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The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket | 
 enlarge | Author: Stephen Elias
Publisher: NOLO
Category: Book
List Price: $21.99
Buy New: $10.00
You Save: $11.99 (55%)
New (32) Used (10) from $8.95
Rating:  40 reviews
Sales Rank: 46103
Media: Paperback
Edition: 1
Pages: 250
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 8.8 x 6.5 x 0.8
ISBN: 1413309100
Dewey Decimal Number: 346.7304364
EAN: 9781413309102
ASIN: 1413309100
Publication Date: September 29, 2008
Availability: Usually ships in 1-2 business days
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Product Description
bFacing foreclosure? Know your options!/b brbr 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." brbr If you're having trouble making your mortgage payments or are already in jeopardy of foreclosure, bThe Foreclosure Survival Guide/b compassionately gives you the practical information you need, step by step. brbr An essential tool for anyone at risk of foreclosure, bThe Foreclosure Survival Guide/b provides key information about: brbr limortgages, including adjustable rate mortgages (ARMs)br lishort sales br lideeds in lieu of foreclosure br lijudicial and non-judicial foreclosure br licredit counseling br liliens, and br liusing bankruptcy to deal with foreclosure. brbr bThe Foreclosure Survival Guide/b 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. brbr Like many hardworking people facing foreclosure in this rough economy, you deserve answers to your pressing questions. Thorough and easy to understand, bThe Foreclosure Survival Guide/b can help you stay in your home or walk away with money in your pocket.
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| Customer Reviews: Read 35 more reviews...
 Excellent Book November 29, 2008
William Hefner (EUREKA, CA USA)
The table of contents pretty much lays out what you should expect to find in this book. Considering the market this book is aimed at, it does a very good job of simplifying things for the average reader. It would be nice if some real-world examples were given in addition to the textbook procedures though. I have to imagine that the policies of some banks and other organization may stray from the rules laid-out here. br / br /In all, it is an excellent starting point and resource for those who wish to find some simple answers to some very complicated questions.
 Good advice on how to get the most of a bad situation! November 20, 2008
Will Everly Jr. (Henderson, Nevada)
Tips to help you get your finances and your credit back on track. Attorney Stephen Elias, author of "The Foreclosure Survival Guide," shares his advice for people with low credit scores or who have recently undergone a foreclosure. br / br /This book offers alot of advice and strategies on how to resolve a foreclosure situation in your favor and how to avoid all of the 3rd party non-lendor sponsored programs that make promises that have no prayer of ever being fulfilled. br / br /This is the first book I have ever seen that offers straight forward plain language advice on how to engage a lender in negotiating with the borrower on a potential foreclosure and what the potential pitfalls of the variety of solutions that are out there. br / br /NOTE: All lenders policies are different, one strategy will work for one specific lender may not work for another. There are many factors involved in situations on whether to forclose or take some other action. br / br /Negotiations in good faith and getting to the right people on behalf of the lender seem to be a large part of the battle in working out a situation. Many lenders are balancing employees between home retention and loss mitigation to keep their regulators off of backs. In other words with a lender in that category, you need to be even more documentation conscious, because everything they do will to look like they are the good guy, especially when they did nothing to assist the borrower or even try. br / br /Portfolio Lenders like ING and locally chartered FSB's that hold their own loans are good examples, with few exceptions. Big servicers like Countrywide, Wells Fargo and Bank of America are more likely to come up with a workable solution because they have dedicated large resources and authority to achieve speedy and cost effective resolutions. br / br /This book helps determine how you are positioned and what your first and the subsequent steps are. br / br /-WE
If you are thinking about foreclosure, read this first! November 2, 2008
P. Breakfield IV (Greenville, SC United States)
There are a lot of people out there who are thinking about foreclosure right now. If you are one of them, you owe it to yourself to read this book first. There ARE consequences to walking away from a house and this book spells them out for you in great detail. br / br /It also tells you when the consequences are worth enduring. br / br /It covers the specific laws in each state and it is very up-to-date, even including a law that was just passed in October (although it was a bill at the time of writing). br / br /The main thing you need to know is that if you call someone with an ad on TV to help you, that person plans to make money off of your foreclosure. And if you are foreclosing, that may be money you don't have. Also, they may recommend a course of action that nets them the most money, but is not the best course of action for you. br / br /The book has none of that bias. Once they have your modest purchase price they are done trying to get money from you, so the authors lay out the pros and cons of each action and let you decide if you need to allow your home to be foreclosed on, or if bankruptcy is your option, or if there might be another option that is best for you. br / br /At the very least, if you end up getting help from someone else you will be educated on the process and terminology and you will know what they are talking about. br / br /I highly recommend investing a little reading if you are considering a life-changing event like this. Foreclosure is not as simple as handing over the keys to your house and walking away - and this books explains exactly what is involved to you.
A book you hope you'll never need. October 23, 2008
stinhoutx (Mission, TX USA)
If you an unfamiliar with NOLO books, they are a handy, and readable!, option for the rest of us who are not lawyers to get some education in the topics they cover. Often, you can learn enough to do some things yourself, or at least be better informed when you do retain an attorney. br / br /This book covers the topic of foreclosure, which is especially timely given the economy today and a number of other factors, including ARMs that are switching to higher rates. As part of the foreclosure discussion, you get some background on Chapter 7 and Chapter 13 bankruptcy and how that may factor in. The text does a decent job of covering a number of different issues, including the Hope for Homeowners program and options for reduced interest rates for active duty military homeowners. The content about avoiding scams is especially appreciated to raise awareness when you may already be in a vulnerable position! br / br /So, whether looking to delay foreclosure, fight foreclosure, or how to leave your home, this is a good background reader to understand options that may be available to you. The book closes with a reference section of resources beyond the book. At under 280 pages, it cover a range of material without burying you in reading, though some may desire additional detail in the option(s) they choose to pursue.
A "Must Read" for Those Facing Foreclosure October 21, 2008
Bettie Corbin Tucker (PA USA)
The Foreclosure Survival Guide by Stephen Elias is a book for the turbulent economic times that have us shaking our heads in dismay. I have a close friend who lost his job and is facing foreclosure on a home he purchased a couple of years ago. This is exactly the resource he and others need who are facing this or a similar situation. br / br /I particularly appreciated the information in the appendix that gives the various aspects of the foreclosure for every state. This proved to have valuable information for my friend in regard to the time that he had to respond to a foreclosure notice. br / br /This book is well-written and easily understood whether or not readers have much previous knowledge on the various subjects covered. Different options available to homeowners are explained and expanded upon to help them decide which avenue they should pursue. The options discussed are a short sale, a deed in lieu of foreclosure, letting the foreclosure happen and staying in your house until you get a notice to leave, and filing for Chapter 13 and Chapter 7. br / br /Attorney Elias cautions readers that there are con artists who prey upon those facing foreclosure with rescue scams. If they contact a person, it is usually a con; however, if you, the homeowner contact a legitimate nonprofit housing counseling agency, that is an entirely different situation. As a matter of fact, he recommends agencies for you to consider. br / br /I found it particularly interesting that the author deals with the emotional aspects of losing a home and I believe that his words will bring comfort to those who are facing this loss. He reminds readers that there is a difference between a house and a home. He personally appears to prefer renting to buying his living quarters. br / br /Although I have only touched upon a few basic topics contained in this book, I feel that it is indeed a worthwhile read for those who are facing the loss of their home. It gives such individuals more control over a situation in which they probably feel very helpless. Timing is important so if you or a friend are facing foreclosure, purchase this book and become informed as to all the available options and legal rights. br / br /
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