Loaded with practical advice on stopping a threatened foreclosure, this revised edition now details the Obama administration's "Making Home Affordable" program and other new loan modification initiatives. The volume also provides basic steps to obtain a workout, tailored for six different types of mortgages:
- Fannie Mae and Freddie Mac;
- VA and Rural Housing Service.
Special chapters cover the mechanics of arranging a workout and "fourteen steps to foreclosure prevention." The book also includes:
- Homeowner strategies for reducing and prioritizing debt;
- Dealing with loan overcharges and servicing errors;
- Legal protections against foreclosure;
- Answering questions about bankruptcy;
- Homeowner options after the foreclosure sale;
- Summaries of each state's foreclosure and real estate tax abatement laws.
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|Shipping Availability||This item ships within 1 to 2 business days.|
|Author||Renuart, Williamson, Benson|
|Edition||2nd Ed., 2009|
|Publisher||National Consumer Law Center|