Considering we can expect 4.3 million new foreclosures in the next 24 months the questions are: How can you fashion your own bailout? Why should you pay your mortgage if the neighbor isn’t? How can we resolve the foreclosure crisis? Does it make sense to socialize the losses (not the gains) and allow private companies (like the banks) keep profits? As a society, how can we collectively work together to break the foreclosure crisis cycle?
Florida Attorney and Legal Blogger Roy Oppenheim addresses tough questions and more in his most recent foreclosure defense workshop. Oppenheim recaps what’s happened in the past year and gives a sense of where the real estate market is going, where foreclosure defense is going and where the economy is going. He talks about what can we expect (or not expect from the government) as we move forward particularly since this last election.
Some experts are calling this a lost decade. But Oppenheim says it will be a lost generation if the government does not step up to the plate and create better incentives to encourage people to behave in a different way.