If the first two weeks of 2011 are any indication, we’re in for a roller coaster year for the real estate economy.
From unleashing the Foreclosure Fraud Files to the Ibanez decision that banks had wrongly foreclosed on two homes, the foreclosure defense climate changed hourly.
Oppenheim Law is along for the ride, contributing to both local and national foreclosure headline stories. Roy Oppenheim talked to the Sun-Sentinel twice, first telling business writer Harriet Johnson Brackey he predicts more short sales, loan modifications and “meaningful mediations” will help stabilize housing prices for the first time since 2006.
Oppenheim echoed a similar sentiment to the Dow Jones MarketWatch and financial news service DebtWire: “I am expecting the banks to do fewer foreclosures and to engage in serious conversation in pre-foreclosure with borrowers.”
In an interview later in the week, Oppenheim told Real Estate Writer Paul Owers “The writing is on the wall that foreclosures aren’t going anywhere,” in the story End in Sight for the Foreclosure Epidemic?
Wondering what this means for Florida homeowners? Is 2011 the year of the short sale or the strategic default? Catch the replay of Oppenheim Law’s monthly Foreclosure Defense workshop on Oppenheim Law TV for the next ten days!
