The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket
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Facing foreclosure? Know your options!Foreclosures climbed a record 81% in 2008, with over 860,000 families losing their homes. In 2009, an additional 3 million foreclosures are predicted as temporary postponements end and homeowners are increasingly incapable of paying the mortgage during this brutal recession.If you're having trouble making your mortgage payments or are already in jeopardy of foreclosure, The Foreclosure Survival Guide compassionately gives you the practical information you need, step by step.An essential tool for anyone at risk of foreclosure, The Foreclosure Survival Guide provides key information about:evaluating factors and risks when determining whether to stay in your home staying in your home payment-free while saving money using Chapter 7 bankruptcy to buy time while considering a workout or other options using Chapter 13 bankruptcy to save your home avoiding "foreclosure rescue" scams and using free government resources utilizing "last resort" strategies if all else should failThe Foreclosure Survival Guide gathers all the information Attorney Stephen R. Elias has used to help hundreds of clients over 30 years of practicing law and shows you how to deal with foreclosure in your state.The 2nd 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, The Foreclosure Survival Guide can help you stay in your home or walk away with money in your pocket. Joan Pedzich - 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.
Your Foreclosure Companion1. Foreclosure: The Big PictureA. What to ExpectB. Your Options: An OverviewC. How You Can Stay in Your House Payment FreeD. Why Foreclosure Doesn't Have to Be So Bad Don't Get Scammed by a Foreclosure "Rescue" Company2. Foreclosure Nuts and BoltsA. How Much Time You'll Have to Respond In or Out of Court?B. Deficiency Judgments: Will You Still Owe Money After the Foreclosure?C. Taxes3. Can You Keep Your House? Should You?A. The Emotional Part of ForeclosureB. The Economics of Foreclosure: What You Need to KnowC. When It Makes Sense to Keep Your HouseD. When It Makes Sense to Give up Your House4. Negotiating a WorkoutA. Do You Have Enough Time to Negotiate?B. Working With a Nonprofit Housing CounselorC. Basic Workout OptionsD. Workouts for Government-Backed MortgagesE. Special Protections for Service Members on Active Duty5. How Chapter 13 Bankruptcy Can Delay or Stop ForeclosureA. Using Chapter 13 to Keep Your HouseB. Using Chapter 13 to Delay ForeclosureC. Coming Up With a Repayment PlanD. An Overview of the Chapter 13 Bankruptcy ProcessE. Will You Need a Lawyer?6. How Chapter 7 Bankruptcy Can Delay or Stop ForeclosureA. How Chapter 7 Bankruptcy Helps YouB. Using Chapter 7 Bankruptcy to Keep Your HouseC. Using Chapter 7 Bankruptcy to Delay a Foreclosure SaleD. The Chapter 7 Bankruptcy Process: An OverviewE. Do You Qualify for Chapter 7 Bankruptcy?F. Will You Need a Lawyer?7. Fighting Foreclosure in CourtA. How Long Can You Delay the Sale of Your House?B. When It May Be Worth FightingC. How to Fight a Foreclosure8. If You Decide to Leave Your HouseA. Let the Foreclosure ProceedB. Sell the House in a Short SaleC. Offer the Lender a Deed in Lieu of ForeclosureD. Avoiding Deficiency JudgmentsE. Income Tax Liability for Deficiencies9. How Long Can You Stay in Your House for Free?A. When You Miss Your First PaymentB. After You Receive a Formal Notice of Intent to ForecloseC. After the SaleD. After You Get a Notice to Leave10. Resources Beyond the BookA. Nonprofit Housing CounselorsB. Real Estate BrokersC. Mortgage BrokersD. LawyersE. Bankruptcy Petition PreparersF. BooksG. Looking Up Foreclosure StatutesGlossaryIndex
