Product Description

MAKE MONEY IN SHORT-SALE FORECLOSURES

Foreclosures are the most profitable way to invest in real estate. But most real estate books on foreclosures don't tell you how to invest in short-sale foreclosures--properties with even more profit potential than regular foreclosures. A short-sale foreclosure is a lender accepting a loan payoff for less than the amount owed. This comprehensive new guide from renowned real estate authors Chantal and Bill Carey covers all the ins and outs of short-sale foreclosure investing, from finding properties to negotiating with lenders, to closing the deal and making a bundle. Inside you'll find all the information you need to succeed:
* Finding great short-sale foreclosure deals
* Dealing with owners in financial distress
* When to buy short-sale foreclosures
* Creating equity in foreclosure properties
* Writing successful short-sale offers
* FHA, VA, and private mortgage insurance short-sales
* Purchasing short-sale properties at auction
* Understanding escrow, closing, and title insurance
* Flipping short-sale properties

Product Details

• Amazon Sales Rank: #199760 in Books
• Published on: 2006-04-07
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 288 pages

From the Inside Flap
Everyone knows real estate investing is a great moneymaking opportunity. But many investors don't know that short-sale foreclosures are an even better way to get into the real estate game. Rather than getting stuck with non-performing mortgages, lenders are making deals with investors to substantially discount these loans below the amount of the loan itself! Buying properties at this discounted price can be highly lucrative and extremely affordable. And the opportunities will continue to grow! The market for short-sale foreclosure properties is expected to double over the next few years, so now is the time to get into the game.

Make Money in Short-Sale Foreclosures shows novice investors how to find and purchase these bargains for the biggest possible profit. Renowned real estate authors Chantal and Bill Carey show you how to find these great deals, negotiate for the best price and terms, and employ a moneymaking strategy focused on either long- or short-term profits. This handy guide provides all the strategies savvy investors like you need and reveals all the inside secrets of short-sale investing.

Most foreclosure books will show you how to buy the equity of an owner in foreclosure. But when an owner has no equity to buy, most books will tell you to walk away from these little- or no-equity deals. Make Money in Short-Sale Foreclosures is one of the very few real estate books available that offers comprehensive coverage of short-sale foreclosure investing—including how to create equity with these low- or no-equity deals. From buying properties directly from lenders to winning at foreclosure auctions, this handy guide reveals all the inside secrets you need to know to take advantage of these unbeatable moneymaking opportunities.

From the Back Cover
MAKE MONEY IN SHORT-SALE FORECLOSURES

Foreclosures are the most profitable way to invest in real estate. But most real estate books on foreclosures don't tell you how to invest in short-sale foreclosures—properties with even more profit potential than regular foreclosures. A short-sale foreclosure is a lender accepting a loan payoff for less than the amount owed. This comprehensive new guide from renowned real estate authors Chantal and Bill Carey covers all the ins and outs of short-sale foreclosure investing, from finding properties to negotiating with lenders, to closing the deal and making a bundle. Inside you'll find all the information you need to succeed:

• Finding great short-sale foreclosure deals
• Dealing with owners in financial distress
• When to buy short-sale foreclosures
• Creating equity in foreclosure properties
• Writing successful short-sale offers
• FHA, VA, and private mortgage insurance short-sales
• Purchasing short-sale properties at auction
• Understanding escrow, closing, and title insurance
• Flipping short-sale properties

About the Author
Chantel Howell Carey, a member of Zonta International, has handled millions in real estate sales and management as a broker, consultant, and trustee.

Bill Carey began selling real estate in 1977 and is a former director of the San Diego Association of Realtors and the California Association of Realtors. Chantal and Bill are also seminar speakers and international real estate and trust consultants. Bill is a tax consultant as well. Together, they are also the authors of several other books, including The New Path to Real Estate Wealth, Quick Cash in Foreclosures, Make Money in Real Estate Tax Liens, and the bestselling How to Sell Your Home Without a Broker, all from Wiley.

Customer Reviews

Slightly helpful - Maybe
The book has a couple good points, and is probably benefical to a novice pre-foreclosure investor, but is not worth the time or money of any pre-foreclosure investor thats ever closed a deal before. Most of the examples in the book 'window dressed' profits on deals by not listing all expenses involved.

Boy one, get them all at the same time
I have bought a ton of books on foreclosures, and top be honest, there are all pretty much the same - vith variations. Short sales are not as easy as they say they are. I would put my money into a book that encompassed all facets of property foreclosure. Probably be better value.

One of my top three real estate investing books
This book will help you accurately determine the market value of a property. Looking back, I can take Bill and Chantal's way to determine this and realize my mistakes. There were times I had properties in my hand but was too low on my market value comps. Also what I learned from this book was when to know it is a property for a short sale (less than 15% equity) and when it is not. Did you know that 95% of investors out there, according to Bill and Chantal, will walk away and not bother with short sales? This book outlines the steps to follow the process of negotiating a short sale and have it come out in your favor. Very good read!!! It is hot off the press.