I read this book in on a deployment in Afghanistan. It came out of a MWR, and it had no cover, and most of the binding was ripped. The only surviving identifier was part of the title off the spine, which was 'Legacy (of, possibly)...' which I think was the first word. I'm guessing that it came out within the last 5-10 years, but without any title page, and a few other pages missing, I'm guessing since at least LOTR: FOTR came out (because it was a decent knock-off of the movie, not the book).
The story was about an Elf trader who is initially attacked and chased by Kobolds, only to be saved by a militia of Elves, in which the secondary protagonist is a swordsman of considerable skill. The kobolds want the trader because of his heritage; he is linked to an order of (human) knights who defied some deathlord necromancer who tried taking over the world some time before. The party eventually includes two dwarven brothers (one armed with a warhammer), a human thief (who is later bitten by a vampire), a female mage, a human prince/knight lancer, and another older male mage. They quest for some pretty important artifacts, the only one I really remember was some type of healing water from a pool that was heavily guarded by elven guards. There is a Three race council, which kobolds have an ambassador to, and the human ambassador ends up becoming a death knight after torturing and murdering his wife at some evil city. Throw in a mass zombie army, some betrayal, fantastic warriors and weapons, and some ghosts, and that's were the details I remember end.
Since I didn't know the author, I wanted to reread the book, and see if he/she had written any others.