The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket

by Stephen Elias

Overview

Facing foreclosure? Put together a plan. Take action.



When you’re in foreclosure, there’s no time to waste. You need to know your options so you can do what’s right for you and your family now. But things have changed since the Great Recession. The Foreclosure Survival Guide has up-to-date developments about:

• the foreclosure process
• the 120-day foreclosure waiting period (your most important tool), and
• new tax consequences associated with short sales and deeds in lieu of foreclosure.
  
  

After reading the practical advice in The Foreclosure Survival Guide, you’ll have the confidence that comes with knowing that you’re taking the right steps. You’ll learn how to:

• determine whether you should keep your house
• find loan workout programs that will help you keep your home
• apply for a loan workout with your lender
• bring your loan current in Chapter 13 bankruptcy, and
• avoid unnecessary costs by filing for Chapter 7 bankruptcy
  (if you can’t stay in your home).
  
  

Finally, The Foreclosure Survival Guide provides you with the support you’ll need throughout the process by posting significant developments on the online legal update page.

Product Details

ISBN-13:	9781413315448
Publisher:	NOLO
Publication date:	09/15/2009
Sold by:	Barnes & Noble
Format:	eBook
Pages:	304
File size:	4 MB

About the Author

Amy Loftsgordon 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. Amy has authored numerous foreclosure articles on Nolo.com.

Table of Contents

Your Foreclosure Companion

1. Foreclosure: The Big Picture

2. Foreclosure Nuts and Bolts

3. Can You Keep Your House? Should You?

4. Negotiating a Workout

5. How Chapter 13 Bankruptcy Can Delay or Stop Foreclosure

6. How Chapter 7 Bankruptcy Can Delay or Stop Foreclosure

7. Fighting Foreclosure in Court

8. If You Decide to Leave Your House

9. How Long Can You Stay in Your House for Free?

10. Resources Beyond the Book

Glossary

Index

Editorial Reviews

"...evaluate your options and make smart choices." Publishers Weekly



“Straightforward and timely.” Library Journal



“Steve Elias’s proven ability to demystify law is exactly what those facing foreclosure need.” Jim C. Turner, Former Executive Director, Halt



"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 Publisher