Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit

TABLE OF CONTENTS......Page 8
A. What Is Foreclosure?......Page 12
D. What Types of Foreclosures Does This Book Cover?......Page 13
F. Can You Really Do It Yourself?......Page 14
H. How to Use This Book......Page 15
CHAPTER 1 DEVELOP A PLAN TO STOP FORECLOSURE......Page 20
A. Communicate With Your Lender......Page 21
B. Get Organized......Page 25
C. Learn the Clock......Page 26
D. Decide Whether or Not to Keep Your Property......Page 27
E. Develop a Plan of Action......Page 33
CHAPTER 2 UNDERSTANDING THE DOCUMENTS UNDERLYING A FORECLOSURE......Page 36
A. Promissory Note......Page 37
B. Deed of Trust......Page 46
C. Mortgages......Page 55
D. Reviewing Your Deed of Trust or Mortgage......Page 72
CHAPTER 3 NONJUDICIAL FORECLOSURES......Page 78
A. Overview of Nonjudicial Foreclosure......Page 79
B. Notice of Default and Election to Sell......Page 80
C. The Reinstatement Period......Page 87
D. Notice of Trustee’s Sale......Page 89
E. The Redemption Period......Page 94
F. Trustee’s Sale......Page 97
CHAPTER 4 JUDICIAL FORECLOSURES......Page 104
A. Why Lenders Choose Judicial Foreclosures......Page 105
B. Overview of a Judicial Foreclosure......Page 106
CHAPTER 5 NEGOTIATING WITH YOUR LENDER......Page 130
A. Negotiating Strategies......Page 131
B. Negotiating With an Institutional Lender......Page 134
C. Negotiating With a Private Lender......Page 140
D. Negotiating With HUD and the FHA......Page 141
E. Negotiating With the U.S. Department of Veteran Affairs......Page 145
CHAPTER 6 REFINANCING OUT OF FORECLOSURE......Page 150
A. Deciding Whether to Refinance......Page 151
C. Will You Qualify for Refinancing?......Page 153
D. Overview of Refinancing?......Page 156
E. Kinds of Loans......Page 157
F. How to Find a Lender to Refinance Your Property......Page 164
G. Closing Costs......Page 167
CHAPTER 7 USING YOUR MILITARY STATUS TO STOP FORECLOSURE......Page 170
A. Are You Covered by the SSCRA?......Page 171
B. How to Use the SSCRA to Reduce Your Interest Rate and Payments......Page 174
C. How to Use the SSCRA to Stop a Nonjudicial Foreclosure......Page 176
D. How to Use the SSCRA to Stop a Judicial Foreclosure......Page 178
CHAPTER 8 USING THE COURTS TO STOP A NONJUDICIAL FORECLOSURE......Page 180
A. Do You Have Grounds to Go to Court?......Page 181
B. Overview of a Lawsuit to Enjoin Foreclosure......Page 190
C. How to File a Lawsuit and Get a Temporary Restraining Order......Page 193
D. How Your Case Proceeds After the TRO Hearing......Page 206
A. File for Bankruptcy and Stop the Foreclosure......Page 208
B. How Bankruptcy Works......Page 209
C. Which Bankruptcy Is Right for You?......Page 222
D. Additional Resources......Page 223
CHAPTER 10 HOW TO SELL YOUR PROPERTY QUICKLY TO STOP FORECLOSURE......Page 224
A. Deciding Whether to Sell Your Property......Page 225
B. Hire a Real Estate Agent......Page 226
C. Implement a Plan to Sell Your Property......Page 231
D. Prepare Your Property for Sale......Page 233
E. Offers and Counter-Offers......Page 234
F. Proceeding Through to Closing......Page 236
G. Special Rules for Dealing With Equity Purchasers......Page 237
H. Arranging a “Short Sale” With Your Lender......Page 241
CHAPTER 11 GIVING YOUR LENDER A DEED IN LIEU OF FORECLOSURE......Page 246
A. Reasons to Use a Deed in Lieu......Page 247
B. Will Your Lender Accept a Deed in Lieu?......Page 248
C. Negotiate Terms of the Deed in Lieu......Page 250
D. How to Prepare a Deed in Lieu of Foreclosure......Page 251
CHAPTER 12 HELP BEYOND THIS BOOK......Page 256
A. Real Estate Lawyers......Page 257
B. Using a Foreclosure Consultant......Page 259
C. The Law Library, Internet, and Legal Research......Page 262
APPENDIX......Page 266
B......Page 280
D......Page 281
F......Page 282
L......Page 283
P......Page 284
R......Page 285
S......Page 286
U......Page 287
W......Page 288
SUMMARY OF STATE FORECLOSURE LAWS......Page 290
DEAR READER......Page 358
ABOUT THE AUTHOR......Page 360