How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
Prevent foreclosure by using the Short Sale process as described in this text
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