The Foreclosure Survival Guide - 10th Edition by Amy Loftsgordon & Cara O'Neill (Paperback)

About the Book

This book is for homeowners who can't make their mortgage payments. It provides a thorough, easy-to-understand, compassionate look at the foreclosure process and available options so that homeowners can determine if they should give up their home, file for bankruptcy, fight the foreclosure, or explore loss mitigation options (foreclosure alternatives).

Book Synopsis

Facing foreclosure? Put together a plan and take action.

Don't wait to take action if you're behind in the mortgage payments and facing a potential foreclosure. The Foreclosure Survival Guide covers your options for avoiding the loss of your home or at least delaying it. The strategies and useful information in this book will give you the tools you need to develop a plan to try to keep your home or decide if it makes sense to move on.

This guide can help you learn how to navigate foreclosure and potentially stay in your home. It gives you the practical information you need, including:

• the ins and outs of foreclosure


• how to decide whether you should try to keep your house


• what programs are available to potentially save your home and how to apply for them


• how to bring your loan current in Chapter 13 bankruptcy


• if you can't stay in your home, how to avoid unnecessary costs by filing for Chapter 7 bankruptcy


• what alternatives for giving up the property, like short sales and deeds in lieu of foreclosure, are available, and


• how to avoid becoming the victim of foreclosure rescue scams.

This book's powerful yet practical advice also explains the 120-day foreclosure waiting period before foreclosure starts, how the foreclosure process works in each state, potential tax consequences, and more. This edition is updated with the latest information on mortgage-assistance programs for homeowners, federal mortgage servicing laws, HOA foreclosures, and recent court decisions affecting homeowners' rights.

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. You need to know your options if you're having trouble making your mortgage payments or are already in danger of foreclosure. 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 has essential tips on what to do--and what not to do--if you're facing a foreclosure.

Review Quotes

"...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.