Archive for the ‘Florida foreclosures’ Category

Beat January Blues, Find Source of Inspiration

Monday, January 24th, 2011

Today has been deemed “Blue Monday,” the most depressing day of the year. Psychologist Cliff Arnall came up with an actual formula to show that the third Monday in January can be a real downer for many people.

The formula is weather plus debt minus salary multiplied by the time since Christmas to the time since failure to fulfill New Year’s resolutions. During this trying time of the year, people start to deal with post-holiday bills coming in, cold temperatures, and shorter days.

This past weekend, while visiting the Sundance Film Festival, I was surrounded by some of the most talented and creative people in the film industry (not to mention a gorgeous backdrop). There I realized that passion is contagious and also inspirational.

First, find a game plan to find out how to get out of your situation, and take control of your life. In a market where so many of us are upside down due to the many factors of the economy including the menacing real estate market, there is still opportunity.

Check out my video message below from Sundance Film Festival and let’s all figure out the game plan for 2011 and beat the Blue Monday formula. Join me at my next Real Estate Workshop on February 9th when we will focus on using the market to “get out of dodge”.

It’s A Short Sale World After All

Friday, January 21st, 2011

It’s still a buyer’s market. That’s the conclusion of consumers in a new Gallup poll that reveals 67 percent of Americans feel now is a “good time” to buy a house. That hasn’t changed much since April 2009.

Housing Trends on Oppenheim Law

So despite harder-to-come-by financing and the possibility of a housing double-dip, it seems historically low interest rates and bargain basement home prices are winning over public opinion. Interest rates may or may not rise, but the bargain basement prices are likely to continue as home foreclosures are reaching record highs.

Foreclosure headlines are telling. South Florida filings dropped 41 percent in 2010 due to the foreclosure freeze. And some are asking if foreclosure lawyers’ misdeeds are being ignored in Florida. Despite the freeze and other legal questions, though, Florida still ranks second in the number of foreclosures in 2010.

And the worst may be yet to come. News reports are citing studies that show real estate short sales are set to increase in 2011 as banks attempt to dispose of defaulting loans without foreclosing. And many may get caught flat-footed in the South Florida foreclosure wave.

As you read all of these headlines, keep in mind that if it’s a buyer’s market, that also means it’s a seller’s market. And with all the foreclosures hitting the market, it’s a good time for a buyer to seek a short sale purchase. Oppenheim Law’s sister company Weston Title & Escrow has been very successful closing short sale deals and guiding clients through the process of both buying and selling short sales.
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Weston Title and Oppenheim Law Complete One of the Largest Short Sales with JP Morgan Chase

Tuesday, January 18th, 2011

Weston Title and Oppenheim Law Complete One of the Largest Short Sales with JP Morgan Chase.

Today, Weston Title and Oppenheim Law completed one of the largest short sales with JP Morgan Chase. The original note was approximately $6 million, but the bank approved a payoff for almost half that amount. The bank agreed to the haircut in exchange for receiving the $3 million in proceeds.

Further, the bank waived the deficiency judgment demonstrating what Roy Oppenheim has been stating for the past several weeks, “The banks are eager to deal and get the economy back on track.”

In fact, rumor has it that the JP Morgan Chase CEO, Jamie Dimon, had to sign-off on this deal.

As Oppenheim said two weeks ago in the Sun Sentinel, “The result will be more short sales, loan modifications and ‘meaningful mediations’ that will help stabilize housing prices that have been falling steadily since 2006.

For more on Foreclosures, catch the replay of last week’s Oppenheim Law monthly Foreclosure Defense workshop on Oppenheim Law TV for the next few days!

Tune in or Come by Tonight! The Future of Foreclosures Workshop

Wednesday, January 12th, 2011

By Roy Oppenheim

We’re just half way through the first month of 2011 and foreclosure fraud continues to make headline news. Tonight Oppenheim Law will be in Boca Raton hosting our monthly foreclosure defense workshop “The Future of Foreclosures”.

Roy Oppenheim Foreclosure Workshop

Will this be the year of the short sale?

How will the Feds help (or not help)?

What is the best foreclosure bailout for you?

This week I spoke to Wall Street Journal’s Market Watch, Florida’s Sun Sentinel and DebtWire, a global financial news service, about my perspective on foreclosure defense in 2011.

Tonight we will answer your questions live online or in person.

Tune in to the webcast via Oppenheim Law TV for
The Future of Foreclosures Workshop
Tonight at 6 p.m.,
or come in person to the Boca Raton studio located at
95 NW 11th St., Boca Raton, FL 33432.

Our monthly workshop is designed to walk homeowners through various foreclosure defense strategies such as short sales, strategic default, loan modifications, deed in lieu and deficiency judgments, taking into account today’s law and the homeowner’s legal rights.


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