Ralph R. Roberts, consumer advocate and spokesperson for Federal Loan Modification Law Center, LLP, was featured on CNN Saturday during a live special report on the foreclosure crisis. The hour-long report, hosted by anchor Fredricka Whitfield and facilitated by CNN’s Josh Levs, included a series of hard-hitting questions from struggling homeowners facing the prospect of losing their home in foreclosure. (Note: Roberts’ interview can be seen in its entirety by clicking here or scrolling to the bottom of this entry.)
Since losing his own home to foreclosure in the late 1970s, Roberts has made it his life’s mission to cure what he calls the “Cancer of the American Dream.” During the segment he rallied homeowners to modify their mortgage loans, “You can’t modify a loan if you’re not working, but as you find work, be ready to modify your loan. The more Main Street steps up and fights for themselves, the more affordable their homes are going to be, and the better it’s going to be for their families, the neighborhoods, the schools, the tax base, and for all of us as Americans,” said Roberts.
Roberts, who has led thousands of families through the foreclosure maze, also provided his perspective in response to President Obama’s recently announced foreclosure prevention plan.
“We’ve been bailing out Wall Street,” said Roberts. “We’ve been bailing out insurance companies. We’re bailing out states. We’re bailing out cities. We need a bailout for Main Street. What everyone needs to realize is by bailing out your neighbor, it’s going to protect your value [the value of your home].”
He went on to suggest that the Obama Administration would be wise to consider investing more of the bailout money modifying mortgage loans for all American homeowners. “Let’s just modify the whole country. That would be the best thing, instead of throwing all this money at Wall Street like we’ve been doing, let’s modify Main Street, because America really needs it,” he said.
Roberts, an award-winning author, also shared insights from one of his latest books, Foreclosure Self-Defense For Dummies (Wiley).
About Ralph R. Roberts
Ralph R. Roberts, GRI, CRS is a real estate-focused consumer advocate who knows a thing or two about overcoming challenges. An award-winning author and REALTOR®, Ralph lost one of his own homes to foreclosure in the late 1970s, and soon thereafter added a foreclosure division to his real estate business. Since then, Ralph and his team has led thousands of families through the foreclosure maze, informing them of their options, including loan modification, and steering them clear of the most common pitfalls while empowering them with the information required to get on with their lives. Ralph is an award-winning REALTOR® and author who has penned several successful books, including Foreclosure Self-Defense For Dummies (Wiley), and Protect Yourself from Real Estate and Mortgage Fraud: Preserving the American Dream of Homeownership (Kaplan). His latest book, Loan Modification For Dummies (Wiley), is slated for publication in summer of 2009. For more information about Ralph please visit www.keepmyhouse.com.
Ralph R. Roberts is the spokesperson for Federal Loan Modification Law Center, LLP, a law firm dedicated to preserving the American Dream of Homeownership by successfully renegotiating loan agreements between homeowners and lenders. For more information please call 1-877-39-HOUSE (1-877-394-6873) or visit www.fedmod.com.
Interview - Part One: