Archive for the ‘Foreclosure Workshop’ Category

Tides Turning? Short Sales + Deficiency Judgment Workshop In Review

Friday, March 5th, 2010

house short saleOppenheim Law hosted its largest Free Florida Foreclosure Defense Workshop Wednesday night as the real estate market and foreclosure defense landscape evolves.

Almost half of South Florida homeowners are facing negative equity in their homes, and more than 400,000 Florida foreclosure cases are expected by the end of 2010, according to real estate attorney Roy Oppenheim.

More than 40 South Florida homeowners turned out to hear the latest legal techniques and strategies Oppenheim Law is using to defend foreclosures, execute short sales, prevent deficiency judgments and keep people in their homes.

We’ve put together a summary of the main points from March’s Workshop, and look forward to seeing you at the next free event on April 1st at 6 p.m.

  • Social stigma is so yesterday. The fact that so many people are being affected by this real estate crisis completely erased the social stigma associated with foreclosure.
  • Banks are overwhelmed. The depth and breadth of this crisis makes it difficult for banks to successfully foreclose homeowners who are represented by counsel.
  • Do what’s right for you and get help. If it no longer makes economic sense to continue paying your mortgage, your best option is to speak to a qualified attorney.
  • Don’t leave. Whatever you chose to do, stay in your home as long as possible.
  • Banks warming up. Short sales are emerging as one of the best options for homeowners facing foreclosure, and believe it or not, banks are beginning to favor them as well. Some short sales are being approved in less time than in the past. One need only be 30 days behind on your mortgage to begin the short sale process.
  • The bank is happy with instant cash gratification, while you avoid the hassle and stress of foreclosure proceedings.
  • Price is right. When executing a short sale, an experienced real estate agent must price your home correctly, and you must protect yourself from a costly deficiency judgment through legal representation.
  • Know the facts. Deficiency judgments can stay on your record for up to 20 years: Banks may garnish wages and even collect against heirs.
  • Oppenheim Law has negotiated reductions in deficiency judgments by as much as 80-85%.

It is important to remember that buying yourself time in this real estate market can prove to be incredibly valuable. The tide is beginning to turn as new laws are discussed and the economy makes gains.

Again, 97% of folks facing foreclosure are not represented by counsel. Those who are have a much better chance of avoiding a deficiency judgment and saving their home.

We look forward to hearing your comments on March’s workshop and hope to see you all on April 1 for our next event.

Learn About Short Sales and Avoiding Deficiency Judgments: Free Workshop March 3

Wednesday, February 24th, 2010

Short sales are emerging as a formative foreclosure defense strategy, according to Florida real estate attorney and legal blogger Roy Oppenheim.

Join Oppenheim Law at the next Free Legal Real Estate Workshop on Wednesday, March 3, as Oppenheim explains how short sales can prevent Florida deficiency judgments and provides insider tips for buying and selling Florida real estate in this turbulent market.

What: Short Sales, Deficiency Judgment + More: Free Legal Workshop

When: Wednesday, March 3, 2010 – 6:00 to 7:00 PM

Who: Homeowners facing foreclosure, real estate professionals, buyers and sellers

Where: 2500 Weston Road, Suite 404, Weston, FL 33331

Cost: Free with advanced registration

RSVP: To register email roy@oplaw.net or call 954.384.6114

For more information visit the Oppenheim Law News Room to access all of the event’s details. Please feel free to leave a comment if you have any questions or suggestions for the workshop.

Oppenheim Law looks forward to seeing you all on Wednesday, March 3rd.

In Case you Missed it! Florida Foreclosure Workshop In Review

Tuesday, February 9th, 2010

By Roy OppenheimPicture 20

Oppenheim Law marked its 16th Monthly legal real estate workshop last Thursday and thanks to you – our readers  – who attended or brought a friend, we continue to evaluate the real estate market.

For those not able to make the event, I have two pieces of good news for you:

  • Oppenheim Law is already preparing for our next free real estate workshop scheduled on Wednesday, March 3.
  • We have a recap of the workshop’s timely highlights

The most important message: things are changing.

  • 70% of foreclosure cases that go to mediation are settled.
  • Walking away from an underwater mortgage is no longer a moral decision. The banks were allowed to walk away from their monumental debt and write it off as a “business decision.” Why can’t homeowners do the same?
  • The crisis in Haiti will likely have an influence on the South Florida real estate landscape. Florida saw similar results after Hurricane Andrew when folks were searching for new places to live. Black Swan events like these are important to consider and watch.

Oppenheim Law stresses the importance of helping homeowners avoid deficiency judgments at all costs. Ignoring the foreclosure notice or moving out is perhaps not the best possible decision you can make.

While 97% of folks facing foreclosure are not represented by counsel, those who are have a much better chance of avoiding a deficiency judgment and saving their home.

We look forward to hearing your comments on our last workshop and invite you to join us on WEDNESDAY, March 3 (A Wednesday for this next month only!)

From the Trenches,

Roy Oppenheim

Subject: Will Haiti’s Horror Impact South Florida Real Estate?

Friday, January 29th, 2010

Good Question! Let’s explore the possibilities.

Real Estate Black Swan Arrives: Free Legal Foreclosure Workshop February 4

The attorneys at Oppenheim Law point to the crisis in Haiti as a “black swan event,” an occasion no one could have foreseen with drastic effects on the South Florida real estate landscape.

Join Oppenheim Law at the next free legal real estate workshop on February 4, as Roy Oppenheim explains how the tragedy in Haiti will affect South Florida foreclosure. The workshop will also provide insider tips for buying and selling Florida real estate in this turbulent market and explain how to avoid deficiency judgments at all costs through South Florida short sales and other Florida foreclosure defense strategies.

BlackSwanWhat: The Black Swan is Here: Free Real Estate Workshop

When: Thursday, February 4, 2010 – 6:00 to 7:00 PM

Who: Real estate professionals and homeowners facing foreclosure, buyers, and sellers

Where: 2500 Weston Road, Suite 404, Weston, FL 33331

Cost: Free with advanced registration

RSVP: To register email roy@oplaw.net or call 954.384.6114

For more information visit the Oppenheim Law News Room to access all of the event’s details. Please feel free to leave a comment if you have any questions or suggestions for the workshop.

Oppenheim Law looks forward to seeing you all on February 4th.

New Year: New Rules – Florida Supreme Court Requires Mediation in Foreclosure

Tuesday, January 5th, 2010

Just as 2009 ended, the Florida Supreme Court announced a uniform procedure for all newly filed foreclosure cases for homestead properties.  While the procedure is not yet fully in place, it should be shortly.

The Court acknowledged the system is not working. Foreclosure filings are expected to reach 456,000 cases in Florida by the end of 2010, a 50% increase from those in 2009. Thus, the Court felt compelled to do something.

My free foreclosure and real estate workshop on Thursday, January 7, at 6 p.m. is designed to review the “Year That Was” and preview the “Year That Will Be” based on the New Rules for 2010.

These new rules mean banks will be taken to task by the legal system. If conducted properly, a homeowner can demand proof of the Note and ownership of the loan prior to mediation. If the bank does not show up at the mediation or does not have a person with “true” authority to settle the case, the Court can issues sanctions against the bank and even hit the bank with attorney’s fees in some instances.

Until now approximately 75% of cases in mediation settled. That number should now shrink since the system will soon be overloaded with mediations. The real question is how to take control of this new strategic tool. Of course, one has to be mindful of the old saying, “Be careful what you ask for.”  That will certainly be the situation here.

You need to know your objective and have a plan or strategy. Is your desire to walk away without the bank coming after you, or is it to stay and renegotiate the loan to its new underwater value? Or is it to rent the house and just be able to stay?

Lots of creative options will arise that are good for the homeowner and even the bank. The key is knowing what is best for you and using this new opportunity as a way to fashion your own bailout.

I hope to see you all Thursday night, January 7th, at our free Florida foreclosure defense and real estate workshop as Oppenheim Law helps you achieve a New Bailout in the New Year. Again, I wish you all the best in 2010!

Oppenheim Law Makes the National Law Journal List!

Friday, January 1st, 2010

Who 
would ever have thought that WE…and that includes YOU… all my blog, Facebook and Twitter 
friends…. would become the 4th most important legal trend of the decade.

Check out The National Law Journal’s excerpt on The 25 Legal Stories That Defined The Decade. Social Media was #4 and I shared my thoughts with The National Law Journal’s Tresa Baldis about it in this link…

http://oppenheimlaw.com/media-coverage.php?new_id=96

Thank YOU for the friends, follows and shares.

What a way to start the New Year!

Cheers!

Roy

P.S. Bail out the New Year with me at my Free Foreclosure Defense Workshop on January 7th from 6-7 pm

Oppenheim Law Looks Back at “The Year of Foreclosure” + Ahead to Florida Foreclosure Defense in 2010

Monday, December 28th, 2009

As I write this, I’m preparing for a two-week trip to South America with my family (packing my bags now). By the time you read this, I hope to be relaxing and enjoying the opportunity to reconnect and recharge.

But first some last words for the year…

It’s hard to believe the South Florida Law Blog is now approaching its one-year anniversary!

When Oppenheim Law unveiled the South Florida Law Blog, not even my own wife, kids, sibling or in-laws would subscribe. When I wrote, it seemed only to be for the invisible search engines that provide little substantive feedback.

But slowly, ever so slowly, YOU started subscribing. Oppenheim Law’s early readers commented frequently, as did our Facebook fans. You all pushed our Florida foreclosure defense team, supported Oppenheim Law and gave me more encouragement than I ever deserved or expected. In fact, it was never me that propelled the blog but the cutting-edge subject matter and helpful content. Now we have thousands of online subscribers and it’s growing every day.

Throughout 2009, Oppenheim Law found ways for families facing Florida foreclosure to stay in their homes, even against the most improbable odds. My recent appointment by the Florida Bar to a committee that addresses Florida foreclosure-related issues is a testament to the collective efforts of Oppenheim Law’s foreclosure defense team. At first, our foreclosure defense attorneys considered ourselves the underdog. But now, with so many other attorneys emulating Oppenheim Law’s tactics, the playing field is becoming a little more balanced.

The banks and our public officials in Washington undeniably let us down. They demonstrated unbelievable hypocrisy in bailing out the largest financial institutions with taxpayer money while expecting families to fashion their own bailout. The U.S. Treasury looked the other way when the very bankers who caused the crisis were paid multi-million dollar bonuses with tax payer funds, while folks underwater and unemployed continued to drown. And through it all, Washington looks on and takes political contributions from the banks. Sometimes, I think Washington is just fiddling as Nero did while Rome burned to the ground.

In the New Year, Oppenheim Law will continue helping the average person craft personal bailouts through my signature column “In the Trenches.” Ellen, my law partner and wife, with a background in psychology, will introduce a new column called “From the Heart.” Her column will address the long-term social ramifications South Florida can expect from the legal and economic fallout of this foreclosure crisis.  Once in awhile, we may even collaborate on a blog.

I’m also proud to announce Oppenheim Law will be continuing its free Florida foreclosure defense and real estate workshops in 2010.  The legal workshops are designed to help South Florida homeowners understand the tools available for crafting personal bailouts.

The first workshop of the New Year will be Thursday January 7th at 6 p.m.

2009 has proven to Oppenheim Law that the “new normal” has arrived and “Dorothy: We are no longer in Kansas. No matter how much you want to go home,” certainly applies to South Florida’s real estate and economic landscape. Together, however, Oppenheim Law will provide you the tools and encouragement to persevere.

On behalf of my whole family, and staff I thank you all again for your support. I look forward to hearing from you often and wish you and your family the very best in the New Year. I am confident 2010 will be better for all of us.

Free Legal Workshop December 3: Fashioning Your Own Bailout

Wednesday, November 11th, 2009

Florida Foreclosure Defense Workshop Helps Bailout Homeowners
Roy Oppenheim is a real estate and Florida foreclosure defense attorney who says homeowners who know their legal rights have the power to fashion their own foreclosure bailouts. Free Workshop Thursday, December 3 from 6-7 p.m.

Fort Lauderdale, FL – November 11, 2009 – With South Florida on pace for nearly 100,000 foreclosure filings this year, it’s time homeowners start fashioning their own foreclosure bailouts, according to Florida foreclosure defense attorney and legal blogger Roy Oppenheim. The first step to protecting yourself and your home is understanding your legal rights.

Oppenheim Law’s monthly workshops are designed to assist both homeowners and real estate professionals.  During December’s workshop, Roy Oppenheim will not only show homeowners how to fashion their own Florida foreclosure defense bailouts, but will also emphasize the decreasing social stigma attached to the foreclosure process, and provide insight and valuable tips on buying and selling South Florida real estate.

“You have to have your own lifeboat, and you have to do what’s best for your family,” Oppenheim said on the Randi Rhodes Show. “You can’t wait for the Ark to come and pick you up. You’re going to have to build your own Ark and fashion your own bailout.”

What: Fashion Your Own Bailout: Free Real Estate Workshop
When: Thursday, December 3, 2009 – 6:00 to 7:00 PM
Who: Real estate professionals and homeowners facing foreclosure, buyers, and sellers
Where: 2500 Weston Rd Ste 404, Weston, FL 33331
Cost: Free with advanced registration
RSVP: To register email roy@oplaw.net or call 954.384.6114

December’s Foreclosure Bailout Workshop will highlight the following foreclosure defense strategies and real estate tips:

•    Learn the process of foreclosure and how to fashion your own bailout
•   Learn tips on applying for a mortgage modification and the best time to apply during foreclosure
•    Insider information about counterclaims against the banks and deficiency judgments
•    How to locate and purchase foreclosed properties substantially below market value
•    Tips on finding, buying and selling short sales
•    Insight on current Florida home prices and the right times to buy and sell
•    Oppenheim will also discuss: deed in lieu, second mortgages, and Chapter 13 bankruptcy

Address: 2500 Weston Rd, Ste 404 in Weston, FL 33331.
Phone: 954.384.6114

Learn: http://www.oppenheimlaw.com
Fan: http://www.facebook.com/oppenheimlaw
Close: http://www.westontitle.com
Follow: http://twitter.com/oplaw
Subscribe: http://southfloridalawblog.com
Watch: http://www.youtube.com/user/oppenheimroy

Roy Oppenheim’s Free Legal Real Estate Workshop Helps Homeowners: Know Your Rights, Save Your Home

Wednesday, October 21st, 2009

Fort Lauderdale, FL – October 20 2009

Foreclosures happen to all ages. Reporting the latest Florida foreclosure news, stats, tips and legal insight is Attorney Roy Oppenheim and his staff.

Foreclosures happen to all ages. Reporting the latest Florida foreclosure news, stats, tips and legal insight is Attorney Roy Oppenheim with his clients.

Protecting yourself and your home in this turbulent economy and Florida real estate market is easier said than done.  Roy Oppenheim, Oppenheim Law’s legal blogger and foreclosure defense attorney, believes understanding your legal rights greatly increases your chances of survival and recovery.

Oppenheim’s monthly legal workshops are designed to assist both homeowners and real estate professionals.  The November workshop will not only focus on defending Florida foreclosures, but will also include a state of the economy update and valuable tips on buying and selling South Florida real estate.

What:         Florida Housing Help: Free Real Estate Workshop
When:        Thursday, November 5, 2009 – 6:00 to 7:00 PM
Who:          Real estate professionals and homeowners facing foreclosure, buyers, and sellers
Where:       2500 Weston Rd Ste 404, Weston, FL 33331
Cost:           Free with advanced registration
RSVP:        To register email roy@oplaw.net or call 954.384.6114

Oppenheim Law’s November workshop will highlight the following foreclosure defense strategies and real estate tips:

•    Learn the process of foreclosure and how to defend your home
•    Learn tips on applying for a mortgage modification and the best time to apply during foreclosure
•    Insider information about counterclaims against the banks and deficiency judgments
•    How to locate and purchase foreclosed properties substantially below market value.
•    Tips on finding, buying, and selling short sales
•    Insight on current Florida home prices and the right times to buy/sell
•    Oppenheim will also discuss: deed in lieu, second mortgages, and Chapter 13 bankruptcy

Address: 2500 Weston Rd, Ste 404 in Weston, FL 33331.
Phone: 954.384.6114

Learn: http://www.oppenheimlaw.com
Fan: www.facebook.com/oppenheimlaw
Close: http://www.westontitle.com
Follow: http://twitter.com/oplaw

5 Ways to Avoid Florida Foreclosure: Free Legal Workshop Aims to Help Homeowners

Wednesday, September 23rd, 2009

The legal side of Florida real estate can be daunting in this economy.  Knowing your legal rights increases your survival and recovery rate says, Florida foreclosure attorney and South Florida law blogger Roy Oppenheim.

Designed to help homeowners, Oppenheim’s monthly Florida foreclosure workshop provides a venue where homeowners and real estate professionals unite. The October workshop will not only focus on defending foreclosures but is also coupled with tips on buying and selling Florida real estate, including how to buy a short sale or a previously foreclosed property.

What:  Florida Housing Help: Free Real Estate Workshop
Who:  Real estate professionals and homeowners facing foreclosure, buyers, and sellers
Where:  2500 Weston Rd Ste 404, Weston, FL 33331
When:  Thursday, October 1, 2009 – 6:00 to 7:00 PM
Cost:  Free with advanced registration
RSVP:  To register email roy@oplaw.net or call 954.384.6114

Whether its volunteering at the CBS Neighbors 4 Neighbors phone banks answering questions about foreclosure or hosting his own free workshops, Oppenheim spends his time educating real estate professionals and Florida homeowners about their legal rights when it comes to foreclosures, shorts sales, loan modifications, and REOS.

Oppenheim Law’s October workshop will highlight the following foreclosure defense strategies and real estate tips:
•    Learn the process of foreclosure and how to defend your home
•    How to locate and purchase foreclosed properties substantially below market value.
•    Tips on finding, buying, and selling short sales
•    Insight on current Florida home prices and the right times to buy/sell
•    Insider information about counterclaims against the banks and deficiency judgments
•    Roy Oppenheim’s advice for investors
•    Learn tips on applying for a mortgage modification and the best time to apply during foreclosure
•    Loopholes in defending foreclosure and how foreclosure defense can save homes
•    Oppenheim will also discuss: deed in lieu, second mortgages, and Chapter 13 bankruptcy

About Oppenheim Law
Founded more than nineteen years ago by a husband and wife legal team, Oppenheim Law is uniquely positioned as one of Florida’s leading boutique law firms, focusing on Florida real estate and foreclosure law. Serving the greater Fort Lauderdale, Florida-area and serving high-profile national, international and local clients, the firm is proud to have the highest (A-V) rating, conferred by Martindale Hubbell® Law Directory – the most respected directory of lawyers and law firms in the United States.

by Lisa Buyer, Oppenheim Law public relations