The All-New Real Estate Foreclosure, Short-Selling, Underwater, Property Auction, Positive Cash Flow Book Your Ultimate Guide to Making Money in a Crashing Market

by Carey, Chantal Howell; Carey, Bill

• ISBN13: 9780470455869
• ISBN10: 0470455861
• Edition: 1st
• Format: Paperback
• Copyright: 2009-08-07
• Publisher: Wiley
• More Book Details

Summary

The ultimate guide to making money in real estatefor first-timers and experienced pros alikeHome values are crashing and foreclosures are up. The common wisdom is that this is no time to jump into the real estate market. But a crashing real estate market offers plenty of opportunity to profit, if investors know how to adjust to the market reality. In this book, top real estate authors Chantal and Bill Carey present four new strategies for taking advantage of today's high foreclosure rate and explain how to invest for the long-term as the market resets to more realistic levels. Novice investors will find new strategies for profiting without risking too much, and old hands will find new techniques to add to their normal strategies.Chantal Howell Carey and Bill Carey (Dallas-Ft. Worth, TX) are members of Zonta International, and coauthors of Make Money in Abandoned Properties (978-0-471-78673-3), Make Money in Short-Sale Foreclosures (978-0-471-76084-9), and Make Money in Real Estate Tax Liens (978-0-471-69286-7), all from Wiley.

Author Biography

Bill Carey, also a member of Zonta International, is a former director of the San Diego Association of Realtors® and the California Association of realtors®. The Careys are also the authors of Make Money in Abandoned Properties, Make Money in Short-Sale Foreclosures, and Make Money in Real Estate Tax Liens, all from Wiley.

Table of Contents

Preface

Introduction

The Real Estate Market has Crashed

Prices of all 20 major metropolitan areas are spiraling downward

Make Money Investing in a Crashing Real Estate Market

Use a quick cash and a long term wealth building strategy

Foreclosures, Foreclosures, and Foreclosures

One in every 464 households nationally will receive a foreclosure notice

The New Foreclosure Tactics

Stop buying at the white elephant sales (the courthouse steps)

Inside the Loss Mitigation Department

The twelve factors a lender will consider before accepting your short-sale offer

Your Short-Sale Offer

There are no oral agreements in real estate

Presenting Your Short-Sale Offer and Closing the Transaction

Present your short-sale offer and close the transaction

Buying the Mortgage in Foreclosure

Buy the mortgage in foreclosure at a short-sale price

Sellers are the New Bankers

In a crashing real estate market sellers are the new bankers

Win Going In

You must buy for the right price and with the right terms

No Doubt Getting Out

You must sell with the right terms and for the right price

Auctioning Your Property for Top Dollar

Auctioning is the best way to sell your property in a crashing market

Types of Auctions

There is a type of real estate auction to fit your investment needs

The Who, When, and How of Auctioning

Retail buyers are your target market for buying at your auction

Buy Low and Sell Lower

Make money even when the market is going down

Cash-and-Cash-Flow is King

In a crashing real estate market cash-and-cash-flow is king

The Future of the Real Estate Market

Inflation is in the pipeline. God bless inflation!

Table of Contents provided by Publisher. All Rights Reserved.