Forclosure Crisis Pre-Paid Legal Services Can help-anyone in this situation.
United States of America (Press Release) November 3, 2007 --
Pre-Paid Legal Services, Inc. Addressing Foreclosure Crisis
ADA, Okla., Nov. 2 -- With the ongoing foreclosure flood rising and expected to crest in 2008 and 2009, Pre-Paid Legal Services, Inc. (NYSE: PPD - News) is taking measures to better educate its sales force on how the company's legal membership can assist homeowners.
"We can help people and we should," said Pre-Paid Legal Services, Inc. CEO Harland Stonecipher. "As a company, we're committed to doing all we can to educate and train our sales force -- especially on this topic. We've positioned ourselves for years as a 'Life Events Legal Plan' and home foreclosure dramatically fits that description."
Stonecipher said he would be hosting a company-wide conference call on Wednesday, Nov. 7, to address the issue, speaking directly to the company's 400,000-strong sales force.
"This issue isn't going away," he said. "The best thing any of us can do is make sure we know our rights and understand our options -- whether this issue or the countless other legal events that touch our lives daily. To do that, we need the ability to speak with an attorney."
Stonecipher, in preparation for the training call, referenced media reports indicating:
-- 100% increase in foreclosures, July-September, from one year ago;
-- 1-of-196 households have experienced foreclosure activity in the most recent quarter;
-- Lenders are bracing for "reset" in 2008 and 2009 of adjustable-rate mortgages originated in 2005 and 2006.
ADA, Okla., Nov. 2 -- With the ongoing foreclosure flood rising and expected to crest in 2008 and 2009, Pre-Paid Legal Services, Inc. (NYSE: PPD - News) is taking measures to better educate its sales force on how the company's legal membership can assist homeowners.
"We can help people and we should," said Pre-Paid Legal Services, Inc. CEO Harland Stonecipher. "As a company, we're committed to doing all we can to educate and train our sales force -- especially on this topic. We've positioned ourselves for years as a 'Life Events Legal Plan' and home foreclosure dramatically fits that description."
Stonecipher said he would be hosting a company-wide conference call on Wednesday, Nov. 7, to address the issue, speaking directly to the company's 400,000-strong sales force.
"This issue isn't going away," he said. "The best thing any of us can do is make sure we know our rights and understand our options -- whether this issue or the countless other legal events that touch our lives daily. To do that, we need the ability to speak with an attorney."
Stonecipher, in preparation for the training call, referenced media reports indicating:
-- 100% increase in foreclosures, July-September, from one year ago;
-- 1-of-196 households have experienced foreclosure activity in the most recent quarter;
-- Lenders are bracing for "reset" in 2008 and 2009 of adjustable-rate mortgages originated in 2005 and 2006.
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