The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket

The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket

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by Stephen Elias
     
 

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Facing foreclosure? You have options.

If you're one of the 2 million Americans who are having trouble making your mortgage payments or are already in jeopardy of foreclosure, this guide will give you the practical information you need, including:

-the ins and outs of foreclosure procedures, with state-by-state information
-how to decide whether or not

Overview

Facing foreclosure? You have options.

If you're one of the 2 million Americans who are having trouble making your mortgage payments or are already in jeopardy of foreclosure, this guide will give you the practical information you need, including:

-the ins and outs of foreclosure procedures, with state-by-state information
-how to decide whether or not you should try to keep your house
-using bankruptcy to buy time or save your home
-how to avoid "rescue" scams

This edition of the nation's bestselling book on foreclosure is updated with the latest information on federal legislation to help struggling homeowners and bank-implemented foreclosure-delay programs. Thorough and easy to understand, you will learn all your options including:

- how long you'll likely be able to stay in your house - and save money - if the foreclosure goes ahead
- how to do a short sale or deed in lieu of foreclosure
- how you can get free help negotiating a mortgage modification

Editorial Reviews

Library Journal

Bankruptcy attorney Elias targets the estimated two million American homeowners who are currently in default on their mortgages. Elias explains how foreclosure works, what options there may be for keeping a home when in default, and what to do when that is not possible. He includes instruction on negotiating a workout with a lender as well as chapters on how to use bankruptcy to avoid foreclosure. Elias's section on fighting foreclosure in the courts helps readers understand the circumstances in which they may be able to delay or stop a foreclosure action. The appendixes provide summaries of each state's foreclosure laws, a glossary, and information on finding and working with lawyers and bankruptcy petition preparers. Straightforward and timely, this is recommended for most public libraries.
—Joan Pedzich

From the Publisher
"...evaluate your options and make smart choices." Publishers Weekly

“Straightforward and timely.” Library Journal

“Steve Elias’s proven ability to demystify law is exactly what those facing foreclosure need.” Jim C. Turner, Former Executive Director, Halt

"Attorneys Stephen Elias and Amy Loftsgordon, along with attorney Leon Bayer present general interest readers with a comprehensive guide to dealing with the process and potential impacts of foreclosure on personal property. The authors have organized the main body of their text in ten chapters devoted to the foreclosure big picture and what to watch out for in dealing with foreclosure rescue and property preservation companies, the nuts and bolts of the foreclosure process, when and if you can and should try to keep your home, negotiating a workout with lenders, chapter 13 bankruptcy and how it impacts foreclosure proceedings, and a wide variety of other related subjects." Eithne O'Leyne, Editor Ringgold, Inc. ProtoView

Product Details

ISBN-13:
9781413316261
Publisher:
NOLO
Publication date:
10/02/2011
Edition description:
Third Edition
Pages:
303
Product dimensions:
6.90(w) x 8.90(h) x 0.80(d)

Meet the Author

Until his death in late 2011, Stephen R. Elias was a practicing attorney, active Nolo author, and president of the National Bankruptcy Law Project. He was an important part of Nolo for more than 30 years, and was the author or coauthor of many Nolo books, including Bankruptcy for Small Business Owners. Other titles include Special Needs Trusts: Protect Your Child's Financial Future, How to File for Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, and Legal Research: How to Find and Understand the Law. Steve held a law degree from Hastings College of Law and practiced law in California, New York, and Vermont before joining Nolo in 1980. He was featured in such major media as The New York Times, The Wall Street Journal, Newsweek, Good Morning America, 20/20, Money Magazine, and more. The blog he began on bankruptcy and foreclosure law continues at Nolo's Bankruptcy & Foreclosure Blog.

Amy Loftsgordon has worked in the area of foreclosure for over ten years. She received a B.A. from the University of Southern California and a law degree from the University of Denver Sturm College of Law. She is licensed to practice law in Colorado. Amy has authored numerous foreclosure articles on Nolo.com.

Leon Bayer is a Los Angeles, California bankruptcy attorney, practicing since 1979. His primary focus is on representing individuals and small businesses in Chapter 7 and Chapter 13 bankruptcy. He is a founding partner in the California law firm of Bayer, Wishman & Leotta and is a Certified Specialist in Bankruptcy Law. To learn more about Leon, you can visit his Los Angeles Bankruptcy Blog or his Los Angeles bankruptcy attorney website. Mr. Bayer is a coauthor of Nolo's The New Bankruptcy: Will It Work for You?, authors the “Ask Leon” series on Nolo’s Bankruptcy, Debt & Foreclosure blog, and writes on bankruptcy topics for Nolo’s website.

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The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket 4 out of 5 based on 0 ratings. 3 reviews.
MrBright More than 1 year ago
This book is easy to understand and to the point. It addresses the different options available to Homeowners who are in financial distress and are at risk of foreclosure. The book discusses different tactics that are being used by individuals to handle foreclosure, and expected outcomes. The examples are from current situations and address each state's law regarding actions and timelines for foreclosure. It also discusses what bankruptcy options are available and explains in very simple, easy-to-understand terms. I particularly liked the advice on how to use the system to your greatest advantage.
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