Greed, games, and the American banks. Roy Oppenheim discussed the silent strategic foreclosure revolution of up-in-arm homeowners last night.
As frustrated homeowners tuned in online through the OPLaw Foreclosure Defense UStream Channel, Oppenheim Law marked its 18th Legal Real Estate Workshop amidst a live audience and Ft. Lauderdale Sun-Sentinel reporters.
For one week only, you can view the workshop on the South Florida Law Blog. This is your chance to hear Oppenheim explain strategic default, short sales, foreclosure defense and the real estate revolution he has dubbed “Shay’s Rebellion 2.0.”
We’ll be answering some of our Foreclosure Workshops’ frequently asked questions next week so be on the look out for that post. Feel free to add your own questions as comments on the blog!
Be sure to tune in next month on July 7 for the next Strategic Foreclosure Workshop hosted by Roy Oppenheim and for all the Foursquare users out there, start Checking In with Oppenheim Law and watch for Tips if you’re in the area!
Homeowners across the country tuned in Wednesday night as Oppenheim Law hosted its monthly Foreclosure Defense Workshop and broadcast the event live online through UStream TV.
Miss out on the live show? Oppenheim Law is streaming the Short Sale and Strategic Default Workshop on the South Florida Law Blog and UStream TV Channel through Sunday night.
We’re giving homeowners a second chance to hear Roy Oppenheim explain the latest trends in Florida foreclosure defense. Check out the video below for answers to many of the common questions homeowners have when facing a foreclosure, short sale, or strategic default.
Questions or feedback? Oppenheim Law would love to hear your suggestions for next month’s free Real Estate Workshop on June 2 in the comments section below, and be sure to follow Roy Oppenheim on Twitter @oplaw for all the latest real estate news.
Strategic default and short sales are the latest buzzwords in Florida foreclosure and real estate. Find out how these foreclosure defense strategies can prevent foreclosure and costly deficiency judgments May 5 from 6-7 p.m.
Roy Oppenheim tells homeowners how to challenge banks at their own game and how to craft your personal bailout.
What: Short Sales + Strategic Defaults: Free Real Estate Workshop
When: Wednesday, May 5, 2010 – 6:00 to 7:00 PM
Who: Homeowners facing foreclosure, buyers, and sellers
Unable to make it to Weston? Oppenheim Law broadcasts its free monthly Short Sales and Strategic Defaults Workshop online through the Oppenheim Law UStream Channel. Participants can ask questions and comment on the presentation through Oppenheim Law’s Twitter account @OPLaw.
Oppenheim Law looks forward to seeing you on May 5 whether in person or online!
As we continue to roll through 2010, dubbed “The Year of the Short Sale” by Oppenheim, it is important to remember homeowners always have rights, no matter your financial situation, and options always exist for defending yourself and your home.
April’s workshop was full of advice on executing short sales, avoiding deficiency judgments, defending foreclosure and protecting your assets and rights. We’ve put together a summary of Oppenheim’s main messages, and look forward to seeing you at the next workshop scheduled for May 5 whether in person or online!
Sluggish Mortgage Servicers – The government’s Making Home Affordable program is not going to solve this real estate and financial crisis. Banks are too slow and too reluctant to provide homeowners adequate relief.
Short Sale Savings – Short Sales have emerged as an effective way to avoid foreclosure and save homeowners’ credit, and the government’s new short sale incentives will increase this effectiveness.
Oppenheim Law has already executed four short sales for clients THIS WEEK, by the time of the workshop Wednesday night, while successfully defending costly deficiency judgments.
Cash vs. Pennies – Banks are encouraged to approve short sales and receive immediate cash relief as opposed to modifying loans and earning pennies on the dollar of their initial investments. (more…)
Find out how President Obama’s new Short Sale Program can help South Florida homeowners defend foreclosure, protect credit and prevent costly deficiency judgments.
Join Oppenheim Law for the next Free Legal Real Estate Workshop on April 7, as real estate attorney and legal blogger Roy Oppenheim explains the potential government incentives for homeowners to rid their delinquent mortgages through a short sale.
Unable to make it to Weston?Oppenheim Law will broadcast its monthly workshop online through the Oppenheim Law UStream Channel. Participants are invited to ask questions and comment on the presentation through Oppenheim Law’s Twitter account @OPLaw.
What: Short Sales, Deficiency Judgments + More: Free Real Estate Workshop
When: Wednesday, April 7, 2010 – 6:00 to 7:00 PM
Who: Homeowners facing foreclosure, buyers and sellers
Homeowners who are represented by proper legal counsel and take steps to protect their assets before, during and after the foreclosure process can leverage valuable negotiating power over the banks, according to Florida Real Estate Attorney Roy Oppenheim.
Oppenheim sat down with Asset Protection Attorney Douglass Lodmell for a second time to discuss the specific benefits legal representation can present for homeowners facing foreclosure, attempting a short sale or considering strategic default. We’ve attached the full video at the end of this post.
Oppenheim Law is continuing to defend South Florida homeowners’ deficiency judgments whether the result of foreclosure or improper liquidation and negotiation after a short sale.
“Banks are always going to go after the lowest hanging fruit,” Oppenheim said. “Legal representation and asset protection can make you an unattractive target for the banks and translate into debt settlements for pennies on the dollar.”
Check out the video below to hear Part 2 of Roy Oppenheim’s interview with Asset Protection Attorney Douglass Lodmell and feel free to leave any questions in the comments section of the blog.
WOW: What a week for folks who are looking for ways to bailout their family from the underwater mortgage mess. The tide may be turning.
This third week of March 2010 will long be remembered for when tides started to truly turn for those families with underwater mortgages. First, of course the historic health bill was passed by Congress and signed by the President.
Then, Bank of America announced that they would actually reduce principal up to 30% on some 40,000 underwater mortgages. While the news was encouraging for those who would qualify, it represented less than 1% of all mortgages underwater and seems to be merely a indication for other news to follow. http://www.nytimes.com/2010/03/25/business/25housing.html
Obama Admits Problem, Plan Not Working
But then the Obama Administration today finally announced and acknowledged that their original loan modification program designed to help millions only helped maybe 200,000 people.
Government Plan B
Most importantly, however, the government is unveiling a program that will…we hope… truly encourage banks to begin modifications and refinances with significant principal reduction. http://www.nytimes.com/2010/03/26/business/26housing.html?hp Up until now principal reduction claims on mortgage modifications were made by late night cable TV ads, by national modification scamsters and for the most part became at best urban legend.
As we have discussed on the South Florida Law Blog for more than a year, a government program modeled after the programs during the Depression Era is the most likely way to stem the foreclosure crisis. Here in South Florida, only 15% of all foreclosure properties have hit the streets. Either the banks are holding off on putting the inventory back on the streets (creating a shadow inventory) or the foreclosures have yet to be finalized by the courts. Either way, the continuous flow of distressed properties will not let the market return to anything orderly even if you have on-line foreclosure sales and triple the number of buyers which has happened in some counties, like Miami-Dade County, Florida. (more…)
Greed, games, and the American banks. Roy Oppenheim discussed the silent strategic foreclosure revolution of up-in-arm homeowners last night.
