Articles About Finance And Refinancing

New Book Launched To Help Distressed Homeowners Understand Options and New Mortgage Law

San Diego, CA (PRWEB) August 6, 2008 -- Real Estate experts Rachel LaMar and Cheryl Holmes launch their new book, Mortgage Walkaway Options, (www.MortgageWalkawayOptions.com) just in time to helped homeowners make sense of their options, including the ins and outs of the law.

President Bush signed new legislation Wednesday aimed at rescuing the housing market. Millions across the country could be helped this new Federal Housing Administration plan designed to help distressed homeowners, stabilize the housing market, and mortgage financers like Fannie Mae and Freddie Mac. Among other measures, the law allows homeowners who cannot afford their monthly payments to refinance into government-backed fixed-rate mortgages. Yet as persistent housing woes slow the economy, some say that the housing package is too little too late, and that already strapped and stressed consumers may become more confused by the law. For $19.95, Mortgage Walkaway Options takes confusion out of the mortgage mess equation.

"Given how poor housing markets are right now it's really important that policy makers step in. We also felt it was important to give consumers an easy to follow book and website where they can sort through all of the options available to them and educate themselves on how this new law may be able to help them." said Rachel LaMar.

Rachel LaMar and Cheryl Holmes have over 45 years of combined experience in the fields of real estate, real estate law, legal research and writing. Their goal: Empower homeowners to take action, get educated about their options and move beyond the difficult time they are facing. They say the top five things homeowners need to think about or consider before walking away are:

1. Know all your choices/all possible available options

2. Credit implications of walking away vs. other option

3. Possible tax consequences of any option

4. Resources available to help make or implement smart choices

5. Emotional or moral impact

Rachel and Cheryl present the most comprehensive, researched and gathered information in one place. This information is becoming more relevant daily as new lender programs and government legislation make their way to the surface. With constant updates on new legislation, resources and lender programs and for book purchasers on a link provided at the end of the book, consumers can continue to monitor the choices and make the best ones possible for their particular situations.

For more information visit www.MortgageWalkawayOptions.com.

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