By Stacey Moncrieff

When they're facing foreclosure, what should home owners do?

A Washington Post story we picked up for our daily news e-mail last week showed that a sizeable number do nothing. According to the story, 53 percent of loans backed by Freddie Mac that went into foreclosure involved borrowers who could not be reached.

Naturally, opportunists are springing up everywhere. On Feb. 29, The New York Times ran a story by John Leland, “Facing Default, Some Walk Out on New Homes.” It mentioned a new San Diego company that helps owners walk away from unaffordable mortgages. The company is aptly called You Walk Away.

I encourage my kids to confront issues with friends and teachers head on, and I think borrowers should do the same with their lenders. That's why it was refreshing today to see a Webinar invitation at Facebook from RealTown blogger Frances Flynn Thorsen, e-PRO, SRS, that calls on real estate practitioners to help Americans keep their homes. (You have to be registered with Facebook to view the invitation.)

In comments, Thorsen says she'll post the recorded Webinar online and follow up with home owners who've avoided foreclosure. The Webinar is free and it takes place March 6 from 4 to 5 p.m. Eastern time. I'll be there.