Video Interview: Roy Oppenheim on Florida Real Estate Double Dip As part of the 10 year retrospective, Roy Oppenheim will be republishing blogs from South Florida Law Blog. (Originally posted Mon Aug 1, 2011, on South Florida Law Blog)
Oppenheim Law Predictions:
Government programs such as unemployment benefits as well as the reduction in payroll tax benefits are coming to an end.
Florida banks have supposedly gotten their “fraud-closure” crisis and issues of robo-signing under control and are going to submit many new foreclosures.
If that wasn’t enough, foreclosures that were initially dismissed by the courts due to incomplete and inaccurate paperwork are now being “revived” and will also contribute to the tidal wave of foreclosures.
Sustaining housing prices will be difficult with the ending of government programs, new foreclosures hitting, and “Zombie” foreclosures coming in because there simply isn’t enough economic support.
Unless there is a surge in Florida employment, Oppenheim predicts we are heading towards another drop in Florida real estate values until early 2012.
Special note: Just don’t shoot the messenger!
For the original version on South Florida Law Blog visit : https://southfloridalawblog.com/video-interview-roy-oppenheim-on-florida-real-estate-double-dip/ Video Interview: Roy Oppenheim on Florida Real Estate Double Dip
From the Trenches,
Roy Oppenheim is a sought-after legal expert on issues relating to real estate. In 2009, he started the South Florida Law Blog to address the real estate market and foreclosure crisis. The Blog has been voted the best business and technology blog by the South Florida Sun-Sentinel. Mr. Oppenheim has been a contributor to Yahoo! Homes, featured on HuffPost Live, FOX News, and Lifetime TV, and quoted in prominent national publications, including USA Today, The New York Times and Huffington Post. Most recently, Mr. Oppenheim hosted an Ask Me Anything on Real Estate on Reddit. Mr. Oppenheim has also co-authored two law review articles: Deconstructing The Black Magic of Securitized Trusts, and The Emperor’s New Clothes.
Mr. Oppenheim founded Oppenheim Law, one of South Florida’s leading boutique law firms in Fort Lauderdale, Florida in 1989 with his wife Ellen Pilelsky, and, in 1994, he co-founded Weston Title & Escrow, a trusted South Florida real estate title company whose multilingual staff provides personal, concierge style service in the areas of real estate closings, title insurance, title searches and escrow services.
Weston Title: https://westontitle.com/
Tags: Florida Double Dip, Florida real estate, Zombie Foreclsoures