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I do find reviews of products helpful in determining if I should, at least consider further, buying it. I do find some reviews helpful and some not so helpful. This book, like others, provides information to help the people willing to do some work for themselves find their own specific answers. There ARE NO resources that provide all the answers for any of us. If you're in foreclosure, the redemption period, or just considering letting your house go, and you find yourself reading these reviews pay close attention to what you are about to read: LEARN YOUR RIGHTS guaranteed by the Bill of Rights! If you read them, and learn what they mean to you, you will realize that no states get any better deals than any other state. You will also learn that ALL foreclosures today are violating our 4th, 5th, 7th, and 14th amendment rights. That's right - unless you had a trial by jury for your foreclosure, the company/servicer/lawyer-debt collector etc. STOLE YOUR HOME!!! What's even more disappointing is that when you signed your promissory note, your house had already been paid for....10 times! It's called fractional reserve lending. Also, since 1933 the United States has been in bankruptcy. Under the laws of bankruptcy, no new debt can be created (check it out for yourself). Why then should the government or banks or companies be allowed to create new debt? Because they found ways to word the contracts such that conform to certain guidelines that sound fine on paper, but then do as they want afterwards. Check out mortgage securities fraud. As soon as your mortgage is sold or assigned to another company, or servicer, your mortgage in no longer valid. That's because the originator of your loan sells it's interest in the loan.Read more ›
I bought this book several months ago because I volunteered to help some friends of mine who went into foreclosure. My job was initially to be the person to make phone calls to the bank and try to renegotiate the loan, but the clock was ticking on the court case. We did consult an attorney at first, whose advice was basically "You're screwed - put them off as long as you can and try to short sell or try to get a forbearance and restructure." When the bank proved nearly impossible to deal with (we were pushed back to square one twice already), I ordered this book to get ideas on how to hold the hounds at bay until we had time to get through to someone at the bank that would or could make a decision.
After reviewing the book, I didn't feel confident handling the filings myself, so we found another attorney, gave her the book, explained our possible defenses and she went to work. That was several months ago.
Yesterday, the case was dismissed! Believe me, if you're in foreclosure, you NEED THIS BOOK!
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I liked this book. I didn't think it was a masterpiece. But it's a heavy book - big pages, lots of pages, and lots of content. This tome has the feel of a "Practice Series" book that a law office would have on a particular practice area of law. In this case, foreclosure law. And it is fairly well written, too. I encourage you to take a look at the Search Inside feature for this book provided by Amazon. All 23 "legal defenses" can be examined in the Table of Contents there.
So why didn't I give this book a 5-star rating? That's a good question. Let's just list the reasons:
>>1. The title says the book will tell you "How to beat the bank." This may be true. And then it may not. When I read that I felt as if the book was guilty a little of false representation. >>2. The book only gives you legal defenses should you find yourself facing a foreclosure lawsuit in one of the following 22 states: CT, DE, FL, HI, IL, IN, IA, KS, KY, LA, ME, NE, NJ, NM, NY, ND, OH, OK, PA, SC, VT, & WI. That's not even half of the states in the Union. >>3. The book covers federal rules and law. It doesn't provide the actual state laws that would be applicable. >>4. The book does not cover other laws that might help in combatting a foreclosure action: bankruptcy and consumer protect laws.
I think the person or people who will benefit from reading this book the most are debtors who have decided to stay in their house as long as the law will allow. They plan to drag out a foreclosure lawsuit as long as possible in order to live "rent free" on the lender's tab. And they will probably get kicked out when the litigation ends. By reading the book they will better understand the legal process they are faced with.Read more ›
23 Legal Defenses to Foreclosure: How to Beat the Bank by Troy Doucet is an excellent overview for anybody exploring this area. I disagree with the misrepresentation claim leveled above, because like anything else, nothing is certain. (e.g. How many "lose twenty-pounds in 10 days books" are there?) I also partly disagree with the comment that the book is only helpful in certain states and quotes only federal law. The author goes to great pains to help you understand that the federal laws are largely copied by states and you can find the appropriate state reference by using the federal template. Additionally federal law is what you'll need in a bankruptcy proceeding in any state, so it is universal in that regard. But I partly agree with the criticism leveled at the state-specific focus because the book explicitly addresses only those venues where foreclosure is a judicial process (versus a trustee sale which without effort, is an extra-judicial procedure). However, the theories are still valid but there are some tricks that need to be employed to use the defenses in a state where foreclosure is generally not accomplished by a court proceeding. The book would improve if it had a chapter dedicated to a "generic overview" of those necessary tactics. My rating remains five-star because the book is thorough, affordable, and well organized. I will recommend it to all of my clients (or potential clients) seeking more information on this important subject
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