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Monthly Archives: January 2011

News of the Week: Egypt Unplugs, Obama’s New Rules, Foreclosures “Out”, Short Sales “In”

This was a historical week. Besides marking the 25th anniversary of the explosion of the Space Shuttle Challenger – an event that itself marked the end of an era; this week’s headlines included Obama’s new rules/new economy State of the Union; Friday marked the first time in history that part of the Internet went dead as Egypt “unplugged itself” in […]

Beat January Blues, Find Source of Inspiration

Today has been deemed “Blue Monday,” the most depressing day of the year. Psychologist Cliff Arnall came up with an actual formula to show that the third Monday in January can be a real downer for many people. The formula is weather plus debt minus salary multiplied by the time since Christmas to the time since failure to fulfill New […]

It’s A Short Sale World After All

It’s still a buyer’s market. That’s the conclusion of consumers in a new Gallup poll that reveals 67 percent of Americans feel now is a “good time” to buy a house. That hasn’t changed much since April 2009. So despite harder-to-come-by financing and the possibility of a housing double-dip, it seems historically low interest rates and bargain basement home prices […]

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 […]

Week in Review: Foreclosure Headlines by Oppenheim Law

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 […]

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

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”. Will this be the year of the short sale? How will the Feds help (or not help)? What is the best […]