 | |
 View Larger |
Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders By Chantal Howell CareyBill Carey ( Wiley )
Release Date: 2006-04-07
Average Customer Rating:
List Price: $29.95
Price: $19.77
Eligible for FREE Super Saver Shipping on orders over $25.
Availability: Usually ships in 24 hours
|  Add to Cart |
|
|
Product Description
MAKE MONEY IN SHORT-SALE FORECLOSURES
Foreclosures are the most profitable way to invest in real estate. But most real estate books on foreclosures don't tell you how to invest in short-sale foreclosures--properties with even more profit potential than regular foreclosures. A short-sale foreclosure is a lender accepting a loan payoff for less than the amount owed. This comprehensive new guide from renowned real estate authors Chantal and Bill Carey covers all the ins and outs of short-sale foreclosure investing, from finding properties to negotiating with lenders, to closing the deal and making a bundle. Inside you'll find all the information you need to succeed:
* Finding great short-sale foreclosure deals
* Dealing with owners in financial distress
* When to buy short-sale foreclosures
* Creating equity in foreclosure properties
* Writing successful short-sale offers
* FHA, VA, and private mortgage insurance short-sales
* Purchasing short-sale properties at auction
* Understanding escrow, closing, and title insurance
* Flipping short-sale properties
|
|
 Ok, title is a tiny bit misleading.....
I am completely thrilled with this book, it is easy to read, not super technical, and it's fun yet concise teaching style gets you pumped up about making profits in a very little explored area of real estate finance, pre-foreclosure investing. There are several examples in each chapter giving approximate dollar figures in several hypothetical scenarios, with several different strategies. These figures are a great visual aid in learning how to make profits, and even how to create equity in situations where the buyer has none to buy! The authors walk you through each step of the deal, how to deal with various other types of liens and mortgages, and there are a few sample contracts and agreements. I agree the title is a bit misleading, because it is always necessary to negotiate a sales contract with both the lender and homeowner in case of a short-sale deal, but don't let that deter you, because in these cases, seller and lender will be extremely motivated! What they teach you here will allow you to vaporize the competition, they will walk away, you will be left with the best deal, everybody's happy.
|
 Boy one, get them all at the same time
I have bought a ton of books on foreclosures, and top be honest, there are all pretty much the same - vith variations. Short sales are not as easy as they say they are. I would put my money into a book that encompassed all facets of property foreclosure. Probably be better value.
|
Slightly helpful - Maybe ( spota125 )
The book has a couple good points, and is probably benefical to a novice pre-foreclosure investor, but is not worth the time or money of any pre-foreclosure investor thats ever closed a deal before. Most of the examples in the book 'window dressed' profits on deals by not listing all expenses involved.
|
 Solid information
I found this book pretty good.... It definitely spelled out all the details of short sales.... I think for property investors trying to understand exactly what is involved with short sale purchases this book is perfect. The book was written at a level that I enjoyed....not overly complicated.
|
 Review ( rebeccamckenzie3 )
I was extemely disappointed in this book. In the title ........How to Bypass Owners and Buy Directly from Lenders....Yet on page 93 you learn that this is NOT possible as you must have the owners permission prior to ever contacting their lender. I found the title misleading as to the content.
|
|
|
