Table of Contents
This eBook is the best education on the entire subject of foreclosure that you can get in one quick gulp. It was designed for the lay person who needs to understand the complex nature of foreclosure and strategies to deal with the many areas that foreclosure will affect your life. Take a peek at what you'll get inside:
YOU'RE FACING FORECLOSURE, BUT NOW THERE'S HELP	4
OUR STORY	11
WHAT IS FORECLOSURE?	18
REASONS FOR FORECLOSURE	22
WHY BURYING YOUR HEAD IN THE SAND IS NOT A GOOD STRATEGY	25
MORTGAGES (LOANS) EXPLAINED	30
Why Some Loans Lead to Foreclosure	30
Subprime Lending	30
Types of Mortgages & what you really need to know about the numbers	34
WHAT, EXACTLY, IS YOUR SITUATION?	44
Problem/Solution Flowchart	45
Financial Balance Sheet (Income vs. Expenses)	47
COUPLES IN CRISIS	49
FORECLOSURE MITIGATION	51
ALTERNATIVES TO FORECLOSURE OVERVIEW	58
ALTERNATIVES WHEN YOU CAN AFFORD TO KEEP YOUR LOAN	60
ALTERNATIVES WHEN YOU CANNOT AFFORD TO KEEP YOUR LOAN	71
IMPLICATIONS OF FORECLOSURE	101
Legal Implications	101
Tax Implications	105
Reporting and filing taxes on short sale or foreclosure	107
Proving insolvancy after short sale or foreclosure	111
Financial Implications	113
Morgage industry implications and what it means to you	114
Credit and Everyday Life Implications	115
RECOGNIZING & AVOIDING FORECLOSURE SCAMS	120
BUILDING YOUR TEAM	124
ABOUT OUR TEAM	127
FORECLOSURE-RELATED LEGISLATION & FORMS	143
Mortgage Foregiveness Debt Relief Act	143
Hope for Homeowners Act	145
Who qualifies for mortgage help and how to get it	146
FHA Secure	147
Hope Now	148
REBUILD YOUR CREDIT	149
REBUILD YOUR LIFE	158
REAL STORIES OF FORECLOSURE SURVIVAL	161
GLOSSARY OF TERMS	168