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Author: Oppenheim Law

Snow, Egypt, Super Bowl Sunday and the Real Estate Countdown

January is historically a sleepy month stemming from the holiday hangover. But this year the first month of the year closed with a crash of economic, political and severe-weather related events that put the world in a freeze frame. February started with a continued roar as events continue to unfold. Super Bowl Sunday is notable for two reasons: it is […]

Another Black Swan! Egypt's Impact on Short Sales and Foreclosures Workshop

The ‘black swans’ just keep on coming, as underwater homeowners brace themselves for a new set of rules in 2011. Amid international struggle, national weather crises and local real estate unrest, new data shows that real estate prices continue to drop while short sale rates are skyrocketing. Want to learn more? Attend Oppenheim Law and Weston Title‘s Real Estate Workshop […]

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 […]