Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts (Paperback)

~ (Author), Sharon Restrepo (Author)
Key Phrases: setting the closing date, real estate investors association, sample letter, Preparing Your First Offer, Approach the Bank, Set Goals (more...)

Editorial Reviews

Product Description

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.

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

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Product Details

• Paperback: 240 pages
• Publisher: Wiley (June 30, 2008)
• Language: English
• ISBN-10: 0470290307
• ISBN-13: 978-0470290309
• Product Dimensions: 8.9 x 5.9 x 0.7 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (40 customer reviews)
• Amazon.com Sales Rank: #70,039 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

35 of 40 people found the following review helpful:

1.0 out of 5 stars Okay for beginners - Mostly fluff for anyone experienced, June 28, 2008

By	S. Kristofer Voigt (Atlanta GA) - See all my reviews (REAL NAME)

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.

10 of 11 people found the following review helpful:

5.0 out of 5 stars informative, June 24, 2008

By	Cindy Y. Auer (Nashville, TN) - See all my reviews (REAL NAME)

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.

10 of 13 people found the following review helpful:

5.0 out of 5 stars experienced investor / private lender, June 23, 2008

By	Robert Burozski - See all my reviews (REAL NAME)

I have personally known Sharon and Dwan for at least 12 years now. They were teaching short sale techniques back when the other gurus didn't even know what a short sale was. They have learned by doing and teaching others for many years not just copying other peoples work. Right now short sales are the short cut to great deals in real estate. If you want to make money in real estate get this book. Bob Burozski.