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 fail


The 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. (20081020)

# 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

Good information in trying times... (4.0)

With so many people being downsized and phased out, this is good information to know. Reading this book has helped me understand some of the conversations in my community about foreclosure and families in financial crisis. I think this would make a comforting and empowering read for someone who received notice of foreclosure. Every library should have a copy.

Great book (5.0)

Well organized, easy to understand. A must for anyone facing foreclosure. Most people should be able to handle the process without a lawyer thanks to this book.

-Jonah Paisner
Bankruptcy Attorney
Portland, Oregon
[...]

How to Walk Away From Your House Without THEM Coming After You (5.0)

VERY helpful book for those going through a hard time with mortgage payments and trying to make the decision to walk away from your house and do either a shortsale or go into foreclosure.

Valuable advice and options if faced with foreclosure, good reading for anyone with a mortgage. (5.0)

Even if you're not facing foreclosure this is a good book to read. It's valuable to know what would happen if you were ever faced with foreclosure and how to plan so that your loved ones and you are not left without any options. This book is laid out very clearly and concisely and I was surprised to discover that there were many options to consider before one submitted to foreclosure. The book does a good job of not admonishing you but laying out practical exit strategies to consider based on your situation and try everything possible before giving in to foreclosure. It shows clearly that foreclosure can be avoided by some thoughtful planning and that there is more risk in foreclosing.

Although laws differ from state to state, this book lays down the basic premises. It lets you appraise your current situation and the options you have available to you at the basic level, then you can go and do some more research on the specific laws of your state. Some of the advice in this book is hard to come by from other sources as people may have vested interests. This book really gives a common sense approach and tools to help you make the decision on the best strategy to take if your house is in the danger of being foreclosed in a non-judgmental fashion. I think this book should be read by anyone who has a mortgage so you're aware of all your options even if you're in no danger of being foreclosed.

Great info but educate yourself on every aspect too! (3.0)

This is great information. One thing that I would like to mention is that I would have liked more information on is what happens when you get a deficiency judgement from the bank or a promissory note? For those of you in preforclosure make sure you educate yourself on this because it can save you thousands. Google IRS form 982 and learn how you can use that to walk away from the house free and clear and be able to really move on with your life.
Hope this helps.