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Originally Posted by BassBoy
As much as I was involved with the Dorean discussion, and was almost ready to partake in the adventure, I thank the Lord everyday for making me come to my senses. Although, coming to my senses didn't require a major slap in the face or kick in the ass. It just took a long, quite night to think about it.
For those who are about to lose their homes, and Judge Roy, you may be able to answer this, is there any way these folks can reverse this? There has to be something that can be done.
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Reversal, yes. Some victims have filed the required documents to dissolve the trusts, eliminate the power of attorney, etc., as long as they aren't in significant default in their original loans.
A fairly significant number (nowhere near the thousands claimed) of borrowers weren't in financial difficulty and could put together the resources to get out from under the program with the help of an attorney or some advice from a cooperative title company and lender.
Some number were actually in financial trouble before starting the process and they are going to lose their homes if they haven't already, unless, of course, they can reinstate the loan (a really cooperative lender would be required) or file bankruptcy.
The problem they face is the trusts and program have been so widely publicized as fraudulent that anyone trying to play dumb and claim they were innocent dupes is asking a court to really believe they weren't trying to get something for nothing. That's hard to do with the amount of information about the scheme that has been circulating since it was promoted.
Then there are the ones who simply refuse to accept the reality of life and believe Johnson is going to somehow call upon God's power to bring down the whole mortgage industry and save them. When they are foreclosed on and evicted, they'll still be saying the system is to blame.