The Great American Foreclosure War
There is an invisible war in America now- not between the races, sexes, economic classes or any political parties. This bloodless conflict is the battle for the American Dream, pitting the ordinary citizen, rocked by the recession and deprived of billions in bail out money which the government which serves them has instead provided to the enemy of millions of American homeowners… the big banks. Why are they the enemy? After all, without them those citizens would not be able to buy their home and achieve that American Dream. In a sense, this is true, but once you dig deeper, you find that the foreclosure crisis has shed light on the mundane and monotonous process of mortgage financing, and revealed fraud and criminal acts at many levels. Of course, not every bank is a bad one and not all foreclosures are illegal… but recent court decisions show that the 99% of homeowners who do not challenge the foreclosure and sale of their home may now want to consider putting up a fight, even without a lawyer, to keep their single largest asset they’ll ever own. This important information could actually save your home.
When people get into financial trouble and get a Notice Of Foreclosure, most panic or shut down, not wanting to deal with what could be viewed as close to death and public speaking on the Fear and Trauma Scale Index. Intimidating and embarrassing, the typical American- no matter how smart or educated- does not know that they have many legal options and defenses. They understandably think- okay, I have not paid my mortgage in a few months, so that is that- it is only a matter of time until my home is no longer mine.
In this four part series, those defenses will be explained, but know this now: do not ignore a Foreclosure Notice, and if you cannot afford a lawyer, it matters little, as if you have an IQ above 80 and a work ethic, you can manage to mount a defense that is valid and not merely an empty tactic of delay.
Search for “foreclosure defense pro se” on a search engine, and you will be on your way- but this series will condense much of that, so look for Part 2 of The Great American Foreclosure War next week… and fight for the right to a night of good sleep with a new attitude of “my home I will keep”.
