Underwater home
Subtitle: what should you do if you owe more on your home than it's worth?
By: Brent T. White
Publisher: [CreateSpace]
Published: 2010
Place of publication: [Charleston, SC]
Language: eng
Number of pages: 168
ISBN-13: 9781456365707
Subjects: Home ownership; Foreclosure; Subprime mortgage loans; Housing; Mortgage loans; Interest rates; Residential real estate; Prices; Financial crises; Real property; Global Financial Crisis, 2008-2009; Valuation; Economic aspects
Other titles: Under water home :
Description: "An emotional and practical guide for the underwater homeowner ... explains when it makes financial sense to stay in your underwater home and when it makes sense to get out ... explains your options and gives you the facts that will empower you to make the best decision for your family, free from guilt and fear, and with clarity, confidence, and peace of mind"--Page 4 of cover.
Notes: Includes bibliographical references (pages 152-168).
Table of contents: title: Introduction; title: The moral dimensions : Guilt and shame ; Mortgages are just contracts ; Keeping promises ; Obligations to society and neighbors ; The moral double standard; title: Practical worries : Anxiety about foreclosure ; Fear of being pursued by your lender ; Concern for credit score ; Worry about tax consequences; title: Financial dimensions : Are you underwater, and by how much? ; Are you paying too much for a place to live? ; Do you need to move? ; The costs of doing nothing ; The cost of defaulting ; Summing it up; title: Weighing your options : Short-sale ; Voluntary foreclosure ; Loan modification ; Buying and bailing ; Choosing to stay ; Summary of options; title: Conclusion.