Roy Oppenheim Shares View on Real Estate Radio USA

Listeners Tune In, Oppenheim Discuss Florida Foreclosure + Short Sales

Oppenheim Law on Real Estate Radio USA Short sales have emerged as the best option for most South Florida homeowners when it comes to defending foreclosure and avoiding costly deficiency judgments, according to real estate attorney and legal blogger Roy Oppenheim.

Oppenheim joined host Barry Johnson on Real Estate Radio USA to discuss the latest trends in Florida real estate law, foreclosure and homeowner options for fashioning one’s own bailout.

We’ve uploaded the full radio interview at the end of this post, but here’s a quick summary of Oppenheim’s thoughts and advice:

Government Failure: It has become clear the programs the Obama administration intended to help homeowners have done little more than line the pockets of banks.

Personal Bailouts: Oppenheim Law has been positing for months that homeowners cannot sit back and wait for government programs to save their homes. Homeowners need to take it upon themselves to fashion their own economic bailout.

Short Sale Savings: Short sales have surfaced as the best option for avoiding foreclosure, preventing deficiency judgments, and starting homeowners on the path of their own bailout.

“Principal Reduction”: The attorneys at Oppenheim Law have seen huge “principal reduction” through short sales, with clients walking away from hundreds of thousands of dollars in debt after executing a short sale.

Expect the Unexpected: When looking toward the future, you need to learn to expect the unexpected in the economic and real estate landscapes. These “Black Swan” events are what will ultimately change the markets.

You can hear the entire Real Estate Radio USA interview with Roy Oppenheim below. We look forward to seeing your feedback and answering questions in the comments.

Tags: Barry Johnson, deficiency judgments, Florida real estate law, homeowner bailout, Oppenheim Law, principal reduction, Real Estate Radio USA, Roy Oppenheim, Short Sales

This entry was posted on Thursday, March 18th, 2010 at 2:01 pm and is filed under Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Foreclosure Defense, Roy Oppenheim, Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 comments

Newest | Oldest

Messy floors

1. Removal of Bacteria – carpet is a perfect breeding place of different bacteria that can make the environment unhealthy. Without your knowing, carpet can get damp and wet due to spills or walking on it from outside. In this way, bacteria thrive and make it a breeding place. Keep in mind that bacteria affect the health of everyone in the household and that is why you should consider consistent carpet cleaning.

Jeanalyn McWhite

In my opinion you probably did an great task detailing it. Finally I just found what I've been searching for.

Marcial Dave

This offers in-depth information and facts and it rocks. Thank you for discussing your thinking on the real state radio viewing in USA and time directly into the things you presented. Carpet Cleaning Vancouver BC | Carpet Cleaning Vancouver

Carpet Cleaning

Generally I do not post on sites, but I would like to say that this blog really forced me to do so, Terrific website!

Oriental Rug Cleaning Miami

Great post!

Martha Thomson

oh i love to do wealth building but it requires some good skills about business and time management`"-

alexander rand

Roy, Your comments, in your Ludmell interview, have literally changed the way I am living. I listened to you explain that your clients are doctors, lawyers, dentists and the like who were not looking to get "rich quick". Rather, as you explained, these are people who have worked all their lives, and followed this nation's cookbook for steady wealth building. I'm one of them: Professional school, 30 years of perfect credit, 25 years of painstakingly building retirement in rentals, sacrificing fancy vacations for backyard entertainment. When this debacle began, I used every penny I could to borrow against my net worth to "HONOR" my mortages. Americans who sacrificed, to steadfastly build financial security, not just for themselves but for their family's future financial security, are the pillars and backbone of american society, not the villains. Yet no one (isn't that clear by now) is going to bail us out - and under traditional thinking we are dishonorable. But we are being left holding the fallout, living right now with the haunting prospect of deficiency judgments for up to 20 years! Before, I felt defeated as well as ashamed (having a lot of self-esteem knocked right out of me) that I could no longer borrow "to make good" on my debts. Then, listening to your interview for the upteenth time, I got it! I wasn't the culprit, I'm not the villian, and I'm not dispicable for not being able to pay STRICTLY BECAUSE OF THE FALLOUT on some mortgages. Like you admonished, I have to direct my energies to fashioning my own bailout. I have children's college funds that can potentially be saved from being wiped out (by trying to preserve remaining assets with positive net worth). Now, I am fashioning a remedial bailout, not with the old feelings of dishonor, or the bitterness of countless futile hours spent with bank telephone operators to no avail, but empowered to "use the system" for my (my family's) own bailout. I am worthy of that much, and so is my family. Thanks for lending us your view. Alex

Trackbacks

uberVU - social comments says:

March 30, 2010 at 12:01 pm

Social comments and analytics for this post…

This post was mentioned on Twitter by OPLaw: Learn about Short Sales, Deficiency Judgments and FL Foreclosure from @OPLaw on Real Estate Radio USA http://bit.ly/95zIil…

Log in to Reply