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Sickle Cell Anemia & Charity, Inc.

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Fix That Foreclosure

Browns Mills, NJ, August 10, 2009 --( If you lost a property through foreclosure from 2004 to 2009, you may be entitled to a money settlement. A large number of these foreclosures were improper due to violations of the Real Estate Settlement Procedures Act (RESPA) or predatory lending practices by the lender. It is estimated that 85% of foreclosures during this period involve improper actions on the part of lenders.

Sickle Cell Anemia & Charity, Inc. (SCAACI) has assembled a consulting team to help former homeowners victimized by these improprieties. SCAACI’s consultants will conduct a forensic audit of the loan and foreclosure process to determine the nature of violations committed. Every loan will feature some type of error – some minor, some serious. Those with serious violations will be recommended for further action. You can reach SCAACI at 609-893-0619 or email

The penalties for these violations can be quite severe. They can range from $2000 per violation to what is called ‘rescission of security interest’. This means the court can actually dissolve the lenders rights in the property and award it to the mortgagor. Because of the severity of these penalties, lenders will usually rather settle than risk total loss in a court fight. SCAACI, through its legal and consulting team, will negotiate a settlement for the borrower. A fee for SCAACI’s efforts will be included in such settlements.

The process is simple but not easy. Usually, the borrower does not keep any of the documents from the foreclosure. Because these documents represent an extremely painful period in the life of the borrower, they are often disposed of immediately. This means SCAACI must first assemble a file before it can conduct an audit of the process. Assemblage requires visiting courthouses where filings were made and contacting lenders and their successors and representatives. The lenders are never in a hurry to provide information that could cost them a lot of money. The borrower must pay the cost of the audit in advance – a cost of some $500 to $750. While SCAACI is a New Jersey corporation, it will accept cases from anywhere in the country. It plans to establish offices throughout the nation to better provide help for foreclosure victims.

SCAACI is a New Jersey IRC 501[c][3] corporation that was formed in 1972 to educate the public on sickle cell disease (scd). It also helps needy families achieve home ownership. SCAACI will use the fees generated by these cases to acquire a mixed use property in Trenton, NJ to serve as its headquarters. Since its inception, SCAACI has operated from home basements and donated, temporary desk space. Acquisition of the Trenton property will give it a permanent home and a visible presence in the community. SCAACI also is a prime supporter of the Lyons League, a youth support organization named for Carolyn Lyons, founder of SCAACI and its Executive Director until her death more that seven years ago.

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Sickle Cell anemia & Charity Inc.
William McGill

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