Foreclosure properties are one of today’s hottest investments—and one of the quickest, easiest ways to turn a profit in real estate. Quick Cash in Foreclosures shows you how to profit from foreclosures—without having to qualify for a loan, battle the hordes at foreclosure auctions, pay exorbitant repair and resale costs, and, most importantly, without risking your savings! All you have to do is apply the authors’ proven system, a step-by-step approach to finding great foreclosure properties, purchasing the seller’s equity for pennies on the dollar, and then selling the contract to another investor for quick cash. With this straightforward, practical guide, you too can profit quickly and handsomely from a foreclosed property.
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From the Back Cover
Earn fast profits on foreclosures–with little or no money down!
Foreclosure properties are one of today’s hottest investments–and one of the quickest, easiest ways to turn a profit in real estate. But with so many investors in the game, competition is driving auction prices through the roof. This book introduces both novice and experienced real estate investors to a better way to invest in foreclosures. This step-by-step guide shows you how to find great foreclosure properties, purchase the seller’s equity for pennies on the dollar, and then sell the contract to another investor for quick cash.
If it sounds simple, it is! Quick Cash in Foreclosures shows you how to profit from foreclosures without risking your savings. You don’t have to qualify for a loan, battle the hordes at foreclosure auctions, or pay exorbitant repair and resale costs. All you have to do is apply the authors’ proven system and you too can earn fast profits in the foreclosure market. With this straightforward guide, you’ll learn how to:
- Find owners in distress
- Purchase an owner’s equity, not their property
- Negotiate with the lender before foreclosure
- Purchase FHA and VA government foreclosures
- Profit in the secondary mortgage market–Fannie Mae, Freddie Mac, and FDIC foreclosures
- Get the lowest purchase price at foreclosure auctions
- Flip, assign, or option your foreclosure contracts
- Use easy paperwork and clauses for maximum protection
About the Author
CHANTAL HOWELL CAREY, a member of ZONTA International, has handled millions in real estate sales and management as a broker, consultant, and trustee.
BILL CAREY began selling real estate in 1977, and is a former director of the San Diego Association of Realtors and the California Association of Realtors. Chantal and Bill are also seminar speakers and international real estate and trust consultants. Bill is a tax consultant as well. Together, they are also the authors of several other books, including The New Path to Real Estate Wealth and the bestselling How to Sell Your Home Without a Broker, both from Wiley.
BILL CAREY began selling real estate in 1977, and is a former director of the San Diego Association of Realtors and the California Association of Realtors. Chantal and Bill are also seminar speakers and international real estate and trust consultants. Bill is a tax consultant as well. Together, they are also the authors of several other books, including The New Path to Real Estate Wealth and the bestselling How to Sell Your Home Without a Broker, both from Wiley.
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26 of 29 people found the following review helpful:
1.0 out of 5 stars
Stinkeroo!,
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This review is from: Quick Cash in Foreclosures (Paperback)
Flaw #1: Applies only to Texas
Flaw #2: The authors only leave out the important stuff -- the stuff that can cause you to join the ranks of the "former well-off" Flaw #3: What is in is incomplete, simplistic fluff. Oh dear oh dear oh dear! Run, do not wait to walk, away from this book. PS -- Don't be influenced by the fact that I've been a real estate professional for 35 years and have appeared in court as an expert appraisal and property management witness.
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Inside This Book
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First Sentence:
Some real estate investors employ the real estate investment strategy of long-term wealth building. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
foreclosure arena, estate option contract, foreclosure timeline, servicing lender, flipping foreclosures, credit bid, presenting your offer, foreclosure options, foreclosure deals, foreclosure expenses, real estate purchase contract, foreclosure situation, foreclosure market, options presentation, foreclosing lender, buy foreclosures, foreclosure sale, foreclosure first, resale costs, estate lenders, real estate lender, foreclosure process, option fee, buying foreclosures, escrow holder Key Phrases - Capitalized Phrases (CAPs): (learn more)
Fannie Mae, Quick Cash, United States, Freddie Mac, Rent Busters, Earning Without Owning, Our Profit Sales Price, Real Estate Wealth, The New Path, Brain Trust, Internal Revenue Code, Internal Revenue Service, Lender Protection, Chantal Carey, Maximum Loan Amount, Months No Payments, Timing the Foreclosure Buy, Federal National Mortgage Association, Lender Loss, Ocwen Federal Bank, The Owner Wants New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Some real estate investors employ the real estate investment strategy of long-term wealth building. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
foreclosure arena, estate option contract, foreclosure timeline, servicing lender, flipping foreclosures, credit bid, presenting your offer, foreclosure options, foreclosure deals, foreclosure expenses, real estate purchase contract, foreclosure situation, foreclosure market, options presentation, foreclosing lender, buy foreclosures, foreclosure sale, foreclosure first, resale costs, estate lenders, real estate lender, foreclosure process, option fee, buying foreclosures, escrow holder Key Phrases - Capitalized Phrases (CAPs): (learn more)
Fannie Mae, Quick Cash, United States, Freddie Mac, Rent Busters, Earning Without Owning, Our Profit Sales Price, Real Estate Wealth, The New Path, Brain Trust, Internal Revenue Code, Internal Revenue Service, Lender Protection, Chantal Carey, Maximum Loan Amount, Months No Payments, Timing the Foreclosure Buy, Federal National Mortgage Association, Lender Loss, Ocwen Federal Bank, The Owner Wants New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 2
books:
2
books
cite this book:
- The New Path to Real Estate Wealth: Earning Without Owning by Chantal Howell Carey on page 221, and page 233
- How to Sell Your Home Without a Broker by Bill Carey on page 117
- Make Money in Abandoned Properties: How to Identify and Buy Vacant Properties and Make a Huge Profit by Chantal Howell Carey in Back Matter
- Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders by Chantal Howell Carey in Back Matter
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