Hoboken, NJ (PRWEB) February 26, 2008
Difficult times have hit the housing industry, mortgage loans are getting tougher to come by, and foreclosure rates are skyrocketing even though home values are plummeting. Distressed property owners typically mistakenly think 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 professionals Ralph R. Roberts, Lois Maljak, and Paul Doroh group up to assist readers fight back against foreclosure. They go step-by-step by means of the foreclosure process reveal more than a dozen choices, from saving a residence to receiving out from under a crushing financial burden help readers decipher a mortgage, promissory note, and other complicated documents and clarify how to negotiate effectively with a lender, reside rent-free in a property in the course of the redemption period, and even acquire back soon after the foreclosure auction (if the state has a redemption period). Readers will discover how to team up with helpful allies, which includes foreclosure attorneys, mortgage brokers, and sympathetic close friends and family members. For more details, go to http://www.dummies.com/WileyCDA/DummiesTitle/Foreclosure-Self-Defense-For-Dummies.productCd-0470251530.html.

Written in plain-English and presented in an straightforward-to-comply with format, this practical reference also covers the emotional side of foreclosure, which can be just as devastating as the monetary fallout. This consists of the importance of breaking the news to a companion, approaching other family members members for assistance, and safeguarding children who may not comprehend what is truly going on.

FORECLOSURE SELF-DEFENSE FOR DUMMIES gets down to the nitty-gritty of generating a solid defense approach, with information on checking and enhancing one’s credit, saving funds to fight back, haggling with the lender in query, and even filing for bankruptcy or promoting a house when all else fails. The authors conclude with valuable approaches to re-establish a very good economic record in the wake of a foreclosure. It is not simple, but it’s not impossible either.

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