Cashing in on Pre–foreclosures and Short Sales: A Real Estate Investors Guide to Making a Fortune Even in a Down Market

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!

Spis treści:
Downloadable Letters, Forms, and Checklists.
About the Author.
Foreword (Gary W. Eldred, PhD).
Acknowledgments .
Introduction.
Important Disclosure Notice.
Part I: Where to Start.
Chapter 1: A Crash Course in Pre–foreclosures and Short Sales.
Chapter 2: Why Most Foreclosures Strategies Don′t Work.
Chapter 3: Down Markets: The Easiest Time to Capitalize and Make Money.
Chapter 4: Everything You Need to Know about the Foreclosure Process.
Chapter 5: Everything You Need to Know about Foreclosure Properties.
Chapter 6: Navigating Sate Foreclosure Laws and Regulations.
Chapter 7: How to Avoid Foreclosure Fraud Scams.
Chapter 8: Financing Solutions for Foreclosure Properties.
Chapter 9: Getting Serious bout Being a Foreclosure Investor.
Chapter 10: Build Your Foreclosure Dream Team.
Part II: Finding and Investing in Foreclosures.
Chapter 11: The 17–Step Process.
Chapter 12: Locating the Right Pre–foreclosure Properties.
Chapter 13: How to Contact and Interact with Homeowners.
Chapter 14: Verifying Critical Property Information.
Chapter 15: Doing Your Homework.
Chapter 16: How to Conduct a Complete Property Inspection.
Chapter 17: Accurately Estimating the Current Market Value.
Chapter 18: Analyzing Your Costs and Profits.
Chapter 19: Negotiating with Property Owners.
Chapter 20: Negotiating with Lenders and Lienholders.
Chapter 21: Negotiating with Attorneys and Trustees.
Chapter 22: Negotiating and Securing Short Sale Transactions.
Chapter 23: Nailing Down the Purchase Agreement.
Chapter 24: Protect Your New Assets, Immediately.
Chapter 25: Closing the Deal.
Part III: Cashing Out!
Chapter 26: Flipping Out–Quick Profits through Wholesaling.
Chapter 27: Fixing Up Your New Investment.
Chapter 28: Renting Your New Property.
Chapter 29: Staging, Marketing, and Selling Properties for Maximum Profit.
10 Amateur Mistakes That Will Cost You Thousands.
State–by–State Foreclosure Guidelines.
101 Foreclosure and Investo r Resources.
Glossary.
Index.
Free Bonus.

Nota biograficzna:

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.

Okładka tylna:

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 o wners 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!