Edward J. Longstreth, Author of 'The Joy in Wealth,' Claims Foreclosure Is Still Sweeping The Nation

ARROYO GRANDE, Calif., March 27, 2012 /PRNewswire/ -- Edward J. Longstreth, author of "The Joy in Wealth," maintains that many homeowners are still attempting to avoid Foreclosure and dig their way out of negative equity. He claims there are severe risks to sellers and pre-foreclosure Investors, even after a home has been sold through a Short-sale. In addition, professionals often neglect to notify clients of their risk during a purchase, refinance, Loan Modification, foreclosure, or short-sale. Banks are suing sellers for deficiency judgments months and years later, while sellers believe they are free and clear of any liabilities. Longstreth has found ways to reduce these risks along with sources and strategies to come out on top of the financial crisis facing our nation.

With the metronome of real estate ticking to multiple beats and the stock market in chaos, it is no wonder people are utterly terrified of what to do next. Longstreth tells of personal experiences while offering risk reduction tactics concerning foreclosure, bankruptcy, loan modification, partnerships, contracts, starting and selling businesses, franchises, and insurance. "The Joy in Wealth" gives readers a chance to realize their risks while finding answers that they need. Longstreth also explains how to negotiate with banks and credit card companies by understanding their legal limitations. With home prices dropping by 50% or more, it is sad to see so many failed loan modifications and short-sales that could have been avoided. The good news is that there is help, with more coming everyday!

About Edward J. Longstreth:
Mr. Longstreth presently resides in Arroyo Grande, California with his wife Cindy and their three children. Cindy and Ed own and operate a multi-line insurance agency that continues to thrive after 14 years of business. As an avid reader of hundreds of business books and a pupil of several real estate gurus, Ed has experienced many investment successes and pitfalls. He is now sharing truths behind the surprising world of business and real estate investing, from building wealth to losing it all. Along with buying, selling, and rehabbing many homes, Ed has been licensed in multiple professions including: Mortgage Broker, Real Estate Sales Person, Life, Health, Property, and Casualty Insurance Agent, Long-term Care, and Annuities.

SOURCE Edward Longstreth