If you're one of the millions 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
• how to decide if you should try to keep your house
• federal programs to help you avoid foreclosure
• alternatives to foreclosure, such as short sales and deeds in lieu
• delaying or avoiding foreclosure with bankruptcy, and
• avoiding foreclosure scams.
This edition of the nation's bestselling book on foreclosure is updated with the latest information on the federal Making Home Affordable programs, recent court decisions affecting homeowner’s rights, and state foreclosure procedures and timelines.
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. He was also one of the original authors of Nolo's bestselling WillMaker software. 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, contributing updater for the fourth edition, 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. She is a regular contributor to the foreclosure section of Nolo's website.
Leon Bayer, contributing updater for the fourth edition, has been practicing bankruptcy law since
1979 and is a Certified Specialist in Bankruptcy Law. He is a frequent lecturer on bankruptcy issues.
Bayer authors the “Ask Leon” series on Nolo’s Bankruptcy, Debt & Foreclosure blog and writes on bankruptcy for Nolo.com. The State Bar of California has commended Bayer for his extensive volunteer work, offering legal services to those who cannot afford to pay for them.