Foreclosure crisis in America

I am in the middle of my own personal foreclosure crisis. A rental property, not my home, thank goodness. It was not sheer stupidity on my part, only partial stupidity. Gullible, more like. And I may be in a little better shape than many people, since I am not upside down on the equity. That is if I can make the foreclosure go away before the lender sucks all the equity out of it through legal fees, which they seemed to have pulled out of the air.

My personal mess has a few extra wrinkles in it. The property is mine, my ex quitclaimed it to me when we broke up. The note is not in my name, because there was a substantial prepayment penalty and I was trying to wait for it to expire before refinancing. I am named as a defendant in the foreclosure action, along with everyone that ever went near it. Along with me, my ex, the lender is suing two former tenants that were evicted a long time ago; the roofer that was paid in full a long time ago; the former mortgage company that originated the mortgage; and some unknown company. The lender that is suing is not the lender at all. It is a different bank entirely as a trustee for a securities company that I have never heard of.

I have decided to fight back. I am looking for likeminded individuals, business people, attorneys, paralegals, investors, and anyone else that wants to help. I am trying to form a network of people that believe that the situation has spun out of control and it is unreasonable to expect the government to step in before it’s too late.