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Foreclosure Nation: Mortgaging the American Dream | 
 enlarge | Author: Shari B. Olefson
Publisher: Prometheus Books
Category: Book
List Price: $18.98
Buy Used: $2.23
You Save: $16.75 (88%)
New (26) Used (23) from $2.23
Rating:  8 reviews
Media: Paperback
Pages: 514
Number Of Items: 1
Shipping Weight (lbs): 1.5
Dimensions (in): 8.8 x 5.9 x 1.4
ISBN: 1591026636
Dewey Decimal Number: 332.720973
EAN: 9781591026631
Publication Date: March 24, 2009
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9781591026631 | | • | Condition: USED - Very Good | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
foreclosurenationthebook.com
The family residence is the backbone of the American economy, the most valuable and enduring asset for those who have achieved a financial foothold. Yet today record numbers of households confront foreclosure. In the next year it is estimated that over two million Americans will lose their homes and almost two billion dollars of wealth will disappear in the process. How did the traditional "American Dream" morph into a nightmare for so many? Real estate attorney and educator Shari B. Olefson, a recognized expert in the current mortgage crisis and its effects on homeowners, explains how America slipped to the edge of this dangerous stagnation-recession precipice. In plain language that is easily understandable to the average person, she clarifies legal and financial terminology and describes how our country's mortgage system really works. Utilizing real-life lender and borrower interviews, she exposes its intrinsic flaws and often discriminatory practices, from the mortgage application process to the securitization of bundled mortgages by large investment firms. She also provides evidence to show the government's and Wall Street's roles in both causing and solving the problem. Above all, Olefson offers expert tips, tools, and resources to help you: -Choose a mortgage professional and understand what's motivating him or her -Decide what mortgage product fits best and when to refinance -Get the best fees, interest rate, and service
-Create your own solutions for navigating the credit crunch -Know what to do when you can't afford your mortgage -Protect your home if you are at risk of foreclosure -Understand how to proceed if you are already in foreclosure -Capitalize on emerging opportunities and avoid the scams and mortgage fraud
-Prepare for coming changes
Foreclosure Nation demystifies the real estate bubble and the subprime mortgage crises that followed. With bold, clear visuals like inventory, absorption, and price trend graphs, Olefson pinpoints exactly when and why experts are predicting a recovery. She also cites statistics that strongly suggest the number of foreclosures will surge in the fall of 2008 and again in 2009, with increased reverberations felt throughout the US and global economies. Foreclosure Nation will prove indispensable to explaining what is happening and guiding readers through. Whether you are planning on buying your first home, struggling to meet your current mortgage payments, facing foreclosure, or wondering how your investments will be affected, this comprehensive book will assuage the fear of the unknown, empowering you to make wise choices and protect your most valuable assets.
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| Customer Reviews:
Showing reviews 1-5 of 8
It is so true - We are a Foreclosure Nation August 14, 2009
Mariusz Skonieczny (ClassicValueInvestors . com)
2 out of 2 found this review helpful
This is a very detailed book, but readers will feel like experts after reading it. The author talks about how our society has grown accustomed to credit. Because people wanted things that they could not afford, they started using credit cards. Then, they used more credit to finance the American dream of home ownership. As more people were able to qualify, this created more demand, which pushed home prices up. As home prices kept going up, people refinanced frequently to use homes as personal ATMs. The mortgage business was booming with the help of Wall Street's invention of mortgage-backed securities.
There is not one person or group of people to blame for the crisis. We are all to blame: homeowners, mortgage brokers, Walls Street firms, and rating agencies. Besides an analysis of how we got where we are, the author offers some solutions and predictions about what the future holds. I don't think readers can find a more comprehensive book on the subject. I highly recommend it.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Any general lending library will find it a winner June 11, 2009
Midwest Book Review (Oregon, WI USA)
5 out of 5 found this review helpful
Real estate attorney and educator Shari Olefson is an expert in the current mortgage crisis and its effects on homeowners, and here explains legal and financial terminology and how the national mortgage system works. From choosing a mortgage professional and deciding which product fits to getting the best fees and services, it's a fine collection of real-life stories from frustrated lenders, distressed borrowers, and others caught in the mortgage crunch. Any general lending library will find it a winner.
A must read May 18, 2009
law dog
5 out of 5 found this review helpful
Wow! It's rare to find a book that is so topical and so detailed. If you want a better understanding of the current foreclosure crisis, get this book. If you want help understanding how the mortgage and foreclosure processes work in general, get this book. Olefson has laid it all out in the most understandable format. I don't know how she did that in such a timely fashion--impressive.
Very informative and timely April 16, 2009
Fred David (Florida)
5 out of 5 found this review helpful
Just read Foreclosure and want to highly recommend it to anyone wanting to have some clear understanding of the reasons for the real estate meltdown and how to handle financing issues going forward. Very practical, useful and insightful. A real handbook for the times.
The Best Book Ever On The Foreclosure Crisis April 15, 2009
Michael O. Schwager (Ft. Lauderdale, FL)
4 out of 4 found this review helpful
Shari Olefson has hit the ball out of the ballpark! "Foreclosure Nation: Mortgaging the American Dream" is a masterpiece. Ms. Olefson, a renowned South Florida commercial real estate attorney/mediator and partner at Fowler White Boggs in Ft. Lauderdale, has written a book filled with erudition. Great value here for homeowners in crisis, the media, the legal profession, legislators and even, yes, the Obama White House! Cudos, Ms. Olefson, on an indispensable addition to every thoughtful person's library.
Showing reviews 1-5 of 8
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