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Cashing in on Pre-foreclosures and Short Sales: A Real Estate Investor's Guide to Making a Fortune Even in a Down Market Paperback – February 9, 2009
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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!
About the Author
CHIP CUMMINGS is a real estate investor, licensed mortgage lender, certified trainer for the National Association of Mortgage Brokers, and past president of the Michigan Mortgage Brokers Association. He is also the co-author, with Ralph Roberts, of the Wiley titles Mortgage Myths and Foreclosure Myths.
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