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For practicing attorneys, I highly recommend both the National Consumer Law Center’s (NCLC’s) foreclosure guide which includes great information on foreclosure defense, relevant Federal regulations, and the loan modification process. Rebecca Taylor’s “Foreclosure Defense” from the American Bar Association is another great read, and with both guides you should be on your way to successfully defending any foreclosure complaint the Bank can throw your way.
If you are a homeowner, I recommend getting NOLO’s Foreclosure Survival Guide to give you the basics and so you can effectively evaluate an attorney’s knowledge when it comes time for you to get legal representation.
If you are looking to short sell your property, speak with a realtor to better understand the process and get started.