
When:  Thursday, October 1, 2009 – 6:00 to 7:00 PM
Cost:  Free with advanced registration
RSVP:  To register email roy@oplaw.net or call 954.384.6114

Whether its volunteering at the CBS Neighbors 4 Neighbors phone banks answering questions about foreclosure or hosting his own free workshops, Oppenheim spends his time educating real estate professionals and Florida homeowners about their legal rights when it comes to foreclosures, shorts sales, loan modifications, and REOS.

Oppenheim Law’s October workshop will highlight the following foreclosure defense strategies and real estate tips:
•    Learn the process of foreclosure and how to defend your home
•    How to locate and purchase foreclosed properties substantially below market value.
•    Tips on finding, buying, and selling short sales
•    Insight on current Florida home prices and the right times to buy/sell
•    Insider information about counterclaims against the banks and deficiency judgments
•    Roy Oppenheim’s advice for investors
•    Learn tips on applying for a mortgage modification and the best time to apply during foreclosure
•    Loopholes in defending foreclosure and how foreclosure defense can save homes
•    Oppenheim will also discuss: deed in lieu, second mortgages, and Chapter 13 bankruptcy

About Oppenheim Law
Founded more than nineteen years ago by a husband and wife legal team, Oppenheim Law is uniquely positioned as one of Florida’s leading boutique law firms, focusing on Florida real estate and foreclosure law. Serving the greater Fort Lauderdale, Florida-area and serving high-profile national, international and local clients, the firm is proud to have the highest (A-V) rating, conferred by Martindale Hubbell® Law Directory – the most respected directory of lawyers and law firms in the United States.

by Lisa Buyer, Oppenheim Law public relations

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Posted in Foreclosure Workshop, Neighbors 4 Neighbors, Roy Oppenheim | No Comments »

Roy Oppenheim Answers the Call on Florida Reverse Mortgages

Monday, September 21st, 2009
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Helping CBS Neighbors 4 Neighbors, Oppenheim Law Attorney’s Geoff Sherman and Roy Oppenheim Volunteer by Answering Calls for the CBS Neighbors 4 Neighbors 15-line Phone Bank
neighbors4neighbors
With Al Sunshine reporting the CBS news, Roy Oppenheim and the attorneys from Oppenheim Law will be answering all things reverse mortgage-related tonight at CBS4’s For Your Money phone bank.

Reverse Mortgage Questions Answered Tonight
How does a reverse mortgage work?
Am I eligible for a reverse mortgage?
What is the best way to apply for a reverse mortgage?
What if the value of my home has dropped dramatically?
How do reverse mortgages stop the process of foreclosure?

CBS4 Reverse Mortgage Phone Bank
Who: Foreclosure Defense Law Firm Oppenheim Law + CBS4
When: Tonight, Monday September 21st from 5:30 – 6:00 PM
How: Call CBS4 305-597-4404 and speak to a foreclosure attorney

Oppenheim Law advises homeowners to be proactive and ask questions if they fear they may be facing foreclosure. Tonight’s phone bank will offer free advice for homeowners considering a reverse mortgage.

About Neighbors 4 Neighbors
Neighbors 4 Neighbors is the most identifiable public service campaign in the Miami-Fort Lauderdale market. South Florida viewers know Neighbors 4 Neighbors, consider it important, and respond to it in a remarkable way.

Here is a sampling of what Neighbors 4 Neighbors has done during the past fourteen years:
•    Nearly 4 million calls have been logged in the phone bank
•    More than $10 million in donations of cash, foods and services have gone to those in need
•    Nearly 400,000 people have participated in the Neighbor’s Adopt-A-Family for the Holidays program
•    More than 300 local social service agencies receive direct support from Neighbors

Want to become involved?
Contact Neighbors 4 Neighbors.

Want to follow Al Sunshine?
Connect with him on Facebook.

Want more info on reverse mortgages? Visit the Housing and Urban Development Web site for the Top 10 Things you should know if you’re interested in a reverse mortgage.

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Posted in Al Sunshine, Loan Modification, Neighbors 4 Neighbors, Reverse Mortgages | No Comments »

I Couldn’t Have Said It Better Myself…

Monday, September 14th, 2009
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Watch this insightful video on how we got to where we are just from one year ago….

Wall Street, One Year Later

The Times’s Andrew Ross Sorkin, Gretchen Morgenson and Joe Nocera recount the events of the weekend that Lehman Brothers failed and discuss the lessons learned from the financial crisis…

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Posted in Entrepreneurial News, Florida foreclosures | No Comments »

Deficiency Judgments “Are a Comin”… Say it “Ain’t So”:

Friday, September 11th, 2009
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You can run but you can’t hide from Florida’s deficiency judgments….

While it’s now well accepted that 98% of Florida homeowners in foreclosure are just walking away and putting their head in the sand, it is now becoming apparent that while these folks can run, but they probably can’t hide.

Definition of a deficiency judgment according to Wikipedia:

A deficiency judgment is a judgment lien against a debtor, defendant or borrower whose foreclosure sale did not produce sufficient funds to pay the mortgage in full. This option may or may not be available to the lender, depending on whether they have made a recourse or nonrecourse loan.

Until now, there was some uncertainty whether the banks were going to pursue deficiency judgments from Florida homeowners. Well the evidence is becoming clear that many banks will pursue and ARE NOW pursuing these Florida judgments post-foreclosure.

For the uninitiated, in Florida and other “recourse” states, a Bank would be entitled to obtain a judgment against you for the difference between the mortgage amount and the value of the property. In other words, if your Florida real estate property is worth less than the mortgage the Bank can come after you for the difference. In non-recourse states, like California, the Banks can not do that. Florida is a recourse state and the Banks may have up to five years to bring the action. Although if the Bank doesn’t bring the action within one year after the Florida foreclosure sale, it can be argued that the Bank failed to diligently pursue the case and the Court “could” in theory dismiss the action for failure to prosecute. I say good luck on that one!

Thus, that is why we have been so aggressive in defending Florida foreclosures. A settlement, short sale, modification, deed-in lieu, mediation, bankruptcy or a creative combination of these options, is still better than a bank pursuing you and trying to hunt you and your assets down for 20 years! That’s right 20 years!

So its simple, act like an ostrich… put your head in the sand… deny the facts or fight back! I guess as a kid from the Bronx I know what I would do… “cause you ain’t seen nothing yet”. LOL

Roy Oppenheim
Florida Foreclosure Defense Attorney
From the Trenches

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Posted in Florida foreclosures, Florida Law News, Foreclosure Defense | No Comments »

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