Skip to main content

Tax, Credit and Other Financial Consequences of Foreclosures, Short Sales and Mortgage Loan Principal Forgiveness 2012

Speaker(s): Adetunji Olude, Lila Fedler, Lisa Ihm, Lisa Sitkin, Maeve Elise Brown
Recorded on: Oct. 10, 2012
PLI Program #: 44293

Adetunji Olude is a Staff Attorney at the Housing and Economic Rights Advocates (HERA), where she represents homeowners in foreclosure defense, unfair debt collection, fair credit reporting, and housing discrimination cases. A former Equal Justice Works fellow, Adetunji graduated from Georgetown University Law Center in 2009. While at Georgetown, Ms. Olude worked on housing, foreclosure and foreclosure rescue fraud cases at the Harrison Institute for Housing and Economic Development, the Center for Responsible Lending, and the District of Columbia Office of the Attorney General Consumer Protection unit. Adetunji has presented at seminars for homeowners, housing counselors, and consumer advocates on foreclosure alternatives, post-foreclosure issues and lease-to-own purchase arrangements.

Lisa Ihm, EA has been teaching seminars nationwide since 1986 for many organizations including the National Association of Tax Professionals, state chapters of the National Association of Enrolled Agents, the California Society of Tax Consultants, the Missouri Society of CPAs, and many other state and regional groups of tax professionals. She began speaking on cancellation of debt issues back in the early 1990s when we had the last wave of foreclosures. She has spoken on cancellation of debt issues to thousands of tax professionals all across the country, and has consulted on hundreds of cases regarding foreclosures, short sales, loan modifications, deeds-in-lieu of foreclosure, and bankruptcy. She uses her extensive knowledge of tax law to help taxpayers determine the most financially advantageous way to remedy their debt issues.

Lila Fedler is currently the Franchise Tax Board's Education & Outreach Specialist responsible for education and outreach efforts designed for taxpayers, businesses and the tax practitioner community. She has worked for the Franchise Tax Board since 1980, and has a broad range of experience covering both personal income and corporation tax laws. She has experience as a Protest Hearing Officer, Auditor, and as an Audit Technical Specialist and Reviewer, and she works directly with the Taxpayer Rights' Advocate to assure that the taxpayers have been afforded the protection of the Taxpayer Bill of Rights.


Lisa Sitkin is a Senior Staff Attorney at National Housing Law Project (NHLP) in San Francisco, CA, where she provides technical assistance, training and practice resources to attorneys representing homeowners in connection with mortgages and foreclosure. She has been practicing law since 1997. Prior to joining NHLP, Ms. Sitkin was a Managing Attorney at Housing and Economic Rights Advocates in Oakland, CA. Ms. Sitkin has counseled and represented individual clients, participated in policy advocacy regarding mortgage servicing and foreclosure, and assisted with mortgage servicing, predatory and unfair lending litigation. She has conducted numerous workshops and trainings regarding mortgages, foreclosures, loan modification and foreclosure rescue scams, including programs produced by the Practicing Law Institute and the National Consumer Law Center, and has testified before the California State Legislature and other governmental bodies regarding mortgage servicing and foreclosure issues. She is one of the original drafters of the bill that ultimately became the California Homeowner Bill of Rights.

Maeve Elise Brown, Executive Director and a founder of Housing and Economic Rights Advocates (HERA), manages operations, supervises staff and participates in the organization’s substantive work.  Her years of experience as a public interest attorney include litigation and administrative advocacy on behalf of tenants and homeowners, public benefits advocacy, community organizing, fair housing advocacy, community workshops, and trainings and technical assistance for professionals.  Ms. Brown has published articles on affordable housing issues, designed and teaches a course on mortgage lending and homeownership at UC Berkeley School of Law and is vice-chair of the Consumer Financial Protection Bureau’s Consumer Advisory Board.