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Tag: economy

Florida Real Estate’s Mortal Enemy: Excess Inventories

What is killing Florida real estate? Excess inventories and falling home prices. House prices have been continuously falling for the first time in 70 years, and South Florida homeowners should expect the trend to continue. A surplus inventory of houses caused by Florida foreclosures and short sales is the mortal enemy of home prices. Lower prices are needed to sell […]

Another One Bites the Dust…A Salute to Neil Barofsky

Tue Apr 5, 2011 by on Florida Law News & Roy Oppenheim

The government official who recently left office over the housing crisis is someone who actually fought for the people instead of laying the groundwork for a cushy job awaiting him in the private sector. Neil Barofsky, the Special Inspector General for TARP resigned his post effective Wednesday, March 30. On his way out the door, he was still publicly arguing […]

Now We Know: Why Obama's Loan Modification Program Failed Homeowners – Oppenheim Observes

Wed Aug 11, 2010 by on Loan Modification & Roy Oppenheim

This past weekend, I was in our Nation’s capital. It is always interesting to see things from the inside looking out, as opposed to from the outside looking in. It is like being in a house of mirrors. One thing is apparent: the Beltway economy is not suffering like places such as Florida, Nevada, and Detroit. As a result, our […]

President Obama Speaks about the Economic Crisis as Lost Promissory Note Defense to Foreclosure Tops Google Searches

Wed Feb 25, 2009 by on Florida Law News

The President made it abundantly clear last night that one of the bailout’s fundamental purposes is to help troubled homeowners who need to refinance their homes, thereby preventing foreclosure. Yet one of the most popular Google searches yesterday concerned one’s ability to delay or stave off a foreclosure by demanding the foreclosing bank produce the original Note. In fact the […]

Foreclosure, the Shoemaker and the Economy

Tue Feb 3, 2009 by on Florida Foreclosures

Yesterday, the Wall Street Journal picked up on the story that I have been talking about at cocktail parties for a year. My shoemaker has never been busier! It’s true. In this economy, while thousands of foreclosures in Florida are filed each week, shoemakers’ phones are ringing off the hook! While it is generally well accepted that men would rather […]