FORT LAUDERDALE, Fla., June 21 /PRNewswire/ -- The silent revolution of homeowners turning to strategic default reached the halls of Congress, and legislators are searching for answers, according to Florida Foreclosure Defense Attorney Roy Oppenheim.
Responding to a wave of more than 1 million homeowners strategically defaulting on their mortgage to gain the attention of banks and advantages in negotiations, House Republicans introduced a provision barring government-backed loans for borrowers who walked away from homes when they could still afford the mortgage.
Oppenheim shared his thoughts on foreclosure defense with Sun-Sentinel writers Paul Owers and Harriet Johnson Brackey in two front-page stories this week. Join Oppenheim on July 7, LIVE Online or in Weston, FL, as he explains why homeowners on the verge of Shay's Rebellion 2.0 hold the power to fashion a financial bailout.
What: Strategic Defaults + Shay's Rebellion 2.0 Explained: Free Workshop
When: Wednesday, July 7, 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@example.com or call 954.384.6114
"It's amazing that businesses and banks regularly turn to strategic default to save capital and preserve their interests, yet you will never hear of Congress imposing restrictions or deterrents on these institutions," Oppenheim said. "Once again, homeowners are staring hypocrisy in the face when it comes to banking practices and real estate."
This House provision, while ambiguous and seemingly impossible to enforce, sends a clear sign the revolt against unruly banks and unproductive bailouts is gaining traction.
Homeowners across the country will learn how to escape underwater mortgages on July 7 by joining Oppenheim Law's Strategic Foreclosure Defense Workshop to hear the steps to a successful strategic default, learn about the latest foreclosure defense techniques as well as valuable advice on avoiding costly deficiency judgments.
Ask questions, get answers and inform yourself on the following topics:
- Get details on the latest House provision designed to discourage strategic default
- Find out how homeowners are continuing a strategic default revolution
- 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
SOURCE Oppenheim Law