Oppenheim Law tells all at 6 pm tonight with perspective on the state of Florida Real Estate via a free Webcast or be part of a live audience in Boca Raton.
Homeownership will no longer define the AmericanDream. That’s because 30-year, fixed-mortgageloans that we’ve known since the 1950s may become a luxury if the federal government tightens constraints on FannieMaeandFreddieMac—the two lenders that historically backed home loans for the masses (even with far less than perfect credit scores). Indeed, a private mortgage finance market could emerge with entirely new rules—rules that make it harder and more expensive to get a loan.
Next, consider convicted Ponzischeme mastermind Bernie Madoff’s comments from his prison cell. Madoff told New York magazine that GoldmanSachs, MerrillLynchandMorganStanleySmithBarney knew all along that he was working the system—and did nothing. Madoff suggested that the entire government is a Ponzi scheme. What if Madoff is right? It’s a disturbing thought…
That leads us to the question, “Whyisn’tWallStreetinJail?” Where’s the accountability? Clearly, greedy banks did their dirty deeds and clearly American taxpayers are footing the bill. Wealth has been destroyed. Lives ruined. Yet Wall Street—and the prominent firms that make up the financial services industry—seem to be living above the law.
What’s an American homeowner—or foreclosure victim—to do?
Join OppenheimLaw tonight, March 9 at 6 p.m. RoyOppenheim is holding a realestateworkshop where he discusses how the aftermath of Wall Street’s greed is still affecting homeowners across the country and what you can do to pull yourself out of the hole the banks created. Oppenheim will also share how rising oil prices, continued unemployment and the possibility of an American double-dip recession is impacting the South Florida real estate market, as well as the pros and cons of how changes to mortgage options could impact SouthFloridaforeclosures and shortsales. (more…)
“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.”
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. (more…)
“Not a single financial executive has gone to jail”…that is how Producer Charles Ferguson rocked the Oscars by starting his acceptance speech for winning best feature documentary for “Inside Job,” a film about the 2008 financial system meltdown. How appropriate.
Meanwhile, Florida real estate is no red carpet winner when it comes to the housing market. Oppenheim Law announces its real estate webinar streaming live Wednesday March 9th at 6 pm, designed to help Florida homeowners use today’s economic conditions to their advantage and fashion their own bailouts.
In this timely workshop, Oppenheim shares fresh insights, including:
How the rising price of oil will affect the American job market, and in turn affect the housing market.
What these trends mean for Florida foreclosure defense and how homeowners can use these events to their advantage to engineer and structure a short sale.
The impact that a sluggish start to the national “selling season” will have on a local level.
Why home prices will continue to drop in the months ahead.
Florida real estate is not immune to the financial system melt down or the recent world events, according to Florida Foreclosure Defense Attorney and Legal Blogger Roy Oppenheim.
As revolutionary tremors continue to spread through the Middle East and actual tremors rocked New Zealand with a 6.3 magnitude earthquake, Oppenheim Law offers insight on how these international events could impact Florida’s real estate market as well as sharing the latest legal trends in foreclosure defense and short sales strategies. (more…)
Toxic foreclosures, robo-signers, rocket dockets, bank busters, dirty titles and clean homes! The new lingo in real estate law is making a name for itself and leaving frustrated homeowners with questions.
If you have questions about Florida foreclosure news and how it affects you, post them in the blog comments and next week we will post a blog with Frequently Asked Questions and Answers.
Today “robo-callers” are speed-dialing to encourage voters to go to the polls for Election Day; no different than the “robo-signers” (the speed signers) who contributed to the foreclosure bank fraud crisis we are in right now. The robo-callers are jamming up the phone systems just like robo-signers have done to the legal system; and allowing foreclosures to fly through the court’s rocket dockets!
2. Tomorrow is Oppenheim Law’s Foreclosure Fraud Workshop and Webcast on OppenheimLaw.tv at 6pm!
Find out what this means to the Florida homeowner as Roy Oppenheim hosts Florida’s Foreclosure Bank Fraud Workshop on Wednesday November 3rd from 6:00 to 7:00pm via webcast or live from a Boca Raton studio.
Hundreds of homeowners tuned in as Roy Oppenheim shared the new rules homeowners need to learn in this deflationary economy.
Oppenheim Law will replay September’s Strategic Default Workshop until Thursday, September 9, so this holiday weekend is a perfect opportunity to catch up on the latest in foreclosure defense, strategic default and South Florida real estate trends.
Oppenheim Law wishes you and your family a happy, safe Labor Day!
Hundreds of homeowners participated as Roy Oppenheim shared the latest on foreclosure defense, strategic defaults and South Florida real estate trends.
Oppenheim Law is making July’s Strategic Default Workshop available until Thursday, July 15.
Let us know what you think in the comments section below.
