Learn all about short-sales, the hottest topic in today’s real estate investing market, with Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts. Understand how to buy properties at big discounts, creating windfall profits. Using this guide, you can access information about a topic that 90% of real estate agents and investors know nothing about. Discover how to make huge profits from the banks’ misfortune, how to help homeowners in foreclosure while helping yourself, and how to stay on the cutting edge of the down market.
Short-Sale Pre-Foreclosure Investing
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Book Description
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Editorial Reviews
From the Back Cover
"The ultimate book on short sales! Dwan and Sharon have made it easy for you to profit in today's gold mine of foreclosure opportunities."
—Robert Shemin, New York Times bestselling author of How Come That Idiot's Rich and I'm Not?
"Having invented new real estate markets for over twenty years, I can strongly recommend Dwan and Sharon's book. This dynamic duo invented the short-sale market—nobodyknows more!"
—Frank McKinney, international bestselling author and real estate "artist"
"As a national speaker and teacher for over twenty-five years, I've never met anyone who knows more about short sales than Dwan and Sharon. I've spoken to hundreds of their students who have earned tremendous profits. You could be their next success story!"
—Nick Sidoti, a.k.a. Dr. Cashflow
Make a fortune in pre-foreclosures with help from the queen of the short sale
Millions of distressed homeowners are in danger of foreclosure, but can't sell their homes and walk away because their property is worth less than the mortgage. Banks don't want to foreclose because the process is so expensive and time-consuming. The solution is a short sale—the process by which an investor buys the troubled property from the homeowner at a price far below the outstanding mortgage and the bank takes a write-off. Real estate investor Dwan Bent-Twyford and her students have made millions with short sales—while helping homeowners prevent foreclosure.
Finally, here's a single resource that tells you everything you need to know to get into this high-profit game:
Find "underwater" properties and pre-foreclosures
Approach distressed homeowners facing foreclosure
Prepare an offer that helps you and the homeowner
Negotiate with banks and mortgage holders
Earn big profits through wholesaling, rehabbing, or renting
About the Author
Dwan Bent-Twyford, "The Queen of Short Sales," is the country's leading authority on buying pre-foreclosure properties directly from lenders. She also leads popular boot camps for real estate investors.
Sharon Restrepo is known as "Short Sale Sharon" and specializes in buying foreclosure and distressed properties. She is the coauthor of numerous real estate home study courses, offers training workshops, and is cofounder of several real estate companies.
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Most Helpful Customer Reviews
57 of 64 people found the following review helpful:
1.0 out of 5 stars
Okay for beginners - Mostly fluff for anyone experienced,
By
This review is from: Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts (Paperback)
The book does a "decent" job discussing the "big picture" of short sales to someone that has little knowledge of the subject. However, someone looking for an investment strategy in short sales with exact steps layed out to follow and duplicate would be disappointed in this read. A lot is left for the reader to figure out on their own. For example, with respect to marketing for potential sellers, the idea of mailing postcards is discussed, which is good, however, there is little instruction/advice on how to put together an effective mailing list or what the postcard should even say. Also, there is little "real life" information regarding the exit strategies of short sales. The book discusses using an "assignment" as an exit strategy, however, most if not all lenders will not approve purchase contracts that have an assignable clause included. Therefore, this exit strategy is not effective. The book briefly discusses "subject to" transactions and fails to mention that when taking title to property "subject to" an existing mortgage staying in place, this is a direct violation of the "due on sale" clause, in which the original lender now has the right to call the loan due in full. In my opinion, this is another example of how the book lacks certain information that a reader should be told.
13 of 15 people found the following review helpful:
5.0 out of 5 stars
informative,
By
This review is from: Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts (Paperback)
This book is a must read for anyone in this business or for anyone wanting to get in this lucrative business. With the market the way it is today, the timing of this release couldn't be better. Their book guides you step by step to empower you to make your deals. I would highly recommended this book for both the experienced and especially for all beginners. I wish I could have read it when I first started. It would have saved me a lot of grief and money.
5 of 5 people found the following review helpful:
5.0 out of 5 stars
Great Book from Great People!,
This review is from: Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts (Paperback)
I love this book and the fact that Dwan and Sharon were so kind to include forms that I could download and uses in my business. More bang for my buck. I have their Short Sale and Wholesale programs and closed my first real estate deal using their system. Simply put, IT WORKS!!! I've seen many other programs and none of them come close to explaining the "how to's" in a step by step manner as they do. I highly recommend their books and programs.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
(learn more)
setting the closing date, real estate investors association, sample letter, loss mitigation rep, mitigation representative, customize this form, hardship package, distressed homeowners, foreclosure sale date, hardship letter, double closing, loan modification, forbearance agreement, closing agent, net sheet, first mortgage holder, assignment fee, second mortgage holder, foreclosure process, distressed properties, facing foreclosure, bankruptcy attorney Key Phrases - Capitalized Phrases (CAPs): (learn more)
Preparing Your First Offer, Approach the Bank, Set Goals, Contact Name, Get Motivated, Get Started, Approach the Homeowners, Three Profit-Making Exit Strategies, Third Mortgage Holder, Key Elements of the Legal Process, United States, Gideon Group, Settlement Statement, Ann Arbor, Release Information, Litton Loan Servicing, Bill of Sale, First-Year Expectations, Stamford Road Ypsilanti, Federal Housing Administration, Specialized Loan Servicing, Bank of America, Fort Myers, Property Location, Lucent Blvd Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
setting the closing date, real estate investors association, sample letter, loss mitigation rep, mitigation representative, customize this form, hardship package, distressed homeowners, foreclosure sale date, hardship letter, double closing, loan modification, forbearance agreement, closing agent, net sheet, first mortgage holder, assignment fee, second mortgage holder, foreclosure process, distressed properties, facing foreclosure, bankruptcy attorney Key Phrases - Capitalized Phrases (CAPs): (learn more)
Preparing Your First Offer, Approach the Bank, Set Goals, Contact Name, Get Motivated, Get Started, Approach the Homeowners, Three Profit-Making Exit Strategies, Third Mortgage Holder, Key Elements of the Legal Process, United States, Gideon Group, Settlement Statement, Ann Arbor, Release Information, Litton Loan Servicing, Bill of Sale, First-Year Expectations, Stamford Road Ypsilanti, Federal Housing Administration, Specialized Loan Servicing, Bank of America, Fort Myers, Property Location, Lucent Blvd Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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