Cashing in on Pre-foreclosures and Short Sales: A Real Estate Investor's Guide to Making a Fortune Even in a Down Market (Paperback)

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Editorial Reviews

Product Description

Cashing in on Pre-foreclosures and Short Sales shows investors exactly how to take advantage of what many are calling the best upcoming investment real estate market we have experienced in decades! Chip distinguishes the difference between good deals and bad deals, reveals just how easy it is to find, evaluate, and obtain foreclosure properties, tells how to negotiate a profitable transaction, and unveils the power of using short sales and other strategies to create a win-win situation for the investor, the seller, and the bank. Even first-time buyers looking to score a bargain on purchasing their own home will be armed with all the tools they need to confidently evaluate and pursue a profitable deal - and save thousands in the process. Cashing In on Pre-foreclosures and Short Sales incorporates quotes and advice from top industry professionals, as well as a healthy appendix packed with state and national foreclosure guidelines, including valuable contacts and websites, sample forms, checklists, and all the necessary tools you need to find, evaluate, secure and profit from foreclosure properties.

From the Back Cover

Boost your profits in any market!

Foreclosures are soaring, and that's a sad fact of our current economy. But it's also a great opportunity for real estate investors who want to get into the market while the getting is good. In fact, all these foreclosures may signal the coming of the best buyer's market in decades. Cashing In on Pre-Foreclosures and Short Sales shows you exactly how to take advantage of the current market to earn great money right now.

But it's not just about making money after someone loses their home. Through short sales, you can actually help owners in distress get out of unaffordable mortgages and into new homes more in line with their finances. Pre-foreclosures and short sales are great ways to make money and help struggling homeowners.

Inside, real estate specialist Chip Cummings gives you all the tools you need to get started, including tips from insiders, sample forms and letters, handy checklists, and a wealth of other resources. With step-by-step guidance and practical, real-world tools, this is the only guide you need to learn how to:

• Understand all the steps in the foreclosure process

• Develop an effective foreclosure investing strategy

• Navigate state foreclosure laws and regulations

• Use creative financing solutions

• Build your investing "dream team"

• Locate and evaluate great properties

• Conduct thorough property inspections

• Negotiate to win with owners and lenders

• Avoid frauds and investment schemes

• Fix up and rent out a new property

• Stage, market, and sell properties for maximum profit

• Avoid the amateur mistakes that could cost you thousands

• And much more!

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Product Details

• Paperback: 320 pages
• Publisher: Wiley (February 9, 2009)
• Language: English
• ISBN-10: 0470419814
• ISBN-13: 978-0470419816
• Product Dimensions: 9 x 7.5 x 0.9 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars  See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #242,593 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

5.0 out of 5 stars Excellent practical resource guide!, February 10, 2009

By	Lisa Williamson (Atlanta, GA) - See all my reviews

With so many foreclosures in the marketplace, I was looking for a true hands-on book that would show me how to get into my first home. This book fits the bill perfectly!

The book has actual letters to sellers, letters to the banks, forms, checklists and even comprehensive inspection checklists that I was able to use in selecting and evaluating properties. I had a hard time copying some of the forms, but there's a link which allowed me to download a printable version which made it a lot easier.

This was the most up-to-date information I could find on foreclosures and short sales, and I look forward to giving it to my brother who is a real estate investor, as parts of our market have started to come back a little.

It's well laid out, easy to follow and filled with real practical stuff - instead of fluff.

8 of 8 people found the following review helpful:

5.0 out of 5 stars Checklists alone are worth it!, February 17, 2009

By	R. Wilson "Roger" (San Francisco, CA) - See all my reviews

This one was a good find. Got it on a whim, but impressed with the number of forms, letters and checklists - especially since they can be downloaded. Have bought several properties in the past, and the book gave me some new marketing ideas and ways to find properties. Now if we could just get the government to cooperate!

7 of 7 people found the following review helpful:

4.0 out of 5 stars Hands-on approach, April 6, 2009

By	Lukas S. (Hoboken, NJ) - See all my reviews

A bundle of very useful information linked with the proper forms/letters that can be downloaded. I recommend this book to any serious investor interested in this market. It gives you all the necessary insights to succeed.