Upside Down Mortgage

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances

Don’t lose your home to foreclosure! Do a short sale!

Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind.

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances removes the complications and stress often associated with short selling a property. Using real-life success stories, Irwin explains how a short sale works and walks you through the process step by step. You’ll learn how to:

• Convince lenders to engage in a short sale
• Deal with a loss mitigation committee
• Get a loan modification
• Find an agent
• Manage issues with the IRS
• Beat the deadlines that can doom a short sale

It contains all the paperwork you’ll need to execute a short sale, along with listings of helpful outside resources.

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances provides everything you need to get out from under— without spending a dime of your own money.

About the Author
Robert Irwin is among the nation’s premier real estate experts. He has written more than 20 books covering all areas of real estate, including the bestselling Tips & Traps series. Learn more about the author at www.robertirwin.com.

If you are upside down in your mortgage, you might think about selling your home. But, you might not get enough money to pay off your mortgage. So, what do you have to do? There are ways to save your home and avoid foreclosure. You need to get to know the Loss Mitigation department of the bank that owns your mortgage. This book called How to Save Your Home: Your Guide to Loss Mitigation will teach you how. It is not easy to save your home but at least with this guide you will know how to do it.  Your chance of being able to save your home has just increased!

I recommend How to Save Your Home and believe every homeowner could benefit from this read. -- Book Reviewed by Debra Rabin

Description of How to Save Your Home: Your Guide to Loss Mitigation
This book reveals step by step instructions and negotiation strategies based on real life case study of how five families successfully stopped foreclosure despite being $7,000 to $30,000 behind on the mortgage.

This book called The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket will help homeowners facing foreclosure.

Review of The Foreclosure Survival Guide

"Nolo's just published The Foreclosure Survival Guide: Keep Your House or Walk Away with Money in Your Pocket by Steven Elias "discusses the most recent laws designed to help homeowners deal with the crisis and points them to resources (nonprofit housing counselors, government agencies and so on) that may help," says Mary Randolph, Nolo's senior vice president of editorial. Elias, a practicing attorney, former Nolo associate publisher and current president of the National Bankruptcy Law Project, advises that readers not panic. "Even if the lender does foreclose on the house, the process takes months at the least. You're going to have time to evaluate your options and make smart choices." --Publishers Weekly - October 20, 2008

"Nolo's just published The Foreclosure Survival Guide: Keep Your House or Walk Away with Money in Your Pocket by Steven Elias "discusses the most recent laws designed to help homeowners deal with the crisis and points them to resources (nonprofit housing counselors, government agencies and so on) that may help," says Mary Randolph, Nolo's senior vice president of editorial. Elias, a practicing attorney, former Nolo associate publisher and current president of the National Bankruptcy Law Project, advises that readers not panic. "Even if the lender does foreclose on the house, the process takes months at the least. You're going to have time to evaluate your options and make smart choices." (Publishers Weekly )

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.- (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, Harris Beach PLLC, Rochester, NY --LIBRARY JOURNAL

The Foreclosure Survival Guide Description
Facing foreclosure? Know your options!

According to Harvard's Joint Center for Housing Studies, "the number of homeowners paying more than half their income on housing rocketed from 6.5 million in 2001 to 8.8 million in 2006... The number of homes entering foreclosure nearly doubled to 1.3 million in 2007 from about 660,000 in 2005."

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: