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| | Location: Home » Buying a House » General » The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply | October 10, 2008 |
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| The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply | 
 enlarge | Author: Frankie Orlando
Publisher: Atlantic Publishing Company (FL)
Category: Book
List Price: $24.95
Buy New: $12.47
You Save: $12.48 (50%)
Buy New/Used from $12.47
Avg. Customer Rating:  (11 reviews)
Sales Rank: 5955
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 288
Shipping Weight (lbs): 1
Dimensions (in): 8.9 x 6 x 0.7
ISBN: 0910627037
Dewey Decimal Number: 332.6324
EAN: 9780910627030
ASIN: 0910627037
Publication Date: January 1, 2008
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
In every hour of each day, savvy real estate investors are accumulating vast fortunes buying foreclosed homes at bank foreclosures, pre-foreclosures, and foreclosure auctions. Recent research indicates that more than 1 percent of ALL residential property in the United States today is already in; or facing foreclosure soon.. In April 2006 RealtyTracTM , the leading online marketplace for foreclosure properties, released its 2006 Q1 U.S. Foreclosure Market Report, which showed that 323,102 properties nationwide entered some stage of foreclosure in the first quarter of 2006, a 38 percent increase from the previous quarter and a 72 percent year-over-year increase from the first quarter of 2005. The nation s quarterly foreclosure rate of one new foreclosure for every 358 U.S. households was higher than in any quarter of last year. There is an estimated 1 million plus homes being foreclosed on. Armed with the right knowledge and tactics, opportunities for buying low-cost real estate foreclosures are plentiful. There are a lot of things you need to know before you get started. You need to understand how the foreclosure process works, what the borrower is going through, and the lenders role. You will be taught everything you need to know to locate and purchase real estate bargains from banks, public auctions, and other sources. Whether you are a first-time homeowner or an experienced property investor, this is a tremendous guide for buying pre-foreclosed homes in any market. You will learn the simple formula (developed from real-life experience) that can build massive wealth through real estate foreclosures. You will learn how to: negotiate with homeowners in distress, prepare contracts and paperwork, determine the true market value of the property, creative techniques to finance properties, learn how to flip the property, locate one-of-a-kind properties, negotiate with sellers, research, auctions, estimate repair costs, eliminate, obtain REO, use online resources, look up owners contact information, communicate with property owners, write ads, how to receive pre-foreclosure information, options, and more. This brand new book is the resource for novices and pros alike; it will guide you through every step of the process including finding properties, negotiating, and closing on your first deal. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away. This book gives you the proven strategies, innovative ideas, and case studies from experts to help you get more with less time and effort.
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| Customer Reviews: Read 6 more reviews...
 Good starter guide June 17, 2008
In digging into this book, the author continually quoted other books. That annoyed me quite a bit and kept me asking, "Why didn't I buy the other book?" If you're starting off at "ground zero" and know nothing about mortgages, etc. this book is a helpful guide. It also contains concise explanations of different types of "legalese" and gives you places to look. Overall, a good place to start.
You can make money in a tricky real estate market. April 14, 2008
If you hesitated about getting into real estate investing during the real estate housing boom, the new boom - the one in foreclosures - may be your chance to build wealth by buying forclosed real estate.
This book is not for everyone. As a licensed real estate agent for eight years, I have seen people try to get rich quick using various schemes they have heard about on television or read about in books - with little success. This method is no fly-by-night strategy and not everyone who would be able to invest successfully. Investors need - at the very least - good credit, some ready cash and a willingness to work hard and stick to the plan.
Those who are able to take advantage of the foreclosure niche in the current buyer's market can create for themselves a life making income as a real estate investor.
The authors wrote this book for the brand-new investor, including not only basic information on how to choose and invest in foreclosures, but current information on where and how to find and choose foreclosure properties, current real- estate and foreclosure laws from state-to-state and detailed information on what to expect during every step of the process. The are even chapters on how to rent your new property, if you choose to do so.
While this book is primarily for investors, buyers looking for a home of their own will find this book filled with useful information. Foreclosed homes can be found at bargain prices and home buyers can use these same procedures to find the home of their dreams. Too many buyers, frightened by the headlines, are not taking advantage of a once-in-a-lifetime buyer's market to buy their own home.
Investors will also find the real estate dictionary and extensive list of references extremely helpful if they plan (and they should) to continue to learn about investing as the foreclosure market changes.
The authors do not pretend that making money by buying and selling or renting-out foreclosures is easy and they caution that in real estate investing, money can be made, or it can be lost. That attitude is what makes this book superior to most. If your plan is to buy foreclosed homes with no money down, no assets and no risk, then look somewhere else - an good luck to you. But, if you are looking for a levelheaded approach to real estate investing in the current market, this approach is a winner.
A survey investors will find easy to begin with, making it the perfect item of choice for public libraries. April 4, 2008
1 out of 2 found this review helpful
Real estate investors can amass a fortune by purchasing foreclosed homes at various foreclosure auctions, and this guide is the resource novices and pros will find an outstanding key to locating such bargains. From auctions and online processes to making it easy for bargains to come your way, THE COMPLETE GUIDE is a survey investors will find easy to begin with, making it the perfect item of choice for public libraries.
Diane C. Donovan
California Bookwatch
Great Book For Real Estate Investors February 13, 2008
5 out of 6 found this review helpful
Frankie and Marsha have truly put together a user friendly guide that examines the foreclosure process. For anyone looking to purchase a home or invest in the foreclosure market, this book is truly a gem. The book aims at helping investors take advantage of the foreclosure market. They point out the potential pitfalls and abundant gain that a foreclosure can bring investors.
Homeowners would also benefit from reading this book. The book provides an insiders look at how the foreclosure process works and the way that investors can potentially save them before a foreclosure occurs. The best defense against foreclosure is knowing the tricks of the trade.
The book is user friendly and well organized. Not to mention part of the proceeds are donated to a worthy charity.
Teaching new and old dogs the ropes February 12, 2008
2 out of 3 found this review helpful
The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply is the best explanation I have read for buying foreclosures in a long time. It starts off in plain English, crunches the numbers for anyone not sure if they can afford it and then gets straight into the how to. While I didn't take the author's advice of skipping around it is entirely possible to skip around chapters, reading what's most interesting first, before coming back thanks to the simply way everything is explained inside. Whether a first time buyer or a long time investor I think anyone would benefit from reading this book.
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