Home | Amazing | Today | Tags | Publishers | Years | Account | Search 
Underwater: Options When Your Mortgage Is Upside Down

Buy

Just about every month, housing values in the U.S. fall. That, in turn, increases the number of people who owe more on their houses than they are worth—either trapping them in homes they may no longer want or putting them in danger of financial catastrophe if they lose a job or are otherwise unable to meet the mortgage. Underwater: Options When Your Mortgage Is Upside Down offers valuable advice to homeowners on ways they can unload a house they no longer want, save a home from foreclosure, or undergo foreclosure and start anew. The book offers smart advice from lawyers, bankers, real estate agents, personal finance experts, and homeowners who have seen the foreclosure process firsthand, as well as those who have been able to save their homes through loan modifications and other creative methods. Those faced with tough choices will find invaluable guidance to help them make well-informed decisions while managing the emotional fallout each brings.

Many of the eleven million people in the U.S. now facing the “underwater” dilemma wonder: Is staying put the only option? What if I can’t pay the monthly mortgage bill? Can I save my home? Underwater: Options When Your Mortgage Is Upside Down outlines the options—when foreclosure is a good idea, how to best protect the equity you've built up, the financial repercussions of going into foreclosure, strategies for renegotiating a loan, taking advantage of government programs designed to keep you happily housed, and more. Veteran financial journalist Chris Lauer provides the facts, ideas, and advice that can help any underwater homeowner—especially those facing foreclosure—make smart decisions for a better future.

What you’ll learn

  • How to determine whether your home mortgage is “underwater.”
  • How negative equity can cause long-term damage to personal budgets and the nation’s economy.
  • What homeowners can do to get out from under an “upside-down” mortgage.
  • How to negotiate with your lender to refinance your loan, agree to a “short sale,” or stop the foreclosure process.
  • How to protect your equity and limit your financial exposure under various options. 
  • How other homeowners have been able to turn their mortgages around and rise up from dire circumstances.
  • How the choice to face foreclosure may be the right financial decision.
  • How to tap into federal programs designed to aid beleaguered homeowners.
  • How to navigate through the unfamiliar language of real estate jargon and make sense of the alphabet soup of real estate acronyms.

Who this book is for

The audience for Underwater: Options When Your Mortgage Is Upside Down consists of the millions of homeowners whose houses are either “upside-down” with their mortgages (owing more on their house than it is worth) and those who fear they may be close to that point. According to the real estate services firm CoreLogic, statistics at the end of the third quarter of 2011 show that about 10.7 million (22.1 percent) of all residential borrowers are “underwater” on their mortgage obligations. With one expert projecting a further decline of 5% in real estate values in 2012, that number will grow. These people, and those who may enter their ranks, are the audience for this book.

Table of Contents

  1. The Real Estate Crash
  2. How Bad is the Underwater Problem
  3. Advice from an Underwater Homeowner
  4. Advice from a Real Estate attorney
  5. Advice from a Real Estate Agent
  6. Advice from a Mortgage Broker
  7. Advice from a Real Estate Agent
  8. Advice from a Real Estate Agent
  9. Advice from a Mortgage Broker
  10. Advice from a Real Estate Expert
  11. Advice from a Real Estate Economist
  12. Advice from an Economist
  13. Advice from CoreLogic Chief Economist Mark Fleming
  14. What You Should Know About Fannie Mae and Freddie Mac
  15. Lenders Settle with Homeowners for $25 Billion for Abuses
  16. Twelve Valuable Government Programs
  17. Glossary of Terms
  18. Additional Resources
(HTML tags aren't allowed.)

Networking Self-Teaching Guide: OSI, TCP/IP, LAN's, MAN's, WAN's, Implementation, Management, and Maintenance (Wiley Self Teaching Guides)
Networking Self-Teaching Guide: OSI, TCP/IP, LAN's, MAN's, WAN's, Implementation, Management, and Maintenance (Wiley Self Teaching Guides)
IT professionals who want to move into the networking side in a corporate or enterprise setting will find the detailed content they need to get up to speed on the very latest networking technologies; plus, current networking professionals will find this a valuable and up-to-date resource. This hands-on guide is designed so that you can select,...
Geometric Problems on Maxima and Minima
Geometric Problems on Maxima and Minima
Questions of maxima and minima have great practical significance, with applications to physics, engineering, and economics; they have also given rise to theoretical advances, notably in calculus and optimization. Indeed, while most texts view the study of extrema within the context of calculus, this carefully constructed problem book takes a...
The Linux Cookbook, Second Edition
The Linux Cookbook, Second Edition
The Linux Cookbook, 2nd Edition is your guide to getting the most out of Linux. Organized by general task (such as working with text, managing files, and manipulating graphics), each section contains a series of step-by-step recipes that help you to get your work done quickly and efficiently, most often from the command line. Nearly 50...

AutoCAD Platform Customization: User Interface and Beyond
AutoCAD Platform Customization: User Interface and Beyond
Welcome to AutoCAD Platform Customization*. Have you ever thought about customizing the Autodesk® AutoCAD® program only to think it is not for you because you're not a programmer? If so, you are not alone—many people connect customization with programming. However, customization is not the same as programming,...
Cardiac Arrhythmias 2005: Proceedings of the 9th International Workshop on Cardiac Arrhythmias (Venice, October 2-5, 2005)
Cardiac Arrhythmias 2005: Proceedings of the 9th International Workshop on Cardiac Arrhythmias (Venice, October 2-5, 2005)
The year 1988 marked the beginning of the International Workshop on Cardiac Arrhythmias. This biannual series of meetings was initiated with the following goals: (1) to present technological advances in the field of cardiac arrhythmias, (2) to publicise the results of current research, and (3) to assess the impact of new diagnostic and therapeutic...
Radar Systems Analysis and Design Using MATLAB
Radar Systems Analysis and Design Using MATLAB
Numerous books have been written on Radar Systems and Radar Applications. A limited set of these books provides companion software. There is need for a comprehensive reference book that can provide the reader with hands-on-like experience. The ideal radar book, in my opinion, should serve as a conclusive, detailed, and useful reference for working...
©2019 LearnIT (support@pdfchm.net) - Privacy Policy