Overview

Facing foreclosure? Put together a plan. Take action. If your home is in foreclosure, you don't have time to waste. You need to know your options and The Foreclosure Survival Guide can help. You'll learn how to: determine whether you should try to keep your house find loss mitigation programs that could help you save your home apply for mortgage relief from your lender avoid foreclosure rescue scams bring your loan current in Chapter 13 bankruptcy, and if you can't stay in your home, avoid unnecessary costs by filing for Chapter 7 bankruptcy. This edition offers valuable and practical guidance, including an explanation of the 120-day foreclosure waiting period before the process starts and how other federal laws can protect your home from foreclosure. You'll also find information on foreclosure procedures, potential tax consequences, and more. In addition, this updated edition includes information on property tax foreclosures and how to deal with ""zombie"" second mortgages.

Full Product Details

9781413332742

Table of Contents

Reviews

""...evaluate your options and make smart choices."" Publishers Weekly ""Straightforward and timely."" Library Journal ""Loftsgordon suggests how to think about foreclosure and provides a number of pathways and options that people facing foreclosure can choose according to their own individual circumstances and where they live. For those who want to keep their home, she says, the best option is to work something out with the mortgage lender that will satisfy both parties. For those who are ready and willing to leave their home, she explains ways to follow a path that will leave them relatively flush rather than destitute. An appendix provides information about each state.."" Eithne O'Leyne, Editor Ringgold, Inc. ProtoView From the Author: Foreclosure can be an intimidating and scary experience. The stress of potentially losing the family home can drive people to make mistakes, either by doing the wrong thing or failing to act at all. Your actions are vitally important if you want to keep your home, or at least get through the process with as little anxiety as possible. This book is loaded with tips on what to do--and what not to do--if you're facing a foreclosure.

"""...evaluate your options and make smart choices."" Publishers Weekly ""Straightforward and timely."" Library Journal ""Loftsgordon suggests how to think about foreclosure and provides a number of pathways and options that people facing foreclosure can choose according to their own individual circumstances and where they live. For those who want to keep their home, she says, the best option is to work something out with the mortgage lender that will satisfy both parties. For those who are ready and willing to leave their home, she explains ways to follow a path that will leave them relatively flush rather than destitute. An appendix provides information about each state.."" Eithne O'Leyne, Editor Ringgold, Inc. ProtoView From the Author: Foreclosure can be an intimidating and scary experience. The stress of potentially losing the family home can drive people to make mistakes, either by doing the wrong thing or failing to act at all. Your actions are vitally important if you want to keep your home, or at least get through the process with as little anxiety as possible. This book is loaded with tips on what to do--and what not to do--if you're facing a foreclosure."

Author Information

Amy Loftsgordon is a legal editor and writer at Nolo, focusing on foreclosure, debt management, and personal finance. She edits several Nolo books and is also the coauthor of The Foreclosure Survival Guide and Solve Your Money Troubles. Before joining Nolo, Amy worked in the areas of foreclosure and debt collections for over 15 years. Her broad experience includes helping people fight collection actions and enforcing debtors' rights under the Fair Debt Collection Practices Act and other laws. As part of a national settlement involving the mortgage industry, she has also reviewed servicer records to uncover extensive credit reporting errors. Amy 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. Cara O'Neill is a bankruptcy and litigation attorney in Northern California and a legal editor and writer with Nolo. Before joining Nolo, she practiced in the areas of criminal and civil litigation, and bankruptcy. She also served as an administrative law judge and taught law courses as an adjunct professor. She received her law degree from the University of the Pacific, McGeorge School, graduating Order of the Barristers--an honor society recognizing excellence in courtroom advocacy. Cara has edited, authored, and coauthored several Nolo books, including How to File for Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, The New Bankruptcy, Everybody's Guide to Small Claims Court, and Credit Repair.

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