Financial Expert Joe Aldeguer Offers Free Help for Mortgage Fraud Victims

FOR IMMEDIATE RELEASE
Chicago, Illinois, United States of America (Free-Press-Release.com) February 17, 2012 -- According to financial expert and homeowner advocate Joe Aldeguer, even the slightest irregularity in a home mortgage or deed transference can cause serious legal issues for a homeowner. A high percentage of documents recently examined by the Cook County (Illinois) Recorder of Deeds found evidence of fraud, reports Aldeguer.

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Financial Expert Joe Aldeguer Offers Free Help for Mortgage Fraud Victims

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Most prevalent, says Joe Aldeguer, are false signatures/robo-signing on various documents completed throughout the home loan transfer process. Additionally, notary fraud and backdated paperwork are frequently noted, with little or no attempt at hiding the blatant misconduct. The biggest issue that arises is a “cloud on title,” explains Joe Aldeguer. In order for a bank to foreclose on a home or for a homeowner to sell the home, the title and supporting paperwork must be free and clear. This means that all of the paperwork in association with previous transfers of the property must have been executed with precision, following all legal steps, says Joe Aldeguer. A property with a cloud on the title can significantly decrease the home’s value and marketability.

Joe Aldeguer says that it’s time to fight back. All homeowners, especially those who financed their mortgage with large financial institutions between 2001 and 2008 and who are now facing bankruptcy or foreclosure, are encouraged to attend February’s first-in-a-series of free seminars presented by Joe Aldeguer. It’s important to note that in 2006, 20% of all US mortgages were originated by Countrywide and then bundled and sold – in bulk – to any one of thousands of Wall Street mortgage-backed securities. Joe Aldeguer says that after Bank of America acquired Countrywide in 2008, routine audits of documents revealed that an astounding number of mortgages were not properly conveyed to Bank of America or their respective trusts.

Throughout the rest of 2012, says Joe Aldeguer, homeowners can attend any of these free seminars for a crash course on topics ranging from foreclosure, bankruptcy, and strategic default to the Countrywide/Bank of America document scandal. The seminars will be held the first Saturday of every month and will spotlight real estate and mortgage experts with pragmatic advice on how to stay above water as the housing crisis plays out over the course of the next few years, reports Joe Aldeguer.

Currently, it is estimated that the average homeowner is nearly 22% “underwater” on their mortgage, reports Joe Aldeguer. Additionally, as families rely more and more on credit cards and unsecured loans to survive from week to week, many people see no way to dig themselves out of the financial crisis. That’s why these seminars and workshops are so important now, says Aldeguer. He says that the seminars are aimed to help as many homeowners as possible find a legal recourse to stay in their homes when foreclosure is staring them in the face.

According to Joe Aldeguer, any Illinois homeowner is eligible to sign up and attend the free workshops Aldeguer says that homeowners will be given access to foreclosure and bankruptcy attorneys who will be more than happy to answer questions they may have. For more information, call the Oakbrook owner advocacy center office at 630-338-0100.

More information can be found online at http://joealdegueronline.com/

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