The Complete Guide to Preventing Foreclosure on Your Home: Legal Secrets to Beat Foreclosure and Protect Your Home Now

Martha Maeda · Maurcia DeLean Houck

Jan 2010 · Atlantic Publishing Company

About this ebook

When a homeowner can no longer make payments on the house, the lender or bank will attempt to seize the property. This process, known as foreclosure, is becoming more and more common, even for those with good credit. Find out how you can prevent foreclosure by reading this book and discovering the legal ways to protect your home. The Complete Guide to Preventing Foreclosure on Your Home will provide you with strategies for getting legal advice, keeping current on your mortgage payments, negotiating temporary delays in payments, restructuring loans, refinancing, filing for bankruptcy, and creating and sticking to a budget.

You will learn about debt counseling and income maintenance, tax abatement, and public assistance programs. This book also provides details on the recent modifications to the Home Affordable Modification Program (HAMP) and to the Federal Housing Administration (FHA) programs offered by the federal government to assist homeowners who have been affected by the economic crisis through no fault of their own.

In addition, this book will show you how to decide if your property is worth saving, how to figure out how much time you have to act, how to use the courts to stop foreclosure, how to decide whether bankruptcy is your best option, and how to use your military status to prevent foreclosure. You will also learn about foreclosure rescue scams, nonjudicial foreclosure, judicial foreclosure, and notice of default. Also included is an explanation of the alternatives to foreclosure, such as special forbearance, mortgage modification, partial claim, pre-foreclosure, and deed-in-lieu of foreclosure.

With foreclosures on the rise, it makes sense to know how to protect your home. The Complete Guide to Preventing Foreclosure on Your Home will provide you with tips, tricks, strategies, and secrets to prevent your home s foreclosure now before it is too late.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president's garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

Ratings and reviews

Foreclosures are at high right now and rising. Much of it could have been prevented and can be prevented if effective strategies are used. This book advises homeowners under duress of what they could do to prevent foreclosure of their home. In the beginning of the book the authors dispel any myths that the homeowner may believe as fact. For e.g., one myth that I thought was fact is: There is no way to stop foreclosure once it has begun. The fact is that lenders don't want the house and are willing to work out a program that is a win/win for both parties. This book has all the information you would need under one cover. The authors address understanding your present loan, steps to avoid foreclosure, assessing your personal finances, reviewing options, refinancing, selling the house, legalities, filing for bankruptcy, getting help and moving on. They even provide sample letters. In the section on where to get help the authors provide information on scams. Unfortunately there are many out there and being aware what isn't legit is of utmost importance. One imperative note to take is "Be suspicious of all mortgage consultants or foreclosure services that approach you." In other words, check, check, check. Timely and informative, having the knowledge presented in the book may save you a lot of grief and wrong moves. I encourage you to read this book if you feel that foreclosure may be evident because it's very possible you may have a way out and not ruin your credit scoring but have a peace of mind instead.

About the author

Martha Maeda is a freelancer, ghostwriter, and author of more than 20 books including The Complete Guide to Green Building and Remodeling Your Home, Basic Guide to Investing in ETFs, How to Wipe Out Student Loans, How to Solar Power Your Home, How to Open & Operate a Financially Successful Independent Record Label, and 101 Sunday School Activities on a Tiny Budget. She is passionate about helping people who might not otherwise become authors to self-publish their work and discover their writing potential. She currently lives with her family in Orlando, Florida.