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Underwater Home: What Should You Do if You Owe More on Your Home than It's Worth? Paperback – November 15, 2010
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Top Customer Reviews
If you are underwater on your home mortgage, this book is a must-have. If you have a friend or a family member who is underwater on their home mortgage, or struggling to make sense of the various options available to them, consider a polite way to introduce them to this book. They will be forever grateful for your kindness and thoughtfulness.
What makes this book really unique is that it is written by a lawyer who goes far beyond the typical "just the facts" legalese. Professor White goes the extra mile in helping the reader determine, for themselves, the best course of action to take for their unique situation and to also feel good and confident about their decision. Professor White's insight and thoughtful strategies, along with his easy-to-read writing style, make this book a one-of-kind guide and reference manual setting the standard by which all other books on this topic will be measured in the future. This book is empowering and has a lot of heart.Read more ›
Thank you for putting so succinctly, in such easy to understand English, that the contract we signed with the bank, was a two way, JOINT contract. It is not a one way deal whereby the bank loans me money, I in turn owe them my life, and they can now do whatever they like with the housing market without consequence. Thank you for conveying to me that we lived up to the agreement in our contract with the bank that the foreclosure insurance that we paid at closing (as most homeowners do, but don't know it) covered the bank AND that they entered into an agreement with us that should we ever foreclose, that we would forfeit the house to them. Well, here's your house and I lived up to my end of the agreement. You agreed Mr. Big Banker that you would accept my home as collateral. Next, we should sue you for ruining our once perfect credit (800+ scores) as the terms of the contract were met.
Thank you also for bringing to light that the credit score isn't the end all of who we are as people and we can within a short period of time recover from that as well. Another scare tactic of the banks and the government.
There is so much useful and concrete advice in this book that I cannot write enough about it. We had made our decision to walk prior to reading this book but now we do it with the utmost confidence and clarity. Thank you is not enough for the surety your book has brought to our decision.
March 26, 2013
Update.Read more ›
He also provides numerous websites and simple calculations that will help you decide what is your best option. His explanations help to reduce the emotional ties a homeowner has to his house, explains them and then encourages you to make a logical decision based upon your own particular situation. He helped me make up my mind as to what I should do and I know can help others who are facing one of the most critical decisions they will ever have to make.
Highly recommend to anyone who is facing an immediate foreclosure situation or would like to know more about this subject.
Most Recent Customer Reviews
I don't think I'm ready to default just yet, but this book explains what your real estate agent and bank won't: that you can deliberately default on your mortgage and perhaps... Read morePublished 10 months ago by Robin
Good book-- speaks to the average person and provides useful information.Published 18 months ago by Rebecca
Used this book to get my options. Recommended it to many others that are in the same situation that I was. Straight forward, My book it highlighted all through out. Read morePublished 19 months ago by Virginia Brown
Picked this up in the lunchroom at work, laying on the free table. I was initially surprised to see no publishing information in the inside front cover. Read morePublished on July 15, 2013 by Paul Dare
some of the book was outdated, but did help me negotiate better terms with lender with out harming my credit at allPublished on June 7, 2013 by Mitchel Waldman
Anyone looking for how things really work when the home is under water and they want to get out from under it will have a much better understanding of what is in store for them... Read morePublished on May 29, 2013 by quilting nut
Our attorney recommended this book to us when we approached him about advising us on a short sale. As the other reviewers have stated, this book is invaluable if your home is... Read morePublished on February 14, 2013 by Alayna Quinn