Foreclosure Finesse : A Complete Guide To Avoiding Foreclosure
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TABLE OF CONTENTS

Pg 5  	- INTRODUCTION:THE REAL REAL ESTATE BUSINESS
	- FORECLOSURE
	- LEGAL DISCLAIMER

Section 1

Pg 6	- TODAY’S FORECLOSURE FRENZY
Pg 7	- THE PAIN OF FORECLOSURE 
Pg 8	- THE IMPORTANCE OF SOUND HOMEBUYING STRATEGIES
	- ITEM #1: DETERMINE HOW MUCH YOU CAN AFFORD IN TERMS OF MORTGAGE
	- ITEM #2: DO SOME COMPARISON SHOPPING
Pg 9	- ITEM #3: CHOOSE YOUR HOME CAREFULLY
	- ITEM #4: MAKE A REALISTIC OFFER 
	- ITEM #5: ARRANGE FOR A HOME INSPECTION
	- BLUEPRINT FOR AVOIDING THE FORECLOSURE TRAP 
Pg 10	- SEEK PRE-APPROVAL FOR YOUR LOAN 
	- AVOID AN ADJUSTABLE-RATE MORTGAGE
	- AVOID A BALLOON LOAN 
	- KEEP YOUR CLOSING COSTS UNDER CONTROL

Section 2

Pg 12	- HOW MUCH HOME CAN YOU AFFORD?
	- CALCULATING YOUR COSTS—THE FIRST STEP TO AVOIDING FORECLOSURE
Pg 13	- SHOPPING FOR A LOAN 
	- MAKING THE RIGHT OFFER 
Pg 14	- TOP WAYS TO CUT MORTGAGE COSTS 
	- DOWN PAYMENT CONSIDERATIONS
	- THE PREPAYMENT OPTION 
Pg 15	- VARIOUS SETTLEMENT COSTS
	- TIPS FROM THE FEDERAL RESERVE

Section 3

Pg 17	- KEY CONSIDERATIONS
Pg 19	- SOURCES OF INFORMATION
Pg 21	- Foreclosure Finesse - Page 2
	- OTHER HELPFUL INFORMATION SOURCES
	- THE REFINANCING DILEMMA 
Pg 22	- AVOIDING THE RICH HOUSE, POOR BANK ACCOUNT SYNDROME 
	- GUIDE TO THE IDEAL MORTGAGE


Section 4

Pg 24	- TOP HOME SHOPPING MISTAKES

Section 5

Pg 26	- HELP FOR THOSE FACING PRE-FORECLOSURE
	- ACTIONS TO TAKE WHEN YOU CAN’T MAKE YOUR MORTGAGE PAYMENTS
	- CONTACT YOUR LENDER IMMEDIATELY
Pg 27	- WHEN YOU HAVE AN FHA LOAN 
Pg 28	- ESTABLISH A DEBT REDUCTION PLAN 
	- TRY TO MAINTAIN A SOLID CREDIT RECORD/AVOID BANKRUPTCY
Pg 29	- LOOK INTO WORKOUT SOLUTIONS TO AVOID MORTGAGE FORECLOSURE 
Pg 30	- DO SOME DEBT RECALCULATION TO STOP REAL ESTATE FORECLOSURE
Pg 31	- DISASTER RELIEF OPTIONS TO STOP FORECLOSURE
	- PREDATORY LENDING: A CAUTIONARY NOTE ON FORECLOSURE LOANS 

Section 6

Pg 34	- WHEN FORECLOSURE STRIKES
	- FORECLOSURE PROPERTIES 
	- WHEN REFINANCING IS A BAD IDEA
	- CREDIT AND EQUITY ANSWERS
	- IN THE CASE OF VA FORECLOSURE/FORECLOSURE HELP 
Pg 37	- WHEN VA FORECLOSURE MEANS OPPORTUNITY/FORECLOSURE LISTINGS 
	- RELIEF OPTIONS FOR FHA LOANS AND BANK FORECLOSURE
Pg 38	- OFFERING ALTERNATIVES TO FORECLOSURE
Pg 39	- PRESERVING GOOD CREDIT
	- IMPORTANT POINTS TO REMEMBER

Section 7

Pg 41	- FINAL TIPS WHEN FACED WITH FORECLOSURE
	- NECESSARY PRECAUTIONS 
Pg 42	- OUT-OF-POCKET EXPENSES
	- CONTACTING YOUR LENDER
Pg 44	- HELP FOR SERVICE MEMBERS
Pg 46	- HOUSING COUNSELING AGENCIES APPROVED BY HUD 
	- FACTS ABOUT REVERSE MORTGAGES 
	- Foreclosure Finesse - Page 3

Pg 49	- HELPFUL BOOKS 
Pg 52	- HELPFUL DVDS AND VIDEOS 
Pg 52	- HELPFUL WEBSITES

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