Foreclosure Investing For Dummies (For Dummies (Business & Personal Finance)) (Paperback)

by Ralph R. Roberts (Author), Joe Kraynak (Author)
Key Phrases: property dossier, mandatory redemption period, distressed homeowners, Fannie Mae, Capital Source, Freddie Mac (more...)

Editorial Reviews

Product Description
With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including:

• Identifying opportunities and understanding risks
• Obtaining information, tools, support, and resources
• Locating properties prior to foreclosure
• Assisting homeowners through the foreclosure process
• Acquiring properties below market value prior to the auction
• Buying property at an auction, from lending institutions, and government agencies
• Repairing, renovating, and selling or leasing property

This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

From the Back Cover
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

See all Editorial Reviews

Product Details

• Paperback: 384 pages
• Publisher: For Dummies (May 29, 2007)
• Language: English
• ISBN-10: 0470122188
• ISBN-13: 978-0470122181
• Product Dimensions: 9 x 7.3 x 0.8 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars See all reviews (8 customer reviews)
• Amazon.com Sales Rank: #11,556 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #23 in	Books > Business & Investing > Investing > Investments
  #36 in	Books > Business & Investing > Real Estate
  #40 in	Books > Business & Investing > Investing > Introduction

Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

4.0 out of 5 stars Concise, clear approach, June 5, 2008

By	T. Agoston "tawmbooks" (Connecticut, USA) - See all my reviews (REAL NAME)

Par for Dummies series -- very informative, useful, clear and easy to read. Lays out upside potential as well as downside risks. As an adjunct, I've been using a beta service at realquest dot com which lets me search for pre-foreclosure, foreclosured and bank-owned homes in my local area. Perfect combo.

18 of 23 people found the following review helpful:

5.0 out of 5 stars INFORMATIVE & TO THE POINT , December 27, 2007

By	Daniel J. Coyle "dan6133" (Cherry Hill, NJ) - See all my reviews (REAL NAME)

FORECLOSURE FOR DUMMIES - Informative, with no wasted text, very concise and full of useful facts. Especially readable, moves along and warns of related problems that must be considered when investing. Excellent book

5 of 6 people found the following review helpful:

5.0 out of 5 stars Foreclosure dummy, July 28, 2008

By	Ann M. Luecker ""craver of knowledge"" (Tampa, FL) - See all my reviews (REAL NAME)

This book has been very helpful to my husband and myself. We are just getting started with this and the book is simple, easy to understand, and very informative. I would recommend this to anyone who is serious about wanting to learn, and having it explained to them in detail.

Thanks, Ann