How to Sell a House When It's Worth Less Than the Mortgage: Options for "Underwater" Homeowners and Investors [Kindle Edition]

Dwan Bent-Twyford (Author)

Editorial Reviews

Product Description

Due to the wave of refinancing in recent years, and the fall in home values, in 2009 about 12 million homeowners and investors will be "underwater"--owing more than their property is worth. This book explains all the options for these homeowners who are trapped with houses they want to get free from, people whose property value has dropped so low that they can't sell the property, people whose mortgage payment has adjusted and now they can't afford the property. In addition to offering advice on subject to's, rentals, leases, loan modifications and more...the book will teach America how to short sale their own home.

From the Back Cover

Smart Options for Homeowners Who Owe More on Their Mortgage Than Their Property Is Worth

The crash in housing prices and other economic forces have left millions of property owners "underwater"—owing more on their mortgage than their property is worth. If you're one of them, trapped in a home you can't sell and pressured by mortgage payments, the situation can feel hopeless.

But you do have options. And giving up is not one of them. Whether you're a homeowner or an investor, there are ways to get out of this mess before it bankrupts you. The first step is to arm yourself with full knowledge of all the alternatives available to you. You may be able to renegotiate loan terms with your bank, or short sell your home, or even rent the property out—just don't wait until it's too late.

How to Sell a House When It's Worth Less Than the Mortgage explains all of your options, helps you pick the best one for your situation, and shows you how to get it done step by step. Inside, you'll discover the ins and outs of:

• Estimating the real market value of your home

• Understanding mortgage forgiveness and debt relief legislation

• Putting together a short sale package to convince your lender to write down your mortgage

• Finding a buyer yourself or using an agent

• Negotiating new loan terms with the bank

• Tapping into government aid programs

• Surviving bankruptcy or foreclosure as a last resort

See all Editorial Reviews

Product Details

• Format: Kindle Edition
• File Size: 3000 KB
• Print Length: 224 pages
• Publisher: Wiley; 1 edition (March 3, 2009)
• Sold by: Amazon Digital Services
• Language: English
• ASIN: B001VLXNJC
• Text-to-Speech: Enabled
• Lending: Enabled
• Average Customer Review: 4.3 out of 5 stars  See all reviews (16 customer reviews)
• Amazon Best Sellers Rank: #178,957 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  • #47 in Kindle Store > Kindle eBooks > Nonfiction > Business & Investing > Industries & Professions > Real Estate > Investments

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Customer Reviews

Most Helpful Customer Reviews

12 of 13 people found the following review helpful:

1.0 out of 5 stars The authors of this book are AMATURES!, November 27, 2010

By 

Lauren Walt - See all my reviews

Amazon Verified Purchase

This review is from: How to Sell a House When It's Worth Less Than the Mortgage: Options for "Underwater" Homeowners and Investors (Paperback)

I bought this book seeking information, but the useful information in this book--which is not great--can be found with a 10 minute internet search. The balance of the book actually addresses the emotion of owning a distressed property. The authors spend a good bit of time discussing religion, which is completely inappropriate for a book of this nature.

When I ordered this book I did realize that the authors were trying to cash in on The Housing Crisis, but at the time there were not a lot of books on this topic; and I thought for ~$13 maybe it'll have a few bits of good information. I was completely wrong. This book is not worth the paper it was printed on, and certainly not worth the time it takes to read it.

The authors are a married couple with little formal education to speak of--in a state of destitution they discovered they could make a living as real estate agents. With the fall of the housing market they opportunistically began "helping" desperate home owners to dispose of distressed properties. They claim altruism, but their guise is very thin.

If you are the owner of a distressed property it would behoove you to hire a competent real estate attorney. Likewise, if you wish to read an informative book about dealing with a distressed property, it would behoove you to select a book written by an attorney or another person of similar credential. I have not yet found such a book, but am actively searching; and you should keep searching as well.

12 of 13 people found the following review helpful:

2.0 out of 5 stars A very "light weight" reference for a series subject, October 1, 2009

By 

R. Aris - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: How to Sell a House When It's Worth Less Than the Mortgage: Options for "Underwater" Homeowners and Investors (Paperback)

The title suggests a book that is very topical today. While that's accurate, the text is very lightweight in its treatment of the issues. The writing comes across as more of a transcript of a radio show conversation between two moderately informed individuals than a serious, well researched take on a serious set of financial issues facing many families. It's ok, but to me the text is more brochure-ware than financial reference or guide.

2 of 3 people found the following review helpful:

4.0 out of 5 stars A great book to add to a beginners investing tool kit., July 28, 2009

By 

Paul Thacker (Raleigh/Durham, NC) - See all my reviews

This review is from: How to Sell a House When It's Worth Less Than the Mortgage: Options for "Underwater" Homeowners and Investors (Paperback)

Short Sales is not an easy market to work without correct and complete directions from someone that have experience and are willing to show you how to do it the right way. Dwan is making some very good points and the reader should appreciate the value, especially a begginer real estate investor in todays recession!