Posts Tagged ‘Roy Oppenheim’

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Sun-Sentinel Highlights Florida Attorney Roy Oppenheim + Strategic Default

Monday, June 14th, 2010
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Roy Oppenheim Strategic Default Sun-Sentinel

Aside from acting as counsel on short sales, foreclosure defense and strategic defaults, Weston real estate attorney Roy Oppenheim is bestowing a sense relief to South Florida’s underwater homeowners.

As Oppenheim Law mentioned in our Shay’s Rebellion 2.0 Workshop Recap, Sun-Sentinel real estate writer Paul Owers was on hand, working on a feature article of Oppenheim and the firm’s foreclosure defense strategies.

The article highlights Oppenheim Law’s monthly foreclosure defense workshops, explains the firm’s entry into foreclosure defense practice and describes the positive effects Oppenheim Law’s services are providing for homeowners struggling to make their monthly mortgage payments.

Check out the entire Sun-Sentinel article in Oppenheim Law’s Newsroom and be sure to leave your comments below!

Roy Oppenheim Foreclosure Defense Sun Sentinel

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Posted in Florida foreclosures, Florida Law News, Florida real estate, Foreclosure Defense, Foreclosure Workshop, Roy Oppenheim, strategic default, Sun Sentinel | No Comments »

How the Gulf Oil Catastrophe Brought Upon a True Black Swan

Thursday, June 10th, 2010
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"Black Swan" Covered in OilEven before the economic bubble started to burst in 2005, I frequently talked about Black Swan events (Haiti, Transcript and Video from Presentation back in November of 2008) You know the kind of low probability events that have a huge impact on the economy.

Examples are Hurricane Katrina, the Haiti and Chilean earthquakes and, of course, the devastating Gulf Oil catastrophe. Who could have imagined an underground oil well would explode and the government would not have a logistical safety plan in place. Now we watch each day helplessly as the oil destroys our beaches, marine ecosystem — and our way of life.

It is always events that just come out of nowhere that shock our senses. This oil deluge is no different except it is happening in slow motion over weeks and months instead of minutes or seconds. Each day tens of thousands of gallons of oil are fowling our shorelines and animal life. Fisherman and those in the marine industry are feeling the effects first, but so are the folks in the hospitality business.

Many small businesses will be put out of business, and there will be a new round of mortgage defaults by those that have lost their livelihoods due to this crisis. Individuals generally involved in tourism in the bordering Gulf States will be most affected.

Economists are suggesting that along the Florida Panhandle alone 195,000 people may lose their livelihoods. Not just their jobs! Those fishermen who only know how to fish as a livelihood face a huge problem since the fishing industry as a whole is at risk. Estimates suggest the losses to the Florida Panhandle alone could top $10 Billion!
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Posted in Florida foreclosures, Florida real estate, Roy Oppenheim | 1 Comment »

Oops…They Did It Again – Another Wrongful Foreclosure

Thursday, June 3rd, 2010
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Taking after Britney Spear’s colossal “Oops…I did it again” hit song from 2000, Bank of America has accidentally foreclosed on a home for the third time in less than a year!

“I honestly felt like Bank of America was trying to steal my property”, said Nancy Willmes, who had paid cash for her home from Fannie Mae, who had foreclosed on the previous owner.

This growing problem is caused by the massive increase in foreclosure proceedings lenders have seen in the past few years. The numbers are startling, and there has been over a 400% increase in foreclosure filings in Florida since 2007.

This enormous increase has not only affected the already bogged down “Big Banks” but has also put a serious strain on our legal system, that at times appears to have been transformed into a private collections agency. In fact, several months ago the Miami-Dade Clerk of the Court’s Office erred in a foreclosure action and had a woman and her family literally thrown into the street by police officers after they auctioned off her $260,000 home for $87,000. A Judge quickly reversed the sale, but the family was left homeless for 24 hours.

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Posted in Florida foreclosures, Florida Law News, Florida real estate, Foreclosure Defense, Roy Oppenheim | 1 Comment »

Real Estate Rewind! Oppenheim’s Strategic Foreclosure Workshop Replay

Thursday, June 3rd, 2010
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RoyOppenheimPaulOwersRealEstateGreed, 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!

Broadcasting Live with Ustream.TV

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!

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Posted in Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Foreclosure Defense, Foreclosure Workshop, Roy Oppenheim, Short Sales, social media, strategic default, Sun Sentinel | 1 Comment »

It’s Time: Strategic Foreclosure Workshop Tonight

Wednesday, June 2nd, 2010
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Foreclosures have been filed against 1.7 million American homeowners, and The New York Times is reporting the pace of the legal proceedings is continuing to slow: In Florida, the average property spends 518 days in foreclosure, second only to New York’s 561 days.

This is good news for underwater homeowners, who now have the opportunity to use strategic defaults and short sales to begin crafting their own real estate bailouts, according to real estate attorney and legal blogger Roy Oppenheim.

Join Oppenheim Law LIVE Online Tonight at 6 p.m. as Oppenheim explains the latest in strategic foreclosure trends and shares insight on how homeowners can use the foreclosure process to their advantage.

What: Strategic Foreclosure: Free Legal Workshop

When: Wednesday, June 2 – 6:00 to 7:00 PM

Who: Homeowners facing foreclosure, buyers and sellers

Where:

In Person: 2500 Weston Road, Suite 404, Weston, FL 33331

Online: LIVE through OPLaw’s UStream Channel

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.

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Posted in Foreclosure Workshop | No Comments »

Show me the Note! Oppenheim Law Explains New FL Supreme Court Ruling

Wednesday, May 26th, 2010
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2004109385Taking a page from Cuba Gooding, Jr. in the movie Jerry Maguire, a new rule in South Florida courts has homeowners and foreclosure defense attorneys screaming: “SHOW! ME! THE! NOTE!!!”

Until now, banks have been abusing a Florida statute allowing them to file a foreclosure based on a “lost note.” The problem: the notes aren’t lost; the banks are just too lazy to look for them. This new rule is halting foreclosure filings in their tracks, as banks scramble to find the notes so they can foreclose.

Before, foreclosure mills were simply filing a complaint and claiming a ‘”lost note,” without actually ever looking for it. Now, the courts are requiring attorneys to prove the banks have at least attempted to find the note. Prior to this rule, banks would file the complaint, and the note would always mysteriously appear four months later IN ALMOST EVERY CASE.

An article published today in The Sun-Sentinel found foreclosure filings have dropped 36% since last month in South Florida. Local attorneys and judges are attributing this to the colossal mess at the banks, as they scramble to find the notes.

Before, they had plenty of time to look for it. Now, they can’t do anything without it. While this might seem like good news for the overwhelmed court system, in reality it is simply delaying the inevitable. Like the receding waters before a tsunami, we can expect a substantial increase in filings once the banks begin finding these “lost notes,” and then the entire system could drown.

Anthony DiMarco of the Florida Bankers Association sees it a bit differently, claiming the decrease in filings is due to the banks’ increased number of loan modifications, and an increased willingness to approve short sales.
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Posted in Florida foreclosures, Florida Law News, Florida real estate, Florida Supreme Court, Foreclosure Defense, Sun Sentinel | 3 Comments »

Roy Oppenheim on Strategic Foreclosure: Shay’s Rebellion 2.0

Thursday, May 20th, 2010
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A silent rebellion has begun. This time there will be no drums or shots fired. In fact, no one will hear anything. Not even footsteps.

Homeowners have reached a tipping point of sorts: 7 million homeowners are currently underwater. They are defaulting on their mortgages. One by one they are part of Shay’s Rebellion 2.0, a rebellion being fought on the frontlines of foreclosure through strategic default.

This time however, it’s not just western Massachusetts, but a silent battalion of millions of underwater homeowners across every state that have declared a consumer rebellion. These new warriors are no longer worried about a bad credit score; instead they are concerned with their family’s economic future. They no longer trust a Congress they believe has been hijacked by a few large financial institutions. They also instinctively know their collective actions can quickly have devastating consequences to these oligarchic financial institutions.

This time, the Rebellion is a boycott caused by the banks’ own audacity, by thinking that they could take over the polity of this nation by growing too large for any President, Federal Reserve, or Congress.

Most experts suggest families are making a rational economic decision in walking away. Businesses decide to walk away from investments all the time. Oppenheim Law recognizes that families have an obligation to themselves and may feel compelled to break contracts just like any commercial real estate owner.

In fact, Time Equities, the owner of Tudor City in Manhattan, did exactly that when they walked away from billions in the largest strategic default in the history of the United States. Did we hear anyone say such conduct by these owners was immoral or unethical?
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Posted in Florida foreclosures, Florida Law News, Florida real estate, Florida short sales, Foreclosure Defense, Roy Oppenheim, strategic default | 8 Comments »

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