|Defending Older Adults from Home Equity Theft, “We Buy Houses,” and Foreclosure Rescue Scams |
When: Wednesday, May 26, 2021, at 11:00-12:00 P.T./2:00-3:00 E.T.
The problem of home equity theft is rampant now that home values in many areas of the country have increased. Older homeowners who have built up equity over time are a frequent target of these scams. Equity thieves are coming out of the woodwork and pursuing many of the schemes that were prevalent before the foreclosure crisis and the related housing crash, as well as some new ones.
For many older adults, these scams rob them of their ability to pass their family homes down to their children and other heirs after death. For the average American family, the equity in their home makes up two-thirds of everything they own. Older adults of color may be particularly at risk of these scams because many may be house rich but cash poor. Additionally, addressing these scams is important for building intergenerational wealth and closing the racial wealth gap—African American families own just one-tenth of the wealth of white families.
This training will address this problem by identifying scams to watch for, dissecting the anatomy of these scams, and describing legal solutions that can be pursued by attorneys. Presenters will also share examples of advocacy efforts and strategic public awareness campaigns that can be deployed by attorneys, housing counselors, and elder advocates. The perspectives of both panelists include on the ground experience representing clients on these issues.
Sarah B. Mancini, Staff Attorney, National Consumer Law Center
Michael Froehlich, Managing Attorney, Homeownership & Consumer Rights Unit, Community Legal Services
Closed captioning will be available on this webcast. A link with access to the captions will be shared through GoToWebinar’s chat box shortly before the webcast start time.
This training will be presented in a WEBCAST format to accommodate more participants. Due to the high volume of participants, computer audio will be the only option to listen to the presentation. No telephone call-in number will be provided. Please plan accordingly. Thank you. This webcast will be recorded and available on our website shortly after the presentation. The recording and training materials will also be emailed to all registrants within a few days after the training.
The webcast will take place on Wednesday, May 26, 2021, at 11:00 a.m. PT/2:00 p.m. ET and will run for one hour.