What can Florida homeowners learn from the wealthy when it comes to strategic defaults? Roy Oppenheim spotlights the recent trends in short sales, loan modifications, deeds in lieu, and deficiency judgments; This Free Real Estate Workshop is streaming live via the web or in person on Wednesday, August 4 from 6-7 p.m.
FORT LAUDERDALE, Fla., July 23, 2010 — Strategic default is becoming a popular real estate option for the country's wealthiest homeowners, as they choose to walk away from underwater properties at a growing rate. Why is this a trend, and what can we learn from it? Florida Real Estate Attorney and Legal Blogger Roy Oppenheim says homeowners across the country can escape underwater properties by understanding how to navigate and negotiate during these economic times.
According to data compiled for The New York Times, more than one in seven homeowners with loans in excess of a million dollars are seriously delinquent compared to one in 12 for mortgages below the million-dollar mark. These numbers suggest many are strategically dumping their financially draining properties, just as they would any sour investment.
What: Strategic Defaults: What Can We Learn from the Wealthy?
When: Wednesday, August 4, 2010 – 6:00 to 7:00 PM
Who: Homeowners facing foreclosure or underwater mortgages, real estate professionals, buyers and sellers
Where: The Oppenheim Law Online Stream
Or come in person
2500 Weston Road, Suite 404, Weston, FL 33331
Cost: Free with advanced registration
RSVP: To register email Email or call 954.384.6114
While homeowners with the highest-ranking credit scores are less likely to default on their mortgage compared to those with lower scores, when they do default, they are much more likely to do it strategically, according to The Washington Post.
Oppenheim Law will broadcast August's Foreclosure Workshop online through the Oppenheim Law Strategic Default Channel. Participants are invited to ask questions and comment on the presentation through Oppenheim Law's Twitter account @OPLaw.
August's Strategic Default Workshop will cover the following topics and more:
- Find out how homeowners are continuing a strategic default revolution
- Get details on the latest House provision designed to discourage strategic default
- Hear the steps to a successful strategic default and strategic foreclosure
- Learn the process of foreclosure and how to fashion your own bailout
- Find out how Oppenheim Law is using the size of the foreclosure crisis against the banks to defend foreclosure and prevent deficiency judgments
Learn: http://www.oppenheimlaw.com
Like: http://www.facebook.com/oppenheimlaw
Close: http://www.westontitle.com
Follow: http://twitter.com/oplaw
Subscribe: http://southfloridalawblog.com
Watch: http://www.youtube.com/user/oppenheimroy
Media Contact
Lisa Buyer, 954.354.1411×14, Email
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