Loaded with practical advice on stopping a threatened foreclosure, this revised edition now details the Obama administration"s "Making Home Affordable" program and other new loan modification initiatives. The volume also provides basic steps to obtain a workout, tailored for six different types of mortgages:• Fannie Mae and Freddie Mac; • Subprime; • FHA-insured; • VA and Rural Housing Service. Special chapters cover the mechanics of arranging a workout and "fourteen steps to foreclosure prevention." The book also includes:• Homeowner strategies for reducing and prioritizing debt; • Dealing with loan overcharges and servicing errors; • Legal protections against foreclosure; • Answering questions about bankruptcy; • Homeowner options after the foreclosure sale; • Summaries of each state"s foreclosure and real estate tax abatement laws.