How To Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps [Paperback]

Thomas J. Lucier (Author)

Book Description

Publication Date: October 1, 2003

Before Thomas J. Lucier wrote the first edition of How To Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps in 1989, he was making time consuming and costly mistakes. The mistakes were inevitable; no one had written a book on how to buy pre-foreclosure properties, so Tom had to learn the hard way from his own mistakes and first hand experiences. All of the advice that he received said: "buy property on the county courthouse steps after it has been foreclosed on." But Tom eventually learned to avoid those costly courthouse-bidding wars by buying directly from property owners whose mortgage loans are in default and facing foreclosure. And the book that didn’t exist back in 1985, when Tom bought his first pre-foreclosure property, is now in its fourth revised edition.

The newly revised fourth edition of How To Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps was released on October 1, 2003, and is comprised of fourteen meaty chapters that are packed chock-full of step-by-step instructions, ready-to-use information and practical, no-nonsense advice. You’ll learn:
1. The difference between judicial and non-judicial foreclosure.
2. How the short payoff sale acquisition technique works.
3. How to get subordinate or "junior" lienholders to discount their liens by fifty percent or more.
4. How to use foreclosure notices to find all of the property owners in your county whose loans are in default and facing foreclosure.
5. How to use direct mail to contact property owners whose loans are in default.
6. How to perform due diligence on pre-foreclosure properties.
7. How to quickly verify loan information with foreclosing lenders.
8. How to accurately estimate the current market value of a pre-foreclosure property.
9. How to negotiate with property owners whose loans are in default and facing foreclosure.
10. How to properly prepare your purchase agreements and protect your interests when buying pre-foreclosure properties.
11. How to package, market and resell pre-foreclosure properties for maximum profit.
12. How to do a thorough pre-buy property inspection.
13. What you need to know about your state’s foreclosure statute when buying pre-foreclosure properties.

How To Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps has a fourteen-page chapter on the much-ballyhooed short payoff sale acquisition technique. The problem with ninety-nine percent of the short sales hype that’s currently being foisted onto an unsuspecting public, by unscrupulous real estate hucksters peddling overpriced courses and boot camp seminars, is that it’s based on misinformation, half-truths, distortions and outright lies. And unfortunately, all of this hype has fueled unrealistic expectations on the part of would-be short sale investors, who’ve been led to believe, that every lender in America will approve a short payoff sale, at the drop of a hat. Tom Lucier gives you the unvarnished truth about short payoff sales, along with detailed, step-by-step instructions on exactly how the short payoff of a mortgage or deed of trust actually works.

How To Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps comes complete with the following ready-to-use worksheets, letters, checklists, notices, forms and agreements:
1. Short payoff sale checklist.
2. Sample notice of lis pendens.
3. Sample notice of default.
4. Loan breach letter.
5. Borrower’s letter of authorization to release loan information.
6. Foreclosure lawsuit worksheet.
7. Notice of default worksheet.
8. Due diligence checklist.
9. Property tracking worksheet.
10. Short payoff sale proposal letter.
11. Six sample letters to owners in foreclosure.
12. Loan worksheet.
13. Sample HUD 1 Settlement Statement.
14. Sample Fannie Mae broker’s price opinion.
15. Request for mortgage or deed of trust estopp

Editorial Reviews

From the Publisher

This newly revised fourth edition of the first book ever published on how to buy properties directly from owners whose mortgage or deed of trust loans are in default and facing foreclosure, was released on October 1, 2003! --This text refers to an out of print or unavailable edition of this title.

From the Author

How To Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps was written for computer literate and Internet savvy real estate investors who want to use their specialized knowledge to take advantage of the money making opportunities that pre-foreclosure properties provide. --This text refers to an out of print or unavailable edition of this title.

See all Editorial Reviews

Product Details

• Paperback: 140 pages
• Publisher: Special Report Publications, LLC (October 1, 2003)
• ISBN-10: 0945343132
• ISBN-13: 978-0945343134
• Product Dimensions: 10.8 x 8.1 x 0.5 inches
• Shipping Weight: 12 ounces
• Average Customer Review: 3.3 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #4,351,785 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

31 of 32 people found the following review helpful:

1.0 out of 5 stars How to Make..., February 20, 2004

By 

Disgusted (USA) - See all my reviews

This review is from: How to Make Money Buying Pre Foreclosure Properties Before They Hit the County Courthouse Steps: The Complete Guide to Finding and Buying Pre-Foreclosure Properties (Paperback)

If you look over the positive reviews, you notice they are all written by commonly named individuals with no location listed. Furthermore, all of the comments use the same verbage and contain similar idiosyncrasies. Someone tell the author or the author's friends to stop writing positive reviews to boost sales. Instead, use that time being wasted to do some research and write a decent book.

30 of 35 people found the following review helpful:

1.0 out of 5 stars Basic, July 14, 2003

By A Customer

This review is from: How to Make Money Buying Pre Foreclosure Properties Before They Hit the County Courthouse Steps: The Complete Guide to Finding and Buying Pre-Foreclosure Properties (Paperback)

This book could be replaced with 2 hours of internet research. Many of the pages just list websites and "worksheets" that are used as filler.

16 of 18 people found the following review helpful:

5.0 out of 5 stars [e-mail], February 13, 2003

By 

Donald R Wilson (Detroit Area, MI) - See all my reviews

This review is from: How to Make Money Buying Pre Foreclosure Properties Before They Hit the County Courthouse Steps: The Complete Guide to Finding and Buying Pre-Foreclosure Properties (Paperback)

Thomas Lucier's excellent book, How To Make Money Buying Pre-foreclosure Properties Before They Hit The County Courthouse Steps, is by far the best [money] that I've ever spent for a book, and that includes college textbooks too! There's more how-to-do-it information packed in 102 pages than in any other book that I've read on buying properties from owners in foreclosure. Plus, Mr. Lucier's book comes complete with numerous letters, checklists, worksheets and agreements along with a slew of need-to-know Web site addresses! In fact, Mr. Lucier's book impressed me so much, that I contacted him personally about writing a pre-foreclosure property analysis and aquisition software program using the same information that's contained in his book. My software program should be available for purchase by May 1, 2003. I very highly recommend that everyone who's serious about investing in pre-foreclosure properties, get a copy of Mr Lucier's book!