Foreclosure Investing For Dummies^?

by Ralph R. Roberts; Joe Kraynak ( ; )

• ISBN13: 9780470180549
• ISBN10: 0470180544
• Format: eBook
• Copyright: 2007-08-01
• Publisher: For Dummies

Summary

Covers foreclosure rules and regs for all 50 states Minimize your risks and maximize your return, while assisting homeowners Want to buy and sell foreclosure properties? This hands-on guide covers all aspects of investing in foreclosures, from identifying potential properties and assessing value to carefully researching and inspecting properties, so you don't get stuck holding a money pit . . . or even worse, a worthless piece of paper! Discover how to deal with homeowners in preforeclosure, bid for a property, buy bank-owned properties at well below market value - and ultimately sell for maximum profit. Research property titles, mortgages, and deeds Build a strong investment team Obtain financing Network your way to success Avoid common pitfalls Invest with integrity

Table of Contents

Introduction

Prepping Yourself for Foreclosure Success

Wrapping Your Brain around Foreclosure Investing

Getting Up to Speed on the Foreclosure Process

Picking Your Point of Entry in the Foreclosure Process

Laying the Groundwork for Maximized Profit and Minimized Risk

Building a Powerful Foreclosure Investment Team

Filling Your Foreclosure Tank with Financial Fuel

Networking Your Way to Foreclosure Success

Creating Win-Win Situations in Pre-Foreclosure Prior to Auction

Discovering Homeowners Facing Foreclosure

Building a Property Dossier

Contacting the Homeowners and Lenders

Analyzing the Deal and Presenting Your Offer

Finding and Buying Foreclosure and Bankruptcy Properties

Bidding for Properties at a Foreclosure Sale

Buying Repos: Bank Foreclosures and REO Properties

Finding and Buying Government Repos

Banking on Bankruptcies

Sampling Some Other Foreclosure Strategies

Cashing Out Your Profit . . . after the Sale

Assisting the Previous Homeowners Out the Door

Repairing and Renovating Your Investment Property

Cashing Out: Selling or Leasing Your Property

Checking Out Other Cash-Out Strategies

The Part of Tens

Ten Common Beginner Blunders

Ten Ways to Maximize Future Leads by Acting with Integrity

Ten Tips for Avoiding Common Foreclosure Minefields

Appendix: Foreclosure Rules and Regulations for the 50 States

Index

Table of Contents provided by Publisher. All Rights Reserved.