Millions of homeowners share a feeling of helplessness, not knowing where they stand with their bank and not understanding the foreclosure process. A new resource called the Foreclosure Defense Academy aims to rescue these homeowners from their information abyss, beginning with an educational webinar scheduled Sept. 22 – 24, when a national audience will learn how to navigate their own foreclosure situation even if they can’t afford legal representation.
“Blame for today’s housing crisis is shared among all parties involved,” says Tom Damron, real-estate veteran from Silver Springs, Florida and founder of LegalOops.com, which will host this live event from Salt Lake City. “But banks deserve most of the blame, especially following the Commodity Futures Modernization Act in December 2000 when Congress and President Clinton enacted legislation that made it possible to convert mortgages into securities fostering an environment for exotic and sub-prime loans.”
When the housing bubble burst in 2008, banks took advantage of bailout money handed to them, and homeowners were left in a sea of frustration. Millions of homeowners have tried to responsibly work with their lender towards a fair resolution. Many foreclosure defense attorneys are unaware of the depth of the fraud being committed by lenders and some have taken on too many cases, leaving their homeowner clients vulnerable to endless frustration.
A complete history and understanding of how the mortgage industry evolved into what many believe is the biggest Ponzi Scheme in human history will be covered in these online events, including the securitization of loans and how it effects over 60 million mortgages today. Damron will explain how homeowners can navigate the foreclosure process to level the playing field with their bank and win their court case in some instances. For homeowners currently working with legal representation, the webinars will help them finally become an active participant in the process without leaving everything up to an attorney who may not be paying full attention to their case.
“This isn’t about excusing people from the responsibility they share in this mess,” adds Damron. “But of all the parties involved, the homeowner has the biggest disadvantage with limited knowledge of the process and essential steps that need to be taken.”
Due to the heavy traffic potential, those that wish to attend are urged to reserve their seat early. In an effort to accommodate as many as possible LegalOops will be hosting four events daily during the Sept 22-24 dates.
For more information, or to register, visit www.LegalOops.com. Registration begins today, Sept 16, 2011.
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