New Book Offers Critical Advice to Homeowners in Mortgage Default
Proven step-by-step strategy for preventing foreclosure, negotiating with lenders, and rebuilding credit is featured in new book The American Nightmare. FREE downloadable excerpts from the book now available at http://www.nahrep.org/american_nightmare/foreclosure-options.html
Washington, D.C. (PRWEB) October 1, 2008 -- A new book offers a lifeline to homeowners unable to make their mortgage payments. Authored by veteran housing counselors, Sylvia Alvarez and Walter Walker Jr., the book, titled The American Nightmare, offers distressed homeowners valuable tips to help avoid, survive and overcome foreclosure. Readers will learn about the most common reasons why people end up in foreclosure, the lender's perspective in the foreclosure equation and what homeowners can do to negotiate a favorable outcome. Published in partnership with the National Association of Hispanic Real Estate Professionals (NAHREP), FREE downloadable excerpts from The American Nightmare are available in English and Spanish. A link is also provided to purchase the book for $14.95.
The American Nightmare Book: Strategies Preventing, Surviving and Overcoming Foreclosure
The authors offer clear, practical advice to distressed homeowners in mortgage default, including:
- Benefits of contacting your lender as soon as there is a problem;
- Information to have ready when placing a distress call to lenders;
- Special assistance available homeowners with FHA-insured loans;
- Advantages of consulting a HUD-certified housing counselor;
- How to prioritize your debts;
- The importance of preserving good credit when funds for payments start running short;
- Tips for exploring workout solutions with a lender;
- Resources for finding a qualified real estate agent when selling a home;
- What to do when lenders don't respond;
- Warning signs of predatory lenders and how to report them.
"It's important for distressed homeowners to realize that lenders want to help borrowers keep their homes," says Rebecca Gallardo-Serrano, Chairman of NAHREP. "The American Nightmare authors are encouraging open communication between homeowners and lenders while helping to avoid the pitfalls that can lead to further financial and personal damages."
The National Association of Hispanic Real Estate Professionals, a non-profit 501c6 trade association, is dedicated to increasing the homeownership rate among Latinos by educating and empowering the real estate professionals that serve them. Based in Washington D.C., NAHREP is the premier trade organization for Hispanics and has more than 15,500 members in 48 states and 62 affiliate chapters.
###
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/Q3Jhcy1IYWxmLVNpbmctVGhpci1IYWxmLVNpbmctWmVybw==
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
