American Foreclosure

Product Details

The Definitive Foreclosure Guide for Every Homeowner and Investor.

Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment. Drawn from years of experience helping thousands of borrowers, American Foreclosure covers all the ins and outs of foreclosures, for both homeowners and real estate investors nationwide.

Everything U Need to Know..about Foreclosures

• Preventing foreclosure and avoiding scams.
• Discovering your financial options and risks.
• Understanding the foreclosure process state-by-state.
• Communicating and negotiating with lenders.
• Finding and buying foreclosed properties.

BONUS CD-ROM FEATURES: Ready-to-print real estate forms, foreclosure prevention resources, plus foreclosure investing tools - including free property listings - and much more!

Biographical Note:

Trevor Rhodes is founder and CEO of AmerUSA, the nation's trusted partners in real estate to both homeowners and investors, and is a nationally recognized leading authority in real estate.

Table of Contents

• Introduction.
• Chapter 1: American Foreclosure: Understanding Both Sides of the Story.
  • What Is Foreclosure?
  • The Homeowner Side.
  • The Investor Side.
• Chapter 2: Before You Miss Your First Payment: The Advice No One Else Will Give You!
  • Assessing Your Financial Situation.
  • Lining Up a More Reasonable Home.
  • Letting Go of Nonessential Debt.
• Chapter 3: Understanding the Foreclosure Process, Part I: The Loans Documents Defined.
  • Promissory Note.
  • Mortgage.
  • Deed of Trust.
• Chapter 4: Understanding the Foreclosure Process, Part II: Judicial or Non-Judicial.
  • Judicial Foreclosure.
  • Non-Judicial Foreclosure.
• Chapter 5: Understanding the Foreclosure Process, Part III: State by State.
  • Alabama.
  • Alaska.
  • Arizona.
  • Arkansas.
  • California.
  • Colorado.
  • Connecticut.
  • Delaware.
  • District of Columbia.
  • Florida.
  • Georgia.
  • Hawaii.
  • Idaho.
  • Illinois.
  • Indiana.
  • Iowa.
  • Kansas.
  • Kentucky.
  • Louisiana.
  • Maine.
  • Maryland.
  • Massachusetts.
  • Michigan.
  • Minnesota.
  • Mississippi.
  • Missouri.
  • Montana.
  • Nebraska.
  • Nevada.
  • New Hampshire.
  • New Jersey.
  • New Mexico.
  • New York.
  • North Carolina.
  • North Dakota.
  • Ohio.
  • Oklahoma.
  • Oregon.
  • Pennsylvania.
  • Puerto Rico.
  • Rhode Island.
  • South Carolina.
  • South Dakota.
  • Tennessee.
  • Texas.
  • Utah.
  • Vermont.
  • Virginia.
  • Washington.
  • West Virginia.
  • Wisconsin.
  • Wyoming.
• Chpater 6: Foreclosure Prevention, Part I: Lender Communication.
  • Don't Assume Your Problems will Go Away.
  • Why Your Lender Doesn't Want to Foreclose.
  • Office of the Comptroller of the Currency Insights Report.
  • Don't Discard Your Mail Without Reading It.
  • Don't Be Embarrassed to Contact Your Lender.
  • Negotiating With Your Lender.
• Chapter 7: Foreclosure Prevention, Part II: Making the Most Out of Your Money.
  • Stop Paying Nonessential Debt.
  • Budget Busters.
  • Liquidating Assets.
• Chapter 8: Foreclosure Prevention, Part III: When Keeping Your Home Is Not an Option.
  • Listing Your Home for Sale.
  • Selling Short.
  • Assumable Loans.
  • Deed in Lieu of Foreclosure.
• Chapter 9: Foreclosure Prevention, Part IV: Loan Counseling and Free Assistance.
  • HUD Approved Housing Counselors.
  • FHA Disaster Relief.
  • Non-FHA Disaster Relief.
  • Servicemembers Civil Relief Act (SCRA).
  • FHASecure Program.
  • Lender Help Lines.
  • EUNTK.com.
• Chapter 10: Foreclosure Prevention Scams: Homeowner Beware.
  • Crooked Counselors and Negotiators.
  • Equity Skimming.
  • "Preadatory" Lenders.
  • Steps You Should Take to Protect Your Home.
• Chatper 11: How to Delay or Stop Foreclosure: Fast-Acting Legal Tactics.
  • Filing a Lawsuit (Temporary Restraining Order/Injunction).
  • Filing Bankruptcy.
• Chapter 12: Buying Foreclosures, Part I: Pre-Foreclosures.
  • Finding Pre-Foreclosures.
  • Researching Pre-Foreclosures.
  • Contacting the Homeowner.
  • Negotiating a Sales Contract.
  • Financing Pre-Foreclosures.
• Chapter 13: Buying Foreclosures, Part II: Foreclosure Auctions.
  • Finding Foreclosure Auctions.
  • Researching Foreclosure Auctions.
  • Financing Foreclosure Auctions.
  • Placing a Bid.
  • Taking Possession.
• Chapter 14: Buying Foreclosures, Part III: Real Estate Owned Properties (REOs).
  • Finding REOs.
  • Researching REOs.
  • Contacting the Lender.
  • Negotiating a Sales Contract.
  • Financing REOs.
• Conclusion.
• Appendix A: Government Publications: Resources to Help Avoid Foreclosure.
  • HUD Brochure: How to Avoid Foreclosure.
  • Congressional Office Manual.
  • FTC Facts for Consumers.
• Appendix B: Internal Revenue Service (IRS): Income Tax Implications of Foreclosure.
  • IRS Press Release.
  • Questions and Answers on Home Foreclosure and Debt Cancellation.
  • Mortgage Forgiveness Debt Relief Act of 2007.
• Appendix C: Bonus CD-ROM: The American Foreclosure Resource Center.
  • Installation Instructions.
  • Terms of Use.
  • How to Personalize a Real Estate Form.
  • The End Result.
• Index.