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Two Thumbs up: Florida Foreclosure Title Insurance

Tuesday, February 23rd, 2010
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WESTON LOGO BLACKIn the worst of real estate times, opportunity arises even on the courthouse steps.

Buying in the murky foreclosure waters is not quite as dangerous as swimming with the sharks thanks to Foreclosure Title Insurance, says Florida foreclosure defense attorney Roy Oppenheim.

More than 500,000 foreclosure filings entered Florida’s books in 2009, and those properties now saturate the South Florida real estate market. While these economic times are challenging for most, they can be the best time for some South Floridians to capitalize on an unprecedented opportunity who want to purchase foreclosures.

Foreclosure buyers can now add a perk to their deals with Foreclosure Title Insurance. Check out how South Florida real estate investors can protect themselves with Florida Foreclosure Title Insurance.

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Posted in Ellen Pilelsky, Entrepreneurial News, Florida foreclosures, Florida real estate, Florida short sales, Real Estate Closings, Roy Oppenheim, Short Sales | No Comments »

Lemonade Courtesy of the FHA: 90 Day Anti-Flipping Restriction Waived

Wednesday, February 10th, 2010
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Lemonade StandGreat news for real estate investors and flippers who were once restricted with the 90 day FHA anti-flipping regulations. Due to the increase in the volume of foreclosures over the past two years, the Department of Housing and Urban Development recently announced that they are waiving the 90 day flipping regulations in 24 CFR

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Posted in Entrepreneurial News, flipping, Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Real Estate Closings | No Comments »

Black Swan Haitian Crisis Will Likely Change South Florida Real Estate and Foreclosure

Thursday, January 14th, 2010
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Haitian Crisis Will Likely Change Real Estate Market in South Florida

Haitian's using tents as their homes are destroyed.

At my most recent seminar last week I discussed the possibility of a Black Swan event occurring that would literally change the complexion of the South Florida real estate market. A Black Swan event is something that just can’t be anticipated. At that moment I gave as an example the possibility of tens of thousands of folks from Venezuela fleeing to South Florida from Chavez’s new economic restrictions.

Now it is already anticipated that Haitian refugees will likely be arriving in South Florida over the next several months and likely years. They will need to be housed and be fully integrated into the community.

Further I had discussed that as a nation and as a community, we are blessed with a housing stock or what I call our “Ark”. That Ark of excess vacant housing can now be deployed with the assistance of FEMA and HUD and other governmental programs to help our struggling island neighbors.

Thus, once again not even the best economists could have anticipated the economic impact both good and bad that such an unthinkable crisis can have to a community. I do hope that with so many vacant homes and condos now in South Florida, and many still owned by the Banks, that we will be able to utilize this housing reserve.

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Posted in Entrepreneurial News, Florida foreclosures, Florida Law News, Florida real estate | 3 Comments »

The Wall Street Journal: Why Renting is the New American Dream

Thursday, December 10th, 2009
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For almost three years now I have talked about the idea that the American Dream of homeownership was really only a mirage. While policymakers had good intentions, homeownership has in many instances become the American Nightmare for numerous systematic reasons including: greed, lax government regulation and pure fraud. In a wonderful front page analysis in today’s Wall Street Journal, they take us through the process of why renting is now the “New Normal” and the New American Dream.

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Posted in Entrepreneurial News, Florida real estate | No Comments »

Oppenheim Law Explains How Short Sales and House Flipping Can Bailout South Florida Homeowners

Tuesday, December 8th, 2009
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WSJ reporter, James Hagerty, arguably one of the best reporters covering the real estate crisis and with whom I speak with from time-to time wrote a great article this morning concerning professional investors who are going to auction, fixing up the houses and then flipping them for a profit. (Also take the time to look at the slides and related comments).

Unlike the flippers of the past, these folks are true professionals as this IS their business. They are not cops, firemen or teachers by day and flippers by night.

In fact, OppenheimLaw and Weston Title represent a number of these types of professional groups. They are all well funded and clearly taking advantage of the fact that the Banks are drowning in too much stuff and thus many times are clueless to the true value of an asset.

Further, as we have explained before, the Banks would rather get back cold cash now than continue trying to make old loans work through loan modifications, when they know the likelihood of re-default remains high. That is why we at OppenheimLaw and our sister title company, Weston Title, are calling 2010 the “Year of the Short Sale.” Banks actually still do about 20% better according to a recent Federal Reserve study when they allow a short sale to proceed as opposed to the Bank proceeding all the way through the foreclosure process. Of course with millions of homes that have already been foreclosed upon by the Banks, the Banks have to somehow get rid of their unwanted inventory.
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Posted in Entrepreneurial News, flipping, Florida real estate, Florida short sales, Roy Oppenheim, Short Sales | 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 »

SFBJ Highlights Oppenheim Law’s Hybrid Marketing

Wednesday, September 9th, 2009
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So, we all know how much I hate publicity! LOL. But, when marketing columnist Jeff Zbar from the South Florida Business Journal was looking for a local business to feature, one that was blending social media and traditional to gain more online visibility, how could I say no?

My PR agency, The Buyer Group, told me I needed to be in this story! I’m proud to be the trail blazer when it comes time to reinventing your business and how you think. In today’s economy, what worked yesterday might never work again, so we try new things.

Here’s the story, let me know what you think.

sfbj

Hybrid campaigns blend online, traditional marketing methods

When Roy Oppenheim appears as an expert guest on a local television news broadcast, that’s the start of a hybrid marketing campaign.

His media relations firm pitches him to the media as an expert in foreclosure and real estate law. When Oppenheim appears on television, he takes that recording and posts it to YouTube – and then embeds it in his Web site and blog site. He then blogs – in one of the more than two dozen blogs he’ll post each month – about the appearance, his monthly seminars and other content.

Oppenheim once believed in the power of traditional marketing. Today, his campaigns are a blend of some traditional and heavy online and social media.

“We’re not using social media just to solicit clients, but as a means to deliver services and information,” said Oppenheim, senior partner with the newly branded practice, Oppenheim Law. “We’re redefining ourselves as almost a Web-based firm. You have to be on the path and embrace this medium to make it successful.”
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Posted in Entrepreneurial News, South Florida Business Journal | 1 Comment »

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