Building Wealth Buying Foreclosures

by Schaub, John

• ISBN13: 9780071592109
• ISBN10: 0071592105
• Edition: 1st
• Format: Paperback
• Copyright: 2008-08-05
• Publisher: McGraw-Hill Education

Summary

Foreclosures are the most profitable real estate investment opportunities in today's market. They also have a compelling benefit-when you buy a property on the brink of foreclosure, you're solving that problem for the previous owner, and getting a great deal in the process. Building Wealth Buying Foreclosures helps you target top properties and get the best deal, with tips on how to avoid scams, insight into the lender's perspective, and a checklist that helps you keep track of every step along the way. Book jacket.

Author Biography

John W. Schaub is a nationally recognized realestate investor and expert. He teaches real estate investingthrough his seminars, home-study courses, and newsletters.

Table of Contents

Introduction	p. vii
Getting Started Buying Foreclosures	p. 1
Foreclosure Facts	p. 3
What You Should Know Before You Buy Your First Foreclosure	p. 11
Making the Most by Buying Property That You Understand	p. 21
Buying at the Time When You Have the Greatest Advantage	p. 27
Preforeclosure: The Way You Can Buy with the Least Amount of Cash	p. 35
The Most Exciting (Riskiest) Time to Buy: At the Foreclosure Sale	p. 59
The Safest Time to Buy: After the Sale	p. 67
The Most Profitable Time to Buy: Buying the Note(s) Before the Sale	p. 75
Short Sales: Buying When the Seller is Willing to Walk Away	p. 87
The Insider's Scoop: Understanding the Lender's Perspective	p. 97
Sixteen Ways a Lender Can Help You Buy a House	p. 103
Nine Things That Make Lenders Nervous	p. 113
Buying from Sellers in Bankruptcy	p. 119
Borrowing to Buy Your First Foreclosure	p. 127
Contract Negotiation	p. 131
Beware the Con Artists: Eight Costly Foreclosure Scams	p. 143
Getting a Good Title and Understanding Title Insurance	p. 151
Foreclosure Buying Checklist	p. 159
How to Make the Decision to Rent or Sell	p. 161
Selling a House to a User on Terms	p. 171
Selling the House to an Investor	p. 183
Accelerating Your Plan for Building Wealth	p. 189
If You Find Yourself in Trouble	p. 199
If You Can't Buy Their House	p. 205
Appendix	p. 219
Index	p. 235
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