Other Resources for Advocates

Brochures

• Helping Elderly Homeowners Victimized by Predatory Mortgage Loans
• HOME A LOAN: A Quick Guide on Reverse Mortgages for Senior Advocates
• Dreams Foreclosed: Saving Older Americans from Foreclosure Rescue Scams 
• Steps That Advocates Can Take To Help Prevent Foreclosure 

Foreclosure Prevention Counseling Resources

Glossaries

• HAMP & Loan Modification Glossary
• Mortgage Servicing Terms (helpful in understanding mortgage escrow statements, loan histories, and other client account documents)

Tools

• FDIC Net Present Value (NPV) Calculator An NPV calculation may assist in evaluating the costs of loan modification compared to foreclosure.

Links

• Bankruptcy Mortgage Project– a resource for those seeking an alternative to foreclosure through Chapter 13 bankruptcy
• consumerfed.org
• Freddie Mac
• Freddie Mac Single-Family Seller/ Servicer Guide

HUDCLIPS

 Mortgage Crisis in a Nutshell – This one-hour video explains the contributing factors to the foreclosure crisis in easy-to-understand language. Produced by NACA attorneys John Campbell and Erich Veith of the Simon Law Firm in St. Louis, Missouri.

• NCLC Online Bookstore
• responsiblelending.org
• The Fannie Mae Single-Family Servicing Guide
• U.S. Trustee’s Office
• VA Home Loan Guaranty Services Servicer Homepage

Webinars

• Advising Clients with Tax and Insurance Deficiency Notices on Reverse Mortgages Presentation and Recording by the National Legal Resource Center, February 23, 2011
• HAMP Basics by Diane Thompson (NCLC), December 13, 2010
• Mortgage Assistance Relief Scams: What Advocates Should Know & Updates on Regulation Presentation and Recording by Andrew Pizor (NCLC) March 10, 2010
• Seniors Facing Foreclosure: Challenges and Options (Hosted with legal services in CA) Presentation and Recording by Tara Twomey (NCLC) May 28, 2009
• When is Bankruptcy the Right Option for your Elderly Clients? Presentation