How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances removes the complications and stress often associated with short selling a property. Using real-life success stories, Irwin explains how a short sale works and walks you through the process step by step. 208 pp.

You’ll learn how to:

• Convince lenders to engage in a short sale
• Deal with a loss mitigation committee
• Get a loan modification
• Find an agent
• Manage issues with the IRS
• Beat the deadlines that can doom a short sale
• It contains all the paperwork you’ll need to execute a short sale, along with listings of helpful outside resources.

Table of Contents:

• 1. HOW A SHORT SALE WORKS
  
• 2. HOW A SHORT SALE CAN HELP YOU
  
• 3. WILL A SHORT SALE WORK FOR YOU?
  
• 4. SELL IT YOURSELF OR USE AN AGENT?
  
• 5. PREPARING THE HOME FOR SALE
  
• 6. HOW TO GET TO YOUR LENDER
• 7. WHY NOT TRY LOAN MODIFICATION?
  
• 8. PUTTING TOGETHER THE SHORT SALE PACKAGE
  
• 9. IS THERE A REWARD FOR MISSED PAYMENTS?
  
• 10. TAX CONSEQUENCES, REPAIRS, AND BPOs
  
• 11. BEATING THE CLOCK
  
• 12. ALTERNATIVES YOU SHOULD CONSIDER
• 13. SCAMS TO AVOID
• 14. RESOURCES, HELPFUL DEFINITIONS, AND TYPES OF MORTGAGES