Underwater Options When Your Mortgage Is Upside Down
Just about every month, housing values in the U.S. fall. That, in turn, increases the number of people who owe more on their houses than they are worth—either trapping them in homes they may no longer want or putting them in danger of financial catastrophe if they lose a job or are otherwise unable...
| Autor principal: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Berkeley, CA :
Apress
2013.
|
| Edición: | 1st ed. 2013. |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009466434006719 |
Tabla de Contenidos:
- ""Contents""; ""About the Author""; ""Acknowledgments""; ""Preface""; ""Hope on the Way""; ""Underwater Homes and Upside-Down Mortgages""; ""Mary in California""; ""Robert in New Jersey""; ""Lisa and Andy in Delaware""; ""Options for Underwater Homeowners""; ""The Real Estate Market and the Underwater Mortgage""; ""The Real Estate Crash""; ""When Did the Bubble Burst?""; ""Housing Market Crisis""; ""Housing Valuation""; ""Who Is to Blame for the Crash?""; ""Greenspan Was Not Alone""; ""Conclusion""; ""How Bad Is the Underwater Problem?""; ""Survey Results""
- ""22 Percent of Borrowers Underwater with 689 Billion in Negative Equity""""Data Highlights of 2012 CoreLogic Study""; ""A Foreclosure Crisis""; ""Conclusion""; ""Expert Advice on Your Underwater Mortgage""; ""Advice from an Underwater Homeowner""; ""Equity Frustration""; ""Mortgages Change Hands""; ""Trapped in an ARM""; ""Alternatives to an Appraisal""; ""Many Wait for Real Estate Market to Rise""; ""Five Strategic Steps for Underwater Homeowners""; ""Staying Financially Sound and Secure""; ""Conclusion""; ""Advice from a Real Estate Attorney""
- ""You�re Under Water: When to Contact a Real Estate Attorney""""Loan Modification""; ""Beware of Unscrupulous Loan Modification Companies!""; ""Short Sale""; ""Foreclosure: Strategic Default""; ""Shop Locally""; ""HARP: Better Than a Strategic Default""; ""Mortgage Brokers Can Help with HARP""; ""Options for Homeowners""; ""1. Refinance""; ""2. Modify Your Loan""; ""Complicated Maze of Paperwork""; ""There May Be Hope on the Horizon""; ""Pay off Your Mortgage Insurance""; ""3. Go For a Short Sale""; ""A Hit to Your Credit""; ""FICO Score Impacts""; ""Deficiency Judgment""
- ""Wait to Declare Bankruptcy""""4. Deed in Lieu of Foreclosure""; ""5. Foreclosure""; ""Be Strategic""; ""6. Bankruptcy""; ""What to Do If You Are Considering Bankruptcy""; ""Questions in a Bankruptcy Case""; ""7. Stay Put""; ""Stick with the Plan""; ""Long-Term Investing""; ""“It�s Not the End of the World�""; ""Conclusion""; ""Advice from a Real Estate Agent""; ""First Step: Pay a Visit to a Real Estate Agent""; ""Option 1: Modify Your Loan""; ""Are Loan Modifications Difficult to Get?""; ""The Making Home Affordable Program""; ""Option 2: Short Sale""
- ""Do Lenders Waive Deficiencies?""""Option 3: Deed in Lieu of Foreclosure""; ""Who Qualifies for Deed in Lieu?""; ""Be Patient!""; ""Consider Renting Back""; ""Option 4: Foreclosure""; ""Banks Do Not Want to Foreclose""; ""Are You Under Water, Too?""; ""You Must Transfer Ownership to the Lender""; ""Conclusion""; ""Advice from a Mortgage Broker""; ""Regaining a Foothold""; ""Back to the Past""; ""Writing on the Wall""; ""What Is a Subprime Loan?""; ""The Trouble with Stated Income Loans""; ""Plenty of Blame to Go Around""; ""Underwater Home Owners and HARP""
- ""Fannie Mae and Freddie Mac Hurdles""
