Foreclosure investing opportunities havebeen increasing rapidly over the last twelve months. With the worst financial crisis sinceWorld War II and the bursting of the housing bubble, there has been asignificant increase in the number of foreclosures across the country, creatingmany opportunities to investors. But investing in foreclosures in a profitableand ethical way is not a simple task.
Foreclosure Investing ForDummies guides you how to invest in foreclosuresethically without feeling that you have taken advantage of people squeezed bydifficult circumstances. The book provides step-by-step instructions as to howto thoroughly research properties, sort out the best opportunities, acquireforeclosures, and avoid misleading distressed homeowners. The book does notdescribe and get-rich-scheme, but provides invaluable information that willhelp you become a successful investor, including:
· Identifying promising investment opportunitiesand understanding the risksinvolved
· Obtaining the required information toevaluate properties considered
· Researching property titles, mortgages,and deeds
· Obtaining the required tools, support, andresources
· Screening and identifying properties before the foreclosure process begins
· Assisting distressed homeowners during theforeclosure process without misleading them and with integrity
· Buying foreclosed properties prior toauctions at prices below market value
· Buying distressed properties at auctions,from government agencies and lending institutions, and
· Renovating, rehabilitating, repairing, and selling orleasing acquired properties, depending on circumstances, in order to achievesignificant profits
· Tips and strategies that will help you refinanceacquired properties at best terms, thus maximizing your profits.
The book also provides advice on how to helphomeowners, how to have them work with you in an ethical manner, and highlightscommon mistakes you should avoid in order to move the process smoothly andclose a profitable deal.
The book’s primary objective is to help you minimizerisks and maximize return, while assisting homeowners. This hands-onguide covers all aspects of foreclosure investing, from identifying potentialproperties to carefully assessing their value, researching and inspecting them,so you don't end up buying a money pit or a worthless piece of paper! The bookwill guide you how to deal with homeowners in the pre-foreclosure stage, how tobid for a property, how to buy bank-owned properties at well below market value— and how to ultimately sell for maximum profit.
