Customer Reviews

Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders

5 star:		(2)
4 star:		(1)
3 star:		(0)
2 star:		(2)
1 star:		(2)

 

 

The book has a couple good points, and is probably benefical to a novice pre-foreclosure investor, but is not worth the time or money of any pre-foreclosure investor thats ever closed a deal before. Most of the examples in the book 'window dressed' profits on deals by not listing all expenses involved.

I have bought a ton of books on foreclosures, and top be honest, there are all pretty much the same - vith variations. Short sales are not as easy as they say they are. I would put my money into a book that encompassed all facets of property foreclosure. Probably be better value.

This book will help you accurately determine the market value of a property. Looking back, I can take Bill and Chantal's way to determine this and realize my mistakes. There were times I had properties in my hand but was too low on my market value comps. Also what I learned from this book was when to know it is a property for a short sale (less than 15% equity) and when it is not. Did you know that 95% of investors out there, according to Bill and Chantal, will walk away and not bother with short sales? This book outlines the steps to follow the process of negotiating a short sale and have it come out in your favor. Very good read!!! It is hot off the press.

I found this book pretty good.... It definitely spelled out all the details of short sales.... I think for property investors trying to understand exactly what is involved with short sale purchases this book is perfect. The book was written at a level that I enjoyed....not overly complicated.

I was extemely disappointed in this book. In the title ........How to Bypass Owners and Buy Directly from Lenders....Yet on page 93 you learn that this is NOT possible as you must have the owners permission prior to ever contacting their lender. I found the title misleading as to the content.

i expected this "book" to be more up to date with information on how to find short sales and more specifically where to find the distressed owners that want to sell their properties. i know the title does not say it, but the book should also explain where you get money from if you want to make money, is it your own, do you borrow it from friends and relatives, or from hard money lenders and financial institutions? another issue: i would have spent time explaining ideas how to find end buyers and sell the property, or rent and refi -if money is from hard money lenders- to get money out and buy more properties.

I am completely thrilled with this book, it is easy to read, not super technical, and it's fun yet concise teaching style gets you pumped up about making profits in a very little explored area of real estate finance, pre-foreclosure investing. There are several examples in each chapter giving approximate dollar figures in several hypothetical scenarios, with several different strategies. These figures are a great visual aid in learning how to make profits, and even how to create equity in situations where the buyer has none to buy! The authors walk you through each step of the deal, how to deal with various other types of liens and mortgages, and there are a few sample contracts and agreements. I agree the title is a bit misleading, because it is always necessary to negotiate a sales contract with both the lender and homeowner in case of a short-sale deal, but don't let that deter you, because in these cases, seller and lender will be extremely motivated! What they teach you here will allow you to vaporize the competition, they will walk away, you will be left with the best deal, everybody's happy.