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New Book Offers Distressed Homeowners Advice for Avoiding Foreclosure Scams – Published in partnership with the National Association of Hispanic Real Estate Professionals (NAHREP)

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“The American Nightmare is a new by veteran housing counselors Sylvia Alvarez and Walter Walker Jr. that offers distressed homeowners tips and strategies that can help them avoid, survive and overcome . Published in partnership with the National Association of Hispanic Real Estate Professionals (NAHREP), free downloadable excerpts of The American Nightmare are available in English and Spanish at www.NAHREP.org and include pointers that will help desperate homeowners from becoming the target of short sale and scams.

A link is also provided to purchase the (foreclosuretheamericannightmare.net/index.aspx) for $14.95.

Unsuspecting homeowners that are frantic for a quick fix to avoid are becoming the victims of scams that promise to save them from the loss of their homes. Many are paying thousands to thieves disguised as well meaning professionals that offer to repay their mortgage in exchange for the transfer of their deeds. The authors were inspired to write the after being deluged at the housing agency where they work by people who have fallen prey to these mortgage scams and others. In addition to practical advice about how to avoid , negotiate loan modifications or short sales and more, the educates readers about the clever ways predators are bilking consumers.

FREE downloadable excerpts (www.nahrep.org/american_nightmare/foreclosure-options.html) of the offer homeowners information about:

- Common predatory lending scams (www.nahrep.org/american_nightmare/foreclosure-scams.html)

- 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 options that homeowners can pursue if they are already in mortgage default (www.nahrep.org/american_nightmare/mortgage-default.html).

“Too many panicked homeowners that are looking for ways to save their homes are falling prey to unscrupulous people and scams,” said Rebecca Gallardo-Serrano, Chairman of NAHREP. “Knowledge is power. The American Nightmare offers homeowners important information about the types of scams out there and how they can protect themselves from predators.”

The National Association of Hispanic Real Estate Professionals, a non-profit 501c6 trade association, is dedicated to increasing the homeownership rate among Latinos by educating and empowering the real estate professionals that serve them. Based in Washington D.C., NAHREP is the premier trade organization for Hispanics and has more than 15,500 members in 48 states and 62 affiliate chapters.”

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