Hoboken, NJ (PRWEB) February 26, 2008
Hard times have hit the housing market, mortgage loans are getting tougher to come by, and foreclosure rates are skyrocketing while property values are plummeting. Distressed homeowners often mistakenly believe that they have only two options - pay up or move out.
But that doesn't have to be the case. In FORECLOSURE SELF-DEFENSE FOR DUMMIES (Wiley, February 2008, 332 pages), foreclosure experts Ralph R. Roberts, Lois Maljak, and Paul Doroh team up to help readers fight back against foreclosure. They go step-by-step through the foreclosure process; reveal over a dozen options, from saving a home to getting out from under a crushing financial burden; help readers decipher a mortgage, promissory note, and other complex documents; and explain how to negotiate effectively with a lender, live rent-free in a home during the redemption period, and even buy back after the foreclosure auction (if the state has a redemption period). Readers will learn how to team up with helpful allies, including foreclosure attorneys, mortgage brokers, and sympathetic friends and family members. For more information, go to http://www.dummies.com/WileyCDA/DummiesTitle/Foreclosure-Self-Defense-For-Dummies.productCd-0470251530.html.
Written in plain-English and presented in an easy-to-follow format, this practical reference also covers the emotional side of foreclosure, which can be just as devastating as the financial fallout. This includes the importance of breaking the news to a partner, approaching other family members for assistance, and protecting children who may not understand what's really going on.
FORECLOSURE SELF-DEFENSE FOR DUMMIES gets down to the nitty-gritty of creating a solid defense strategy, with details on checking and improving one's credit, saving money to fight back, haggling with the lender in question, and even filing for bankruptcy or selling a house when all else fails. The authors conclude with helpful ways to re-establish a good financial record in the wake of a foreclosure. It's not easy, but it's not impossible either.
Like all For Dummies® titles, the book ends with "The Part of Tens," including ten tactics readers can use to forestall foreclosure or buy time to raise more capital (like negotiating a forebearance or mortgage modification); ten common foreclosure-related scams and the bad apples who perpetrate them; and ten ways to rebuild one's life if a foreclosure does happen to occur. The helpful "Cheat Sheet" at the start of the book dispenses basic self-defense strategies, explains what to do first if a foreclosure notice has been received, lists important people to consult for help in the event of a foreclosure, and reveals some key "do's" (do contact spouse and lender immediately) and "don'ts" (one should not apply for a new high-interest loan to try to get out of the original default).
About the Authors
Ralph R. Roberts is a foreclosure survivor, Realtor, and real estate and mortgage fraud forensics expert. He and his team of foreclosure specialists, including co-authors Lois Maljak (also a foreclosure survivor) and Paul Doroh, have assisted thousands of distressed homeowners in one of the hardest hit housing markets in the United States - the Detroit Metropolitan area.
FORECLOSURE SELF-DEFENSE FOR DUMMIES®
By Ralph R. Roberts, Lois Maljak, Paul Doroh, and Joe Kraynak
ISBN: 978-0-470-25153-9 / $19.99 U.S. / February 2008
Visit http://www.dummies.com to see all For Dummies titles!
About For Dummies®
With near universal name recognition, more than 150 million books in print, and over 1,000 topics, For Dummies is the world's bestselling reference series. With loyal customers around the globe, For Dummies enriches people's lives by making knowledge accessible in a fun and easy way. Described by the N.Y. Times as "more than a publishing phenomenon, but a sign of the times," For Dummies span every section of the bookstore, covering everything from health to history, music to math, sports to self-help, technology to travel, and more. The Dummies brand franchise has expanded with an extensive licensed product line, including DVDs, software, consumer electronics, cooking, cleaning and automotive products, craft and hobby kits, games and more. For information, visit Dummies.com. For Dummies is a branded imprint of Wiley.