Last week was quite a week. I left Cambridge, MA, after visiting my daughter for the weekend and enjoying a little family rivalry at the Harvard – Princeton football game.
Roy Oppenheim on Randi Rhodes
After a meeting in New York, I found out the nationally syndicated Randi Rhodes Show wanted me to make an appearance at 5 p.m. to discuss foreclosures and Oppenheim Law’s defense strategies. They would not let me use my cell phone for the interview, so I was expecting to have to talk from a pay phone in the middle of LaGuardia before my flight back to South Florida. Luckily, I found a quiet place and the interview was great.
We’ve included audio of the entire interview on the Oppenheim Law Facebook Fan Page for your listening pleasure, but here is a summary of my thoughts on the social stigma of foreclosure and how you can fashion your own bailout:
I believe the foreclosure epidemic has become so widespread and far-reaching that the stigma surrounding the issue is greatly reduced across the country.
“In FL alone we now have 26-28% who are behind or in foreclosure,” I said. “I think if you study social networks, you’ll see that foreclosures work like social networks. When you have someone who’s in foreclosure, the moral stigma is reduced because you have a sense of kinship.”
So in response to the enormity of the problem in South Florida, I explained that foreclosure defense needs to be looked at holistically, and homeowners need to take charge of understanding their legal rights and defending themselves.
