Mortgage
Foreclosure Project (MFP)
A special, statewide project of Legal Aid of NC
The goal of the Mortgage Foreclosure Project (MFP) is to keep
working poor and working families in possession of their homes and
their equity.
By providing quality legal representation in foreclosure actions,
the Project saves homes, preserves credit ratings and strives to
make prohibitive the cost of conducting business for the
unscrupulous brokers and lenders. The Project also promotes
community education to increase awareness of home finance best
practices and the dangers of predatory lending.
The Mortgage Foreclosure Project includes a "team" of attorneys and
staff who are located in LANC offices (and other legal services
organizations) and who specialize in foreclosure defense and predatory lending
law. The MFP team acts on referrals from
Legal Aid of North Carolina offices and community organizations
throughout North Carolina.
In the News
"Foreclosures
in NC skyrocketed to record levels"
(article, Asheville Citizen-Times, January 5, 2009)
"Stung
by a middleman, Bad service."
(article, Independent Weekly, March 12, 2008)
Attorneys
volunteer to help low-income families with mortgage
foreclosure defense (media release, March 5, 2008)
"Foreclosure crisis worsens in January"
(News 14 Carolina, March 4, 2008)
Z. Smith Reynolds Foundation supports fight against predatory
lending (media release, January 22, 2007)
"Reynolds Foundation grant aims to help Legal Aid
combat abusive
mortgage-lending practices"
(Philanthropy Journal article, March 14, 2006)
Z. Smith Reynolds Foundation Continues Fight Against Predatory
Lending (media release, January 10, 2006)
Publications
"Mortgage
Foreclosure Project" (pdf document)
...A tri-fold brochure that describes LANC's
Mortgage Foreclosure
Project (MFP), a
special, statewide project of Legal Aid of North
Carolina (LANC). The goal of the MFP is to keep working poor
and working families in possession of their home and their
equity.
Contact Information
If you think that you might be at risk of foreclosure...or think
something wasn't right about the closing on the purchase or
refinancing of your home, then you may have been a victim of an
improper mortgage or loan. To discuss your concerns, call your
local Legal Aid of North Carolina office.
Consider the following:
- > Are you in a worse financial situation
than before refinancing or
taking your second mortgage?
- > Were you promised one mortgage/loan and
found out that you
got a different mortgage/loan when you signed the paperwork,
or later?
- > Do you have an unreasonably high
payment due at the end of or
during your mortgage/loan’s term?
- > Is your monthly payment or interest
rate higher than you thought
it would be?
- > Were there a lot of fees included in
your mortgage/loan?
- > Did you have high closing costs when
you signed for your
mortgage/loan?
- > Did you complete the paperwork before
signing the
mortgage/loan paperwork?
- > Did your lender include information in
your mortgage/loan
paperwork that was not truthful?
- > Did you find your mortgage/loan
confusing and not have anyone
you could trust to explain it to you?
- > Did you get a second mortgage/loan for
home improvements
that were incomplete or done poorly?
- > Does your mortgage/loan include very
high insurance payments?
- > Are you going to be fined or charged
prepayment penalties
included if you pay off your mortgage/loan early?
- > Was your mortgage/loan refinanced or
changed to another
creditor without your knowledge or consent?
If you answered "yes" to any of these questions you may have been
the victim of an improper mortgage/loan. If you
are concerned of this please gather your paperwork and call your
local Legal Aid of North Carolina office for assistance.
MFP Team Staff
Johnnie Larrie, Project Leader
LANC staff attorneys (LANC
offices)
[The Mortgage Foreclosure Project includes a "team" of attorneys and
staff who are located in
LANC offices (and other legal services organizations) across
North Carolina and who specialize in foreclosure defense and
predatory lending law.]
Disclaimer
The materials contained on this website are for information and educational
purposes only and do not constitute legal advice. Please contact your
Legal Aid of North Carolina office or a private attorney if you need to speak to
an attorney regarding your particular situation. See our complete
disclaimer.
Mission Statement
Legal Aid of North Carolina is a statewide, nonprofit law firm that
provides free legal services in civil matters to low-income people in
order to ensure equal access to justice and to remove legal barriers
to economic opportunity.