Comments on: Roy Oppenheim Shares View on Real Estate Radio USA

By: Messy floors

Messy floors — Mon, 27 Jun 2011 13:33:00 +0000

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By: Marcial Dave

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By: Carpet Cleaning

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By: Martha Thomson

Martha Thomson — Wed, 29 Sep 2010 18:31:43 +0000

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By: uberVU - social comments

uberVU - social comments — Tue, 30 Mar 2010 16:01:33 +0000

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…

By: alexander rand

alexander rand — Thu, 18 Mar 2010 23:19:03 +0000

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