Washington, D.C. (PRWEB) September 17, 2008
The American Nightmare is a new book by veteran housing counselors Sylvia Alvarez and Walter Walker Jr. that offers distressed home owners ideas and approaches that can support them steer clear of, survive and overcome foreclosure. Published in partnership with the National Association of Hispanic Actual Estate Experts (NAHREP), cost-free downloadable excerpts of The American Nightmare are available in English and Spanish at http://www.NAHREP.org and contain pointers that will aid desperate property owners from becoming the target of short sale and foreclosure scams.

A hyperlink is also offered to acquire the book for $ 14.95.

Unsuspecting homeowners that are frantic for a rapid repair to steer clear of foreclosure are becoming the victims of foreclosure scams that promise to save them from the loss of their residences. Numerous are paying thousands to thieves disguised as properly which means professionals that offer to repay their mortgage in exchange for the transfer of their deeds. The authors have been inspired to create the book following getting deluged at the housing agency exactly where they work by individuals who have fallen prey to these mortgage scams and other people. In addition to sensible tips about how to stay away from foreclosure, negotiate loan modifications or short sales and far more, the book educates readers about the clever methods predators are bilking buyers.

Free of charge downloadable excerpts of the book offer you homeowners data about:

Common predatory lending scams
Short sale and “flip for profit” scams
Equity skimming scams that leave homeowners with more debt and no house
Phony counseling agencies
How to file a complaint and report mortgage fraud
Plus alternatives that homeowners can pursue if they are currently in mortgage default.
“As well several panicked homeowners that are looking for approaches to save their residences are falling prey to unscrupulous men and women and foreclosure scams,” mentioned Rebecca Gallardo-Serrano, Chairman of NAHREP. “Understanding is power. The American Nightmare gives property owners essential data about the varieties of scams out there and how they can safeguard themselves from predators.”

The National Association of Hispanic Genuine Estate Specialists, a non-profit 501c6 trade association, is dedicated to rising the homeownership price amongst Latinos by educating and empowering the actual estate specialists that serve them. Based in Washington D.C., NAHREP is the premier trade organization for Hispanics and has a lot more than 15,500 members in 48 states and 62 affiliate chapters.

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