{"product_id":"how-to-sell-a-house-when-its-worth-less-than-the-mortgage-isbn-9780470418611","title":"How to Sell a House When It's Worth Less Than the Mortgage","description":"Due to the wave of refinancing in recent years, and the fall in home values, in 2009 about 12 million homeowners and investors will be \"underwater\"--owing more than their property is worth. This book explains all the options for these homeowners who are trapped with houses they want to get free from, people whose property value has dropped so low that they can't sell the property, people whose mortgage payment has adjusted and now they can't afford the property. In addition to offering advice on subject to's, rentals, leases, loan modifications and more...the book will teach America how to short sale their own home. \u003cp\u003eDownloadable Forms vii\u003c\/p\u003e \u003cp\u003eIntroduction ix\u003c\/p\u003e \u003cp\u003eHow Did So Many of Us End Up with Underwater Houses ix\u003c\/p\u003e \u003cp\u003eWhat Happened to Real Estate Prices? x\u003c\/p\u003e \u003cp\u003eEasy Money Home Loans xiii\u003c\/p\u003e \u003cp\u003eWhen Lending Guidelines\u003c\/p\u003e \u003cp\u003eLoosened—The Beginning of Our Current Problems xvii\u003c\/p\u003e \u003cp\u003eMeet the Authors xix\u003c\/p\u003e \u003cp\u003eAcknowledgments xxii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eOptions For “Underwater” Property Owners\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Is Your Home Worth Less Than the Mortgage? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Estimate the Value of Your Home 4\u003c\/p\u003e \u003cp\u003eWhat Banks Want 6\u003c\/p\u003e \u003cp\u003eIntroduction to a Short Sale 7\u003c\/p\u003e \u003cp\u003eOther Options for Underwater Homeowners 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 What Happens If I Walk Away from My Property? 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStop Making Payments, Move Out, Let the Bank Foreclose 11\u003c\/p\u003e \u003cp\u003eDeed in Lieu of Foreclosure 13\u003c\/p\u003e \u003cp\u003eHow to Protect Yourself 14\u003c\/p\u003e \u003cp\u003eYour Losses Don’t Stop with Foreclosure 15\u003c\/p\u003e \u003cp\u003eMortgage Forgiveness Debt Relief Act 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 If You Are in Financial Trouble, Deal with Your Emotions First! 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Typical Mindset of People in Distress 25\u003c\/p\u003e \u003cp\u003eHow It Feels to Be Trapped 31\u003c\/p\u003e \u003cp\u003ePutting Your Pride Aside—The First Step to a New Life 34\u003c\/p\u003e \u003cp\u003eHow to Get Free from Your Property and Get on with Your Life 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Aggressive First Steps to Get the Highest Possible Price 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTry to Sell the Property Yourself before Calling a Real Estate Agent 39\u003c\/p\u003e \u003cp\u003eUsing a Real Estate Agent 41\u003c\/p\u003e \u003cp\u003eWhat If My House Is Underwater but the Payments Aren’t Late? 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Try a Loan Modification: Negotiating a Lower Monthly\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePayment with Your Lender 47\u003c\/p\u003e \u003cp\u003eLoan Modification 48\u003c\/p\u003e \u003cp\u003eForbearance Agreement 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Government Programs and Mortgage Relief Organizations 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMortgage Relief 58\u003c\/p\u003e \u003cp\u003eFinancial Relief 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eShort Sales: How To Sell A House When It’s Worth Less Than You Owe\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Short Sale Solution 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen a Short Sale Won’t Work 67\u003c\/p\u003e \u003cp\u003eShort Sale Requirements 68\u003c\/p\u003e \u003cp\u003eShort Sales for Investment Properties 71\u003c\/p\u003e \u003cp\u003eHow to Approach Your Bank 73\u003c\/p\u003e \u003cp\u003eHow to Ace the Broker’s Price Opinion 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 How to Put Together Your Own Short Sale Package 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRequirements for Financially Distressed Homeowners 81\u003c\/p\u003e \u003cp\u003eRequirements for Solvent Homeowners 84\u003c\/p\u003e \u003cp\u003ePutting the Package Together 85\u003c\/p\u003e \u003cp\u003eSample Contract for Sale and Purchase 85\u003c\/p\u003e \u003cp\u003eSample Comparable Sales 86\u003c\/p\u003e \u003cp\u003eSample Pictures of Disrepair 86\u003c\/p\u003e \u003cp\u003eSample Net Sheet 87\u003c\/p\u003e \u003cp\u003eSample Investor Letter 87\u003c\/p\u003e \u003cp\u003eSample Repair List 87\u003c\/p\u003e \u003cp\u003eMaking Sure Your Package Is Complete 88\u003c\/p\u003e \u003cp\u003eSample Short Sale Package 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 How to Work with an Ethical Investor to Short Sale a Property 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Should an Investor Do for Me? 106\u003c\/p\u003e \u003cp\u003eHow to Negotiate with Investors 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Closing Any Deal—What You Need to Get in Writing 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGet Everything in Writing from the Bank, Investor, or Real Estate Agent 124\u003c\/p\u003e \u003cp\u003eWhat to Expect from the Closing Agent 126\u003c\/p\u003e \u003cp\u003eCheck Your Credit after the Deal Is Done 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eOther Options And Issues For Underwater Homeowners\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 If Nothing Else Works, Consider\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBankruptcy 133\u003c\/p\u003e \u003cp\u003eBankruptcy—How to Buy Time 135\u003c\/p\u003e \u003cp\u003eWill Bankruptcy Help or Hurt My Credit? 138\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Temporarily Renting Your Home 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSection 8 Program 160\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Don’t Go Broke Trying to Save Your House 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDon’t Go Broke 166\u003c\/p\u003e \u003cp\u003eLiving with Negative Cash Flow 168\u003c\/p\u003e \u003cp\u003eLiving with the Emotional Stress 172\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 How to Rebuild Your Credit 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCredit Repair Services 176\u003c\/p\u003e \u003cp\u003eSteps to Rebuilding Your Credit 181\u003c\/p\u003e \u003cp\u003eFormula for Paying Off Credit Cards 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Is There Life after Financial Disaster? 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Do I Avoid Disaster Again? 188\u003c\/p\u003e \u003cp\u003eWill I Be Able to Invest Again? 190\u003c\/p\u003e \u003cp\u003eSharing Your Experience with Other\u003c\/p\u003e \u003cp\u003eDistressed Homeowners 192\u003c\/p\u003e \u003cp\u003eConsider Becoming a Real Estate Investor 193\u003c\/p\u003e \u003cp\u003eIndex 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDWAN BENT-TWYFORD,\u003c\/b\u003e “The Queen of Short Sales,” is the country’s leading authority on buying and selling “underwater” properties. She runs popular boot camps for real estate investors and is a sought-after public speaker on real estate investing. She is also the coauthor of \u003ci\u003eShort-Sale Pre-Foreclosure Investing\u003c\/i\u003e, from Wiley.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBILL TWYFORD \u003c\/b\u003eis a successful real estate investor, speaker, author, motivator, and teacher.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSmart Options for Homeowners Who Owe More on Their Mortgage Than Their Property Is Worth\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe crash in housing prices and other economic forces have left millions of property owners “underwater”—owing more on their mortgage than their property is worth. If you’re one of them, trapped in a home you can’t sell and pressured by mortgage payments, the situation can feel hopeless. \u003c\/p\u003e\u003cp\u003eBut you \u003ci\u003edo\u003c\/i\u003e have options. And giving up is \u003ci\u003enot\u003c\/i\u003e one of them. Whether you’re a homeowner or an investor, there are ways to get out of this mess before it bankrupts you. The first step is to arm yourself with full knowledge of all the alternatives available to you. You may be able to renegotiate loan terms with your bank, or short sell your home, or even rent the property out—just don’t wait until it’s too late. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eHow to Sell a House When It’s Worth Less Than the Mortgage\u003c\/i\u003e explains all of your options, helps you pick the best one for your situation, and shows you how to get it done step by step. Inside, you’ll discover the ins and outs of: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eEstimating the real market value of your home\u003c\/li\u003e \u003cli\u003eUnderstanding mortgage forgiveness and debt relief legislation\u003c\/li\u003e \u003cli\u003ePutting together a short sale package to convince your lender to write down your mortgage\u003c\/li\u003e \u003cli\u003eFinding a buyer yourself or using an agent\u003c\/li\u003e \u003cli\u003eNegotiating new loan terms with the bank\u003c\/li\u003e \u003cli\u003eTapping into government aid programs\u003c\/li\u003e \u003cli\u003eSurviving bankruptcy or foreclosure as a last resort\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989383332069,"sku":"NP9780470418611","price":19.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470418611.jpg?v=1761783898","url":"https:\/\/k12savings.com\/es\/products\/how-to-sell-a-house-when-its-worth-less-than-the-mortgage-isbn-9780470418611","provider":"K12savings","version":"1.0","type":"link"}