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Tag: short sale

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 […]

Double Dip Recession? Find out March 9th How World Events Affect Underwater Homeowners

As we prepare for Oppenheim Law‘s March 9th Foreclosure and Short Sale Workshop, one thing is clear: Florida real estate is not immune to world events. The Wall Street Journal is reporting a sluggish start to selling season, typically kicked off by Super Bowl Sunday. Given the volatile international headlines this week, this news hardly comes as a surprise. From […]

Instant Replay! UStream TV Brings Oppenheim Law Workshop Live! April’s Short Sale + Foreclosure Defense Workshop in Review

Live from Ustream, it’s Roy Oppenheim with an instant replay available for the next 48 hours! On a night when Oppenheim Law broadcast its monthly Foreclosure Defense Workshop to over 100 viewers on UStream, the primary message from real estate attorney and legal blogger Roy Oppenheim was one of opportunity and hope. As we continue to roll through 2010, dubbed […]

Get Paid to Leave Your Home? Florida Real Estate Workshop Tells All April 7

Find out how President Obama’s new Short Sale Program can help South Florida homeowners defend foreclosure, protect credit and prevent costly deficiency judgments. Join Oppenheim Law for the next Free Legal Real Estate Workshop on April 7, as real estate attorney and legal blogger Roy Oppenheim explains the potential government incentives for homeowners to rid their delinquent mortgages through a […]

Roy Oppenheim on “Asset Protection” Show Part 2 – Discusses Deficiency Judgments and Homeowner Negotiating Power

Homeowners who are represented by proper legal counsel and take steps to protect their assets before, during and after the foreclosure process can leverage valuable negotiating power over the banks, according to Florida Real Estate Attorney Roy Oppenheim. Oppenheim sat down with Asset Protection Attorney Douglass Lodmell for a second time to discuss the specific benefits legal representation can present […]

Lemonade Courtesy of the FHA: 90 Day Anti-Flipping Restriction Waived

Great news for real estate investors and flippers who were once restricted with the 90 day FHA anti-flipping regulations. Due to the increase in the volume of foreclosures over the past two years, the Department of Housing and Urban Development recently announced that they are waiving the 90 day flipping regulations in 24 CFR

Why Oppenheim Law Prefers Short Sales Over Florida Foreclosure

Some Florida attorneys and other experts sometimes seem to suggest there is no difference between having a Florida foreclosure or Florida short sale on your record or credit report and pose the question: “Why go through the hassle of a short sale?” The thought process might be technically correct, but only in a state described as a “non-recourse state.” Florida […]

Oppenheim Law Explains How Short Sales and House Flipping Can Bailout South Florida Homeowners

WSJ reporter, James Hagerty, arguably one of the best reporters covering the real estate crisis and with whom I speak with from time-to time wrote a great article this morning concerning professional investors who are going to auction, fixing up the houses and then flipping them for a profit. (Also take the time to look at the slides and related […]