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Category: Strategic Default

Strategic Defaulters Are Public Enemy #1 Again (Unless They’re on Wall Street)

Roy Oppenheim’s commentary was originally published on Yahoo! Homesand is being republished on South Florida Law Blog with their permission. Deficiency judgments are probably the last thing any homeowner under threat of foreclosure wants to think about. For the uninitiated, a deficiencyis when the proceeds from a foreclosure sale, or a short sale, don’t cover the balance of the mortgage […]

Oppenheim Law's New Client? Federal Government Strategic Default Case

The government is underwater, just like so many homeowners. As the political negotiations on raising the debt ceiling draw closer to the August 2nd deadline, several visionaries in the House of Representatives have suggested that the Federal Government get on board with the rising trend and strategically default. While such a move is unthinkable for some in Washington and Wall […]

Second Mortgages Lead to Misery or Modification for Florida Homeowners

Nearly 40% of homeowners who took out a second mortgage are underwater on their loans, but the news surrounding second mortgages isn’t all doom and gloom for Floridians, says Florida foreclosure defense attorney Roy Oppenheim. Second mortgages refer to any loan taken out on a property that is subordinate to the first mortgage, and include home-equity loans or lines of […]

Workshop Replay: Goodbye Yellow Brick Road – No more Fannie Mae and Freddie Mac

Why isn’t Wall Street in Jail? Is our government a giant Ponzi scheme? These are the questions Roy Oppenheim asked during Wednesday night’s Short Sale and Foreclosure Defense seminar. During the webcast, Oppenheim discusses how with the departure of Fannie Mae and Freddie Mac also goes the traditional 30-year mortgage, paving the way for a new 20-year mortgage, higher interest […]

Real Estate Madness: Madoff Burns Banks and Brands Government

Is the whole government a Ponzi scheme? Bernie Madoff thinks so and who would know better than the master manipulator himself? When the greatest financial criminal in history calls collect, you listen. The result? A fascinating feature by New York Magazine writer Steve Fishman exploring Bernie Madoff’s brazen plan, subsequent panic and tumultuous downfall. Perhaps most interesting is Madoff’s assertion […]

Red Carpet Winners, Short Sales and Oppenheim Law’s March Real Estate Workshop

Join Florida Foreclosure Defense and Short Sale Attorney Roy Oppenheim March 9th at 6 PM. “Not a single financial executive has gone to jail”…that is how Producer Charles Ferguson rocked the Oscars by starting his acceptance speech for winning best feature documentary for “Inside Job,” a film about the 2008 financial system meltdown. How appropriate. Meanwhile, Florida real estate is […]

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 […]