Archive for February, 2011

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The Long and Short Sale of Real Estate, Roy Oppenheim Webcast Replay

Thursday, February 10th, 2011

While the dramatic decrease in foreclosures is temporary, the equally sharp uptick of short sales is not. Why?

As reported in The Wall Street Journal this week, buyers are snapping up short sales in all-cash deals, breathing life into the crippled Florida real estate market. In our monthly real estate workshop last night, foreclosure defenseand real estate attorney Roy Oppenheim pointed out that over half of short sale buyers today pay in cash, versus 13 percent in 2006.

Didn’t make last night’s event? The replay will be available for the next ten days on Oppenheim Law TV.

In the timely workshop, Oppenheim discusses:

  • How global events and macro economic conditions such as unemployment and the price of gas impact the real estate outlook
  • How to fashion a personal bailout
  • How banks define financial hardship
  • Why banks prefer short sales
  • The 20-year cycle of the real estate market
  • Insightful Q&A from the Oppenheim Law chat room

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Posted in Florida foreclosures, Florida Law News, Florida short sales, Foreclosure Defense, Foreclosure Workshop | 1 Comment »

Real Estate Workshop Feb. 9th Talks How Short Sales, Bargain Hunters, Cash Buyers Lift Market

Tuesday, February 8th, 2011

Cash is the name, short sale is the game! Finally we get infused with good real estate news. Today’s Wall Street Journal’s front page story focused on the increase of buyers snapping up homes in all-cash deals, betting that prices are at or near rock bottom prices and breathing life into Florida’s housing markets, one of the worst in the nation.


Oppenheim Law’s Short Sale and Foreclosure Workshop, scheduled for Wednesday, February 9th at 6:00 pm, focuses on the latest breaks in the real estate market which turned the short sale corner over the past month with cash buyers stepping up to the plate. For example, cash buyers represented more than half of all transactions in Miami-Fort Lauderdale area last year compared to just 13% in 2006. More good news: Canyon Ranch in Miami Beach sold 35 units since mid-October with most being from the U.S. People are finally coming forward and realizing that this is the time to seize the moment, shifting investments from the places like the art market back to the real estate market in order to scoop up the short sales; or what the banks term as selling for less than what is owed on the home.

The Wall Street Journal asked: Is it a good time to invest in residential real estate? Oppenheim Law and Weston Title will answer this question and more at the monthly webcast designed with the homeowner in mind.

RSVP to Jackie@oplaw.net to join us at the Boca Raton TV studio (space is limited) or tune into the webcast.
(more…)

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Posted in Florida Law News | 5 Comments »

Snow, Egypt, Super Bowl Sunday and the Real Estate Countdown

Saturday, February 5th, 2011

January is historically a sleepy month stemming from the holiday hangover. But this year the first month of the year closed with a crash of economic, political and severe-weather related events that put the world in a freeze frame.

February started with a continued roar as events continue to unfold. Super Bowl Sunday is notable for two reasons: it is a social escape and also typically marks a turning point in real estate activity.

So what should we expect? For starters, a parade of new foreclosures will flood the market in the coming months as banks get their documents in order. Next, it is safe to say the global “tweet goes on”, as political unrest in the Middle East might just be the new normal as social networking sites like Twitter and Facebook play even bigger roles on the internal stage.

At Oppenheim Law, we are watching the situation closely and sharing new strategies for buying, selling, investing or even walking away from real estate in 2011. Join us for yet another black-swan themed event on Wednesday February 9th at 6:00 pm for the monthly Short Sale and Foreclosure Real Estate Workshop sponsored by Oppenheim Law and Weston Title via webcast or come in person.

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Posted in Florida Law News, Florida real estate, Foreclosure Defense, Foreclosure Workshop, Roy Oppenheim, Short Sales, social media | 1 Comment »

Another Black Swan! Egypt’s Impact on Short Sales and Foreclosures Workshop

Thursday, February 3rd, 2011

The ‘black swans’ just keep on coming, as underwater homeowners brace themselves for a new set of rules in 2011. Amid international struggle, national weather crises and local real estate unrest, new data shows that real estate prices continue to drop while short sale rates are skyrocketing.

Want to learn more? Attend Oppenheim Law and Weston Title‘s Real Estate Workshop this Wednesday, February 9 at 6pm via Oppenheim Law TV or in person:

95 NW 11th St., Boca Raton, FL 33432
Cost: Free with advanced registration
RSVP: To register, email jackie@oplaw.net or call 954.384.6114

We’ll cover how the protests in Egypt, Florida’s new governor’s stimulus ideas, Obama’s agenda, bankrupt states, and even massive snowstorms are poised to make a direct impact on Florida foreclosures and short sales.

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Posted in Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Foreclosure Defense, Foreclosure Workshop, Roy Oppenheim, Short Sales, Weston Title & Escrow | No Comments »

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