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

By Stephen Elias, Amy Loftsgordon and Leon Bayer

Facing foreclosure? You have options.

If you're one of the millions Americans who are having trouble making your mortgage payments or are already in jeopardy of foreclosure, this guide will give you the practical information you need, including:

• the ins and outs of foreclosure
• how to decide if you should try to keep your house
• federal programs to help you avoid foreclosure
• alternatives to foreclosure, such as short sales and deeds in lieu
• delaying or avoiding foreclosure with bankruptcy, and
• avoiding foreclosure scams.

This edition of the nation's bestselling book on foreclosure is updated with the latest information on the federal Making Home Affordable programs, recent court decisions affecting homeowner’s rights, and state foreclosure procedures and timelines.

• Language: English
• Publisher: NOLO
• Release date: Sep 12, 2013
• ISBN: 9781413319514

Stephen Elias

Until his death in late 2011, Stephen R. Elias was a practicing attorney, active Nolo author, and president of the National Bankruptcy Law Project. He was an important part of Nolo for more than 30 years, and was the author or coauthor of many Nolo books, including Bankruptcy for Small Business Owners. Other titles include Special Needs Trusts: Protect Your Child's Financial Future, How to File for Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, and Legal Research: How to Find and Understand the Law. Steve held a law degree from Hastings College of Law and practiced law in California, New York, and Vermont before joining Nolo in 1980. He was featured in such major media as The New York Times, The Wall Street Journal, Newsweek, Good Morning America, 20/20, Money Magazine, and more. The blog he began on bankruptcy and foreclosure law continues at Nolo's Bankruptcy & Foreclosure Blog.

Reviews for Foreclosure Survival Guide, The

[bakersfieldbarbara · Rating: 5 out of 5 stars]

Attorney Stephen Elias 's prioven ability to demystify law isused once again, this timein the Nolo book, The Foreclosure Survival Guide. "If you want to keep your home, your best option is to work something out with your mortgage lender; If, on the other hand, you are ready to leave your home, there are ways to follow that path that will leave you relatively flush rather than destitute," Mr Elias said as he begins with these wise words, in the forward of this timely book. He gives an overview of your options and follows with what he calls "the nuts andb bolts of foreclosure". should you keep your house? Emotional as your answer can be, the economics are the reality of the situation. These economics issues, including using Chapter 7 or 13 bankruptcies to delay or stop the foreclosure, are expertly covered by the author. If your choice is to have the foreclosure to proceed, how long can you stay in the home for free? Again, the author covers this aspect of foreclosures and gives resources, which are time savers for all readers. I especially liked that individual state information is listed, citing many topics of interest and the state rule coveering said item.I highly recommend this book to help someone looking agt foreclosure as a complete package of information to understand their options as homeowners. A webpage is accessable to readers for legal forms, updates, names of local real estaate lawyers and videols at nolo.com I personally plan to donate a copy of this book to my local library, as it is beneficial to many homeowners who may now be stressed financially.

[livelylady · Rating: 5 out of 5 stars]

I am not in foreclosure, but do have a relative who is. I approached this book as if I was that relative, knowing what she knows about the process. This easy to read guide answered questions, defined terms and even has a state specific appendix. When buying this, the reader will most likely skip around reading on a need-to-know manner. Again, this is very readable.