by Bobbi Dempsey, Todd Beitler
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| List Price: | $19.95 |
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Product Description
One person's loss is another person's gain.
This invaluable guide explains everything readers need to know about finding and financing foreclosed and soon-to-be foreclosed residential properties with the highest potential return. Completely updated, this new edition reflects recent changes in the way banks and the government dispose of foreclosed properties, covers new laws, and advises how to steer clear of scams.
• First edition sold more than 30,000 copies in a year and a half
• The national residential foreclosure rate rose to from .75% to 1.16% (of all mortgages) by the end of 2006-the biggest jump in 30 years
• Foreclosures are expected to continue to increase as interest rates rise and monthly payments on short-term variable rate and interest-only loans make homes unaffordable
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Average Customer Review:
1 of 1 people found the following review helpful:
Good guide to foreclosure investing, 2009-08-27
With the foreclosure rate at the highest level in decades, it might not be a bad time to invest in foreclosures. This book provides basic as well as more advanced information about how to invest in foreclosures, what the foreclosure process is, how lenders view foreclosures, and how to find great opportunities. I liked the author's explanation of why foreclosures occur. Some of you might think that it is because someone loses of a job, but the author lists other reasons such as divorce, health problems, relocation, the economy, and overwhelmed landlords.
There is a separate chapter on how to find foreclosed properties. When I was involved in foreclosures, I found that knocking on doors was the best way to get leads. I would get a list from the courthouse of people who fell behind in payments and the next day I would visit these homeowners. I was always the first one to contact them because other investors use passive methods such as direct mail or newspaper ads. Who reads newspapers these days anyway? Besides, if you cannot afford your mortgage payment, you probably don't have your newspaper subscription anymore.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
1 of 1 people found the following review helpful:
Very important tool in today's market, 2009-01-08
If you're thinking about buying real estate, this is an excellent book to get. Full of information and online resources as well.
8 of 10 people found the following review helpful:
CID Guide to Buying Foreclosures, 2007-05-06
Sunday, May 6, 2007
For a newbie, this is an excellent introduction. It shows you the way to proceed, if you're serious about trying. For the price, it is a bargin and should be kept as a reference. If you're like me, a yellow lighter can be quite helpfull. Well worth the price when you consider the large sums of money that can be involved.
4 of 7 people found the following review helpful:
 Very Insightful, 2007-03-09
This is a very informative book. It doesn't mess around with a lot of fluff. I highly recomend it!
12 of 0 people found the following review helpful:
Provides solid information worthy of the Complete Idiot Guide series, 2007-01-22
I've always enjoyed the Complete Idiot Guide series. Why? Because it delivers the message down to earth. It takes highly complexed legal matters and shows you step by step on how to invest in foreclosures. If you want to make money in foreclosures or have wanted to invest in them, you need to read this book.
Matt
Illustrator for the Ultimate Foreclosure Kit (ISBN 0978834658)
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
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