Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit (Paperback)

~ Lloyd Segal (Author)
Key Phrases: security instrument, mortgage insurance, escrow items, Notice of Default, Notice of Sale, Lis Pendens (more...)

Editorial Reviews

Product Description

There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes. This book is required reading for anyone confronting foreclosureForeclosure is not the end of the world - or even the end of your home, necessarily.First, know that you're not alone. Foreclosures affect all kinds of people and all kinds of properties. Like many people faced with foreclosure, you may feel helpless, hopeless, and resigned to giving up your house without trying to save it. If so, cheer up! You actually have some good, solid options to take control of the situation, avoid foreclosure proceedings, and even protect your credit. Depending on which option you choose, Stop Foreclosure Now will help you:* decide whether your property is really worth saving* figure out how much time you have to respond* negotiate with your lender* use the courts to stop the foreclosure * decide whether bankruptcy is a good option* arrange to refinance your property* sell your property quicklyIncludes all the necessary forms and step-by-step instructions. --This text refers to an alternate Paperback edition.

Book Description

We’ve all heard the reports. Americans are losing their homes in record numbers, and the housing crisis seems unlikely to subside anytime soon. Foreclosures affect all kinds of people and all kinds of properties. Many people faced with foreclosure feel helpless and resigned to giving up their homes without even trying to save them. The good news is that with the right advice, homeowners can take control of the situation, avoid foreclosure proceedings, and even protect their credit. Lloyd Segal, mortgage banker, attorney, and real estate investor has spent the last twenty-five years helping homeowners save their houses. In Stop Foreclosure Now, he shows readers how to:

develop a plan to delay or stop foreclosure • understand the documents involved • negotiate with their lender • use the courts to stop foreclosure and bankruptcy • arrange to refinance their property • sell their property quickly • use military status to stop foreclosure • understand foreclosure laws in all 50 states

Timely and indispensable, this guide will help anyone survive the housing crisis and preserve their most important investment.

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Product Details

• Paperback: 368 pages
• Publisher: AMACOM (September 15, 2008)
• Language: English
• ISBN-10: 0814413307
• ISBN-13: 978-0814413302
• Product Dimensions: 10.8 x 8.3 x 1.1 inches
• Shipping Weight: 1.5 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #82,156 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #11 in	Books > Business & Investing > Real Estate > Mortgages
  #18 in	Books > Business & Investing > Industries & Professions > Purchasing & Buying
  #22 in	Books > Nonfiction > Law > Practical Guides > Real Estate

Customer Reviews

Most Helpful Customer Reviews

9 of 10 people found the following review helpful:

5.0 out of 5 stars A pure gem of wisdom, knowledge and power, September 4, 2007

By	Y.L.D. - See all my reviews

This review is from: Stop Foreclosure Now: Save your house if you can, Save your credit if you can't (Paperback)

As a principle, I stay far away from self help and you-can-do-it-yourself books, because more often than not, their authors seem to have the secret ambition of turning clueless reader/user into experts on their subject matters. Mr. Segal's book does not supply the reader with needless information on foreclosure, short sales and related matters: it simply provides very straightforward answers to all the fundamental questions the distressed homeowner actually has and to which he/she is seeking concrete answers to get out of a difficult situation. Plain and simple.
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What more, the book is remarkably clearly written, and structured in such a way that the user/reader does not spend a minute agonizing over where to start, what chapters to read, or what information could be relevant given his or her particular circumstances. This book is in fact very results-oriented, and explores right from the start different viable solutions; from there, the reader/user is then guided through his or her solution, or best alternative option very steadfastly by the author. In that regard, I have to admire Mr. Segal's great ability to navigate the reader/user through a complex situation with surprisingly simple solutions, and his ability to put himself in the shoes of a distressed homeowner. Truly amazing!

Now. I came across, and bought this book when was entangled in a seemingly dead end situation: I had tried - rather very unsuccessfully-- to sell my house on which I owed more than the current market value, from 2 different lenders; my real estate agent, and real estate lawyer had both given up on my case; I felt trapped, and I was angered by the situation. When they let me down, I freezed, and was basically waiting for doom to loom on me. " Stop Foreclosure Now. Save your house if you can; save your credit if you can't" did not merely give me hope to find a way out. It actually empowered me overnight to take charge of my situation, by equipping me with the knowledge, tools, and information needed to engage with lenders and people in the real estate community in an intelligible and articulated manner about my case. Indeed, as a read the book, I could see myself evolving from a state of desperation and disempowerment to a state of mind where I could see new opportunities emerging from my obviously desparate situation. In that respect, one of the key lessons of the book, from a homeowner's perspective is Mr' Segal's take that foreclosure is not the end of it all; as a matter of fact, it could actually be the best thing happening to a homeowner seeking a fresh beginning in homeownership.

I wholeheartedly recommend this book to anyone, -- distressed homeowner or not -- who wants to engage intelligibly with lenders, or real estate folks on a foreclosure case, and work out a viable solution for herself or himself. Given the current real estate market, this book is simply a gem of wisdom, knowledge and power.

3 of 4 people found the following review helpful:

5.0 out of 5 stars Reducing the stress of dealing with foreclosure..., September 10, 2007

By	Howard M. Gordon (USA) - See all my reviews (REAL NAME)

This review is from: Stop Foreclosure Now: Save your house if you can, Save your credit if you can't (Paperback)

"With STOP FORECLOSURE NOW, author Lloyd Segal has done a HUGE favor for many of us homeowners who have to face the very real intimidating and frightening process of coping with such financial difficulties. By simplifying and demystifying many of the steps involved, Mr. Segal has given us access to the knowledge and the ways and means necessary to better protect our families and our properties.
It's a very important intermediate step before having to seek and pay for professional help!

Thank-you,

Howard Gordon"

2 of 3 people found the following review helpful:

5.0 out of 5 stars Stop Foreclosure Now, September 23, 2007

By	J. Mills - See all my reviews (REAL NAME)

This review is from: Stop Foreclosure Now: Save your house if you can, Save your credit if you can't (Paperback)

I've read lots of real estate books over the years, but "Stop Foreclosure Now" is one of the best. Plus, you don't have to be in foreclosure to appreciate its contents. For example, I'm a real estate investor, but still found it valuable. The book is divided into five sections. The first section covers promissory notes, mortgages, and deeds of trust. The second section differentiates between judicial and non-judicial foreclosure and describes the procedures for each. The third section describes various strategies homeowners can utilize to stop the foreclosure and save their homes. The fourth section, which was particularly helpful to me. Describes the specific foreclosure procedures in each of the 50 states. It includes a nifty map of each states and that state's website (which you can access for updates on foreclosure laws). The final section contains a glossary of commonly used real estate terms. This book is a valuable new addition to my real estate library, and I highly recommend it for anyone wanting to learn more about foreclosure.

Jim Mills
Manhattan Beach, CA