Underwater on your home? Don't know what to do? Let one of the the nation's leading experts guide you to the right decision. In Underwater Home, Professor White addresses all your concerns and helps you work through the emotions and practical realities of being underwater on your home. He explains your options and gives you the facts that will empower you to make the best decision for your family, free from guilt or fear, and with clarity, confidence, and peace of mind. Underwater Home is both an emotional and practical guide for the underwater homeowner. Professor White explains when it makes financial sense to stay in your underwater home and when it makes sense to get out. And he offers no-nonsense insight into how to negotiate with your lender. If you're underwater on your home, you can't afford not to read this book. "In a tone that is both conversational and precise... lays out the case for and against walking away from an upside-down mortgage where the home is worth less than the mortgage balance. As is his habit, Mr. White strips away many of the emotional reasons that are often touted to deter walkaways. - Wall Street Journal, Decemeber 7, 2010. "Underwater mortgage? The book banks and Fannie hope you won’t read." Reuters, December 15, 2010 "Law Prof’s Book Helps Underwater Homeowners Decide When to Walk Away" - ABA Journal, December 8, 2010. "A how-to book on strategic mortgage default." - Orlando Sentinel, December 15, 2010 "Brent White, a University of Arizona law professor who has preached the morality double standard that homeowners face while companies default on loans without so much as a second thought, now makes his case in a book that virtually holds homeowners’ hand through the process. He tells them what to consider when deciding whether they should stop paying the mortgage... White even walks homeowners through the math to figure out whether they’re better off staying put and or walking away. - Orlando Sentinel, December 15, 2010
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About the Author
Brent White is an Associate Professor of Law at the University of Arizona and leading expert on the mortgage crisis. His academic work has been widely-covered in the national media, including 60 Minutes, the Wall Street Journal, National Public Radio, CNN, Fox Business News, Good Morning America, and the New York Times
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Most Helpful Customer Reviews
21 of 21 people found the following review helpful
By Ashley
Format:Paperback
Like so many of our friends and family, my husband and I are underwater in our home. This book allowed us a moment of clarity to set aside our fears and thoughtfully consider our options. Underwater Home is a necessary read for any underwater homeowner wondering how to cope with such a large financial burden. The book addressed each of our concerns about foreclosure, short sale and loan modification clearly and compassionately. It also educated us on the options we have available to us, and how we might begin evaluating them. Although we have a long road ahead, what a relief to have access to trustworthy foreclosure information! If you or someone you know is in this situation, I highly recommend this book.
12 of 12 people found the following review helpful
By Steven
Format:Paperback|Amazon Verified Purchase
Approximately a year ago I read a remarkable discussion paper authored by Professor White titled Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis in which he presented a refreshing and compelling argument supporting the contention that walking away from underwater mortgages, in many cases, might be the more rational and wise course of action to take. I finished the discussion paper and thought to myself that Professor White needs to write a book on this very important and timely subject. I was delighted to discover that he recently published a book and I didn't hesitate in making the purchase.
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.
Reading suggestions: If you are not sure whether walking away from your mortgage is the appropriate thing to do, read the book through rather quickly and don't get bogged down with the details of the various options available to you. If, on the other hand, you've already decided to walk away from your mortgage but want to do it with finesse and confidence, begin reading the book with pencil and tablet handy so you can capture the key points and action items as you go.
Be prepared to receive much more value from this book than the cover price suggests.
--
Steven Wallace, Co-author - The END TIMES Hoax and the Hijacking of Our Liberty
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.
Reading suggestions: If you are not sure whether walking away from your mortgage is the appropriate thing to do, read the book through rather quickly and don't get bogged down with the details of the various options available to you. If, on the other hand, you've already decided to walk away from your mortgage but want to do it with finesse and confidence, begin reading the book with pencil and tablet handy so you can capture the key points and action items as you go.
Be prepared to receive much more value from this book than the cover price suggests.
--
Steven Wallace, Co-author - The END TIMES Hoax and the Hijacking of Our Liberty
11 of 11 people found the following review helpful
By Edward C
Format:Kindle Edition|Amazon Verified Purchase
I have just finished reading Professor White's book and found it extremely informative. He examines the plight of a homeowner who has an underwater mortgage and provides excellent advice as to the available options. More than that he helps demystify the choices you have and helps remove the emotion involved with the decision to walk away from an underwater mortgage.
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.
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
5.0 out of 5 stars
A Must Read For Underwater Homeowners
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 more
Published 3 months ago by Alayna Quinn
4.0 out of 5 stars
How to take our lumps!
Thanks for all those outrageous loans you offered to us, all you mortgage companies, just before the "housing bubble" pooped.
Published 4 months ago by Denise Wiley
5.0 out of 5 stars
A great book on a hard subject
We own a home in Nevada and this book really struck home. Very helpful to gain some knowledge and direction. Luckily we have not foreclosed! Worth a read!
Published 4 months ago by S. Coulston
5.0 out of 5 stars
Helped me disassociate the shame & guilt
of allowing my first home to go to foreclosure. If your house is underwater, you must read this book. For the longest time, I had an emotional attachment to my first house. Read more
Published 11 months ago by Lucky91XJ
5.0 out of 5 stars
Remove the Scary-ness
Underwater Home will help you look past the scare tactics and moral dilemma's we all face when trying to make the life changing decision of what to do when your house feels like an... Read more
Published 13 months ago by Luelui
5.0 out of 5 stars
Great Book. A must read for Underwater Home Owners.
I bought this book a year ago when I was looking for options on what to do with my underwater home. After being unsuccessful working with my lender for a couple of years starting... Read more
Published 15 months ago by Chris
5.0 out of 5 stars
Excellent book for anyone considering mortgage default
I am so glad I purchased this book. It gave me the basics of what I need to know regarding my intent to pursue a strategic default on my underwater mortgage. Read more
Published 18 months ago by A concerned U.S. citizen
5.0 out of 5 stars
The book lenders don't want you to read!
This book is a lifesaver.I feel such relief by learning what I need to know about the mortgage industry. Read more
Published 23 months ago by T. A. Mora
5.0 out of 5 stars
The BEST self help book ever!
If I could give Mr. White a personal hug, my husband AND I would. We have been investigating this housing crisis for a year now and were coming to the same conclusions that this... Read more
Published 24 months ago by Chandra
5.0 out of 5 stars
EXCELLENT BOOK!
My husband & I read this book and found it very helpful. We have tried other books but were a waste of money. Read more
Published on April 16, 2011 by LIVIA
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