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Tag: short sale

Obama Administration Implements New Guidelines to Assist Short Sales

While mortgage modifications continue to be a huge problem for the Obama administration, they seem to be following the advice of the geeks at the Federal Reserve and from the folks in the “Trenches“. (See WSJ Article). You are eligible to do a short sale if (1) you have a government backed loan (Fannie, Freddie, VA, etc.), (2) its your […]

Oppenheim Law on Dating and Banking Relationships

Why Gentlemen Prefer Blondes and Banks Prefer…Short Sales It should come as no surprise that only 12.4 percent of Florida borrowers who are at least two months behind on mortgage payments have entered into trial loan modifications through the Obama administration’s Making Home Affordable program. The first date For many who tried to get a Florida loan modification, the process […]

10 Inside Tips for Buying or Selling Florida Foreclosures, REOs, Short Sales

If you missed last weeks real estate workshop, Roy Oppenheim discussed the current Florida real estate market and offered tips for homeowners to stay above water. Roy offers a free foreclosure defense and real estate workshop on the first Thursday of every month, so make sure you check it out or send your friends next time around. See below for […]

Deep Cleanings for Foreclosures

Many people may be hesitant to believe that business is booming, but there is a particular profession that is; namely, Property Preservationists for distressed properties. As reported in the August 13th Sun-Sentinel, foreclosures have tripled across the nation since 2005. More and more of these properties are becoming REOs, or “real estate owned,” meaning the bank holds the deed. Before […]