Posts Tagged ‘Oppenheim Law TV’

Workshop Replay: Goodbye Yellow Brick Road – No more Fannie Mae and Freddie Mac

Friday, March 11th, 2011

Why isn’t Wall Street in Jail? Is our government a giant Ponzi scheme?

These are the questions Roy Oppenheim asked during Wednesday night’s Short Sale and Foreclosure Defense seminar.

During the webcast, Oppenheim discusses how with the departure of Fannie Mae and Freddie Mac also goes the traditional 30-year mortgage, paving the way for a new 20-year mortgage, higher interest rates and larger down payments. In other words, buying a house just got harder.

Roy also touched on recent news headlines, including the 60 Minutes piece titled Homeless Children: The Hard Times Generation, New York Magazines jailhouse interview with master manipulator Bernie Madoff, and scathing commentary by Rolling Stone Magazines Matt Taibbi on Wall Street’s modus operandi.

If you missed this hour of economic insight from a leading industry expert, the replay will be available on Oppenheim Law TV and the Oppenheim Law YouTube channel for the next 30 days! We want to remind you that as the short sale market heats up, Oppenheimlaw and Weston Title are here to service all your legal and title insurance related needs.

Real Estate Madness: Madoff Burns Banks and Brands Government

Saturday, March 5th, 2011

Real Estate Madness: Madoff Burns Banks and Brands GovernmentIs the whole government a Ponzi scheme? Bernie Madoff thinks so and who would know better than the master manipulator himself?

When the greatest financial criminal in history calls collect, you listen. The result? A fascinating feature by New York Magazine writer Steve Fishman exploring Bernie Madoff’s brazen plan, subsequent panic and tumultuous downfall.

Perhaps most interesting is Madoff’s assertion that some of Wall Street’s most prestigious firms, including Goldman Sachs, Merrill Lynch and Morgan Stanley Smith Barney were never blind to the scheme he was orchestrating.

“Look,” he said, “these banks and these funds had to know there were problems.” Madoff told them absolutely nothing about how he made those returns. “I wouldn’t give them any facts, like how much volume I was doing. I was not willing to have them come up and do the due diligence that they wanted. I absolutely refused to do it. I said, ‘You don’t like it, take your money out,’ which of course they never did.”

Madoff continues, “It’s unbelievable. Goldman … no one has any criminal convictions—the whole new regulatory reform is a joke. The whole government is a Ponzi scheme.”

As the housing market continues to waffle and the government rolls out plan after plan to no avail, it’s hard to argue with him.

According to the latest numbers from CoreLogic, the national average of state mortgage holders who are underwater is 22.5%. Florida sits at an astonishing level above 60%.

Homeowners, however, are not powerless in today’s market. Join Oppenheim Law next Wednesday, March 9, for the next free Real Estate Workshop where Roy Oppenheim will share how rising oil prices, continued unemployment and the possibility of an American double-dip recession is impacting the South Florida real estate market.
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Weston Title and Oppenheim Law Complete One of the Largest Short Sales with JP Morgan Chase

Tuesday, January 18th, 2011

Weston Title and Oppenheim Law Complete One of the Largest Short Sales with JP Morgan Chase.

Today, Weston Title and Oppenheim Law completed one of the largest short sales with JP Morgan Chase. The original note was approximately $6 million, but the bank approved a payoff for almost half that amount. The bank agreed to the haircut in exchange for receiving the $3 million in proceeds.

Further, the bank waived the deficiency judgment demonstrating what Roy Oppenheim has been stating for the past several weeks, “The banks are eager to deal and get the economy back on track.”

In fact, rumor has it that the JP Morgan Chase CEO, Jamie Dimon, had to sign-off on this deal.

As Oppenheim said two weeks ago in the Sun Sentinel, “The result will be more short sales, loan modifications and ‘meaningful mediations’ that will help stabilize housing prices that have been falling steadily since 2006.

For more on Foreclosures, catch the replay of last week’s Oppenheim Law monthly Foreclosure Defense workshop on Oppenheim Law TV for the next few days!

Tune in or Come by Tonight! The Future of Foreclosures Workshop

Wednesday, January 12th, 2011

By Roy Oppenheim

We’re just half way through the first month of 2011 and foreclosure fraud continues to make headline news. Tonight Oppenheim Law will be in Boca Raton hosting our monthly foreclosure defense workshop “The Future of Foreclosures”.

Roy Oppenheim Foreclosure Workshop

Will this be the year of the short sale?

How will the Feds help (or not help)?

What is the best foreclosure bailout for you?

This week I spoke to Wall Street Journal’s Market Watch, Florida’s Sun Sentinel and DebtWire, a global financial news service, about my perspective on foreclosure defense in 2011.

Tonight we will answer your questions live online or in person.

Tune in to the webcast via Oppenheim Law TV for
The Future of Foreclosures Workshop
Tonight at 6 p.m.,
or come in person to the Boca Raton studio located at
95 NW 11th St., Boca Raton, FL 33432.

Our monthly workshop is designed to walk homeowners through various foreclosure defense strategies such as short sales, strategic default, loan modifications, deed in lieu and deficiency judgments, taking into account today’s law and the homeowner’s legal rights.


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