Buying Real Estate Foreclosures [Paperback]

Melissa S. Kollen-Rice (Author)

Book Description

Series: Buying Real Estate Foreclosures | Publication Date: June 27, 2003

"... want to buy a house or other real estate below market value? If so, read this book."--Robert J. Bruss, syndicated real estate columnist

Home foreclosures are at a ten-year high, and this new edition of Melissa Kollen-Rice's bestselling guide fills readers in on everything they need to know to find and finance real estate bargains from banks, S&Ls, public auctions, government agencies, and other sources. Packed with worksheets, checklists, and contact directories, Buying Real Estate Foreclosures is the resource for novices and pros alike. This fully revised and updated edition features:

• Guidance on pitfalls, hidden costs, sources of foreclosure lists, and creative financing strategies
• Valuable sample forms and documents
• A new chapter--"What the banks don't want you to know: why are they so motivated to sell?"
• New strategies to help investors cut through the red tape
• In-depth discussions of the benefits and risks of all types of financing
• A completely updated pre-bid checklist

Editorial Reviews

Review

"Do you want to buy a house or other real estate below market value? If so, read this book." - Robert J. Bruss, Syndicated Real Estate Columnist

From the Back Cover

A Step-By-Step Guide to Buying Foreclosure Bargains Safely and Sanely--at a Fraction of Their Market Value

"A terrific book that should be read by all--novice and pro alike."--Carolyn A. Weber, Vice President, Century 21 of the Northeast

"Do you want to buy a house or other real estate below market value? If so, read this book."--Robert J. Bruss, Syndicated Real Estate Columnist

Written by one of America's most experienced real estate professionals, Melissa Kollen-Rice's bestselling guide offers:

• Sources of available properties - from government agencies, public auctions, banks, and delinquent homeowners
• Innovative methods for financing foreclosures with little or no cash
• Tips on conducting an inspection, determining a property's value, and uncovering hidden costs in advance
• Proven techniques that help readers navigate the 'foreclosure jungle' and avoid costly mistakes along the way
• Strategies for buying foreclosures before an auction, at an auction, and after an auction
• Critical information that banks can't tell you about the foreclosures in their inventories

A foreclosure purchase is a great way to buy property at a below-market price, keep it as a long-term residence, rent it out to others, or fix it up and sell it for a profit. Packed with user-friendly worksheets, checklists, and contact directories, this fully updated and revised edition reflects current trends and regulations. Whether you are a novice or a professional foreclosure enthusiast, Buying Real Estate Foreclosures provides you with everything you need.

See all Editorial Reviews

Product Details

• Paperback: 224 pages
• Publisher: McGraw-Hill; 2 edition (June 27, 2003)
• Language: English
• ISBN-10: 0071412387
• ISBN-13: 978-0071412384
• Product Dimensions: 8.9 x 5.9 x 1 inches
• Shipping Weight: 11.2 ounces
• Average Customer Review: 3.9 out of 5 stars  See all reviews (30 customer reviews)
• Amazon Best Sellers Rank: #1,201,094 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

32 of 37 people found the following review helpful:

1.0 out of 5 stars Save your money, July 18, 2000

By A Customer

This review is from: Buying Real Estate Foreclosures (Paperback)

The real problem with this book is its misinformation, (i.e. being able to inspect houses before Trustee sales and being able to purchase foreclosed property at auction with a 10% down payment)...WHAT GARBAGE, everyone knows that foreclosed property is sold as is and you need all cash at the trustee sales to purchase, no financing! Otherwise it would be listed in the MLS and selling at market value. Don't believe the hype of easy money, there are always risks involved, afterall, anything that is worthwhile to have is going to take some work to get! This author is in a fantasy world and wants company. The reason I am giving this book "1" star and not a "0" is because it contains a few remnants of helpful information, but not enough to offset its faults and justify a purchase. Save your money and avoid!

18 of 21 people found the following review helpful:

5.0 out of 5 stars Best Foreclosure Book I Have Found, July 22, 2003

By A Customer

This review is from: Buying Real Estate Foreclosures (Paperback)

This book is the best of the best. Melissa's experience and practical advice are amazing. Don't waste your money on those TV informercial people like I did. For less than $..., this book will give you everything you need and more.

8 of 8 people found the following review helpful:

5.0 out of 5 stars Five Stars!!!!, April 24, 2006

By 

Don Billings "Donny" (Ohio, USA) - See all my reviews

This review is from: Buying Real Estate Foreclosures (Paperback)

This is simply the best book on foreclosures that I have found. I know a lot about real estate because I have owned my own real estate office for the last 14 years and own several properties. I love reading real estate books and this one is GREAT. The book was very well written and very well researched.

EXCELLENT