If you are a Florida homeowner facing foreclosure, you may not be thinking about the long-term economy. But Roy Oppenheim, a Florida foreclosure defense attorney, sees the big picture and how it relates to the foreclosure crisis.

Oppenheim offered Florida homeowners his insights on the economy in a recent interview on the talk show “Mind of Money” with Asset Protection Attorney Douglass Lodmell.

As Oppenheim sees it, Florida homeowners—whether they are in a foreclosure crisis or not—have to recognize that the current state of the economy is the new norm. There isn’t going to a rapid change in today’s economy.

“We need to look at what happened in Japan with the lost decade. This could be a lost generation,” Oppenheim says. “I’m not trying to scare people, but you need to understand that the Federal Reserve throwing $600 billion into the economy to prevent it from deflating further suggests that there are real serious problems with this economy.”

What is the way out? Oppenheim offered three possible paths Florida homeowners should be aware of as they make decisions about foreclosure defense strategies. The U.S. could opt for any of these three strategies:

1. The Third World Approach: Inflating the U.S. dollar so that Florida homeowners have more money, debt is worth less and easier to pay off, but real estate is worth more. Oppenheim says this is the current direction the government is taking.

2. Open the Borders: Allowing immigrants who can invest $250,000 or more into the economy to settle here. If upper middle class people from around the world come to America, it will create a demand for products and services.

3. Green Energy Revolution: Finding alternatives to fossil fuels, figuring out how to store and transport that energy, or even finding a way to remove the carbon footprint from fossil fuels. Oppenheim says this would be as significant as the Industrial Revolution and would change the trajectory of the U.S. forever.

Reverse Mortgage Questions Answered Tonight
How does a reverse mortgage work?
Am I eligible for a reverse mortgage?
What is the best way to apply for a reverse mortgage?
What if the value of my home has dropped dramatically?
How do reverse mortgages stop the process of foreclosure?

CBS4 Reverse Mortgage Phone Bank
Who: Foreclosure Defense Law Firm Oppenheim Law + CBS4
When: Tonight, Monday September 21st from 5:30 – 6:00 PM
How: Call CBS4 305-597-4404 and speak to a foreclosure attorney

Oppenheim Law advises homeowners to be proactive and ask questions if they fear they may be facing foreclosure. Tonight’s phone bank will offer free advice for homeowners considering a reverse mortgage.

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Want more info on reverse mortgages? Visit the Housing and Urban Development Web site for the Top 10 Things you should know if you’re interested in a reverse mortgage.