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Category: Great Recession

Back to the Financial Time Machine: Bracing for the 2023 Recession

As the global economic landscape continues to devolve, it is crucial to draw upon the lessons learned from previous financial crises, much like Marty McFly’s thrilling time travel experiences in the classic film “Back to the Future.” With the Federal Reserve’s recent interest rate hikes and the ongoing banking dilemma triggered by a liquidity crisis leading to losses on long-term […]

Are Foreclosures Necessary to Creating a Healthier Housing Market?

Foreclosures and Loosening Credit: Reevaluating Risk In a perfect world, there would be no foreclosures, as people would have enough resources to make their monthly mortgages. We all can agree that the substantial number of foreclosures during the Great Recession was painful (some estimates indicate that 3.8 million homeowners lost their home to foreclosure from 2007 to 2010); however, the […]

How To Stay Safe and Stay in Business: Loss Mitigation Strategies For Individuals and Businesses

How To Stay Safe and Stay in Business: Loss Mitigation Strategies For Individuals and Businesses Description Zoom in at Noon with Roy Oppenheim : “How to Stay Safe and Stay in Business: Loss Mitigation Strategies For Individuals and Businesses” Mar 24, 2020 12:00 PM in Eastern Time (US and Canada) Register Register by Tuesday Mar 24, 2020 12:00 PM for the […]

Is this a Once in a Lifetime Opportunity to Refinance Right Now?

Mortgage rates have fallen to their lowest rates in modern U.S. history this past week due to the fears that the coronavirus is weakening the U.S. economy. Usually, lowering mortgage rates stimulates home sales.  However, with “breaking news” daily reporting a worsening coronavirus epidemic may ultimately lead to home buyers staying at home rather than actively going out to look […]

20/20 Vision: Impending Economic Recession?

Mon Aug 19, 2019 by on Great Recession & Real Estate

The longest economic expansion in modern American history could come to a screeching halt right before the 2020 presidential election. However, unlike our last major economic downturn, this won’t be brought about by the housing market. Banking On The Past As previously discussed, the 2007 financial crisis was catalyzed by exploitative banking practices which involved deceptive housing market indicators and […]

Housing and The Economy: Are we already in a recession?

The Housing Bubble A historical fact: The United States has had eleven recessions since World War II.  While pessimistic economic pundits are already forecasting that we are heading towards another recession, the true issue is whether housing ever truly recovered from the last recession of 2007-2009. Interesting, while the New York Times indicated that housing only accounts for three percent […]

Florida Foreclosure Attorney Roy Oppenheim’s retrospection on the 10 year Anniversary of the Great Recession. Last Part: The Guilty Ones.

“A Retrospective From the Trenches of the Great Recession-The Parties to Blame” Welcome to the last part of my series of posts dedicated to reflecting on the ten-year anniversary of the Great Recession. I have talked about the changes prompted by the economic collapse, the things that did not change after it, and now it is time to talk about […]