• ISBN13: 9780470122181
• Condition: USED – GOOD
• Notes:

Product Description
With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including:

• Identifying opportunities and understanding risks
• Obtaining information, tools, support, and resources
• Locating properties prior to foreclosure
• Assisting homeowners through the foreclosure process
• Acquiring properties below market value prior to the auction
• Buying property at an auction, from lending institutions, and government agencies
• Repairing, renovating, and selling or leasing property

This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

Foreclosure Investing For Dummies

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Buying Seattle foreclosures has undue benefits. The economy being badly hit by recession, buying real estate properties have become an aspect far from reality. Foreclosures which are old properties taken away from defaulting home owners, come at prices much lesser than the real estate market price. These properties with little renovation and repair makes an excellent home and for all those home buyers trying to make great bargains, foreclosures are the gateways. The best thing about buying these properties is that they give you instant equity and also you are deprived of the miscellaneous costs like the setting up of electrical fittings, water tanks, etc.

The specific benefits of buying a foreclosure in Seattle are the excellent residential conditions. The high healthcare facilities, great housing assistance, provision of loans for education and a standard lifestyle all these make the city the best place to live in.

The procedure for buying a foreclosure is simple sequence of steps. Browse through the foreclosure listings available in the area you want to invest in. the foreclosure list can be availed at the county office. Searching through the classifieds will also get the available foreclosures for you. There are numerous realtor agencies functioning online. Of the long list of available foreclosures, choose the ones meeting your needs. Compare their prices, inspect the home personally and choose the most affordable home. Find out if the internal and external factors comply with your standards. Check out the neighborhood conditions. See if the basic facilities like hospitals, schools, workplaces, shops, etc can be accessed from the home easily. Verify the documents of the home. See if the title is clear. Take the help of a professional expert in real estate and an attorney for your assistance.

The online resources can help you through each of the above stages. Entering the zip code of an area will fetch you the most reliable and comprehensive list of foreclosures available in that area. These also list the cost and features of the home. The comparison websites furnish comparative information of prices and also the contact details of the real estate agents.

Some of the foreclosures you can buy are the bank repo properties (repossessed properties), reo homes, HUD homes, government commercial foreclosures etc. The reo and the repo properties bought from banks make a secure investment of all the Seattle foreclosures.

Family #1 see problems in the future so they save their money, cut expenses and brace themselves for the turmoil of today. They are fortunate enough even though with the drop in employment, they so far have successfully suffered through these tough times Barely making each mortgage payment.

Family #2 on the other hand did not prepare at all. They went about their daily lives and did not change their spending habits. Soon enough they were falling behind on their mortgage payments and other bills. They are now on the foreclosure list waiting anxiously for some government mortgage bailout help.

Who do you feel needs the help?
Family #1 are just getting by with their existing mortgage.
Family #2 have no money and are in foreclosure.

Family #2 gets ALL the help. They get a reduced interest rate on their mortgage and possibly even a reduced amount on the principal amount of the total mortgage.

Family #1 gets NOTHING. They get no reduction in their mortgage interest rate and must continue to pay their full mortgage on a home that has lost almost $100,000.00 in value.

How do you feel about the way the gov’t is handling the mortgage crisis after reading this story that was on the news this morning?
Good Answer Carl Marx, only thing is Family 1 can’t sell because their home is not worth todays values and probably can’t refinance either because they have negative equity.
Dave S, not according to GMA on this morning. Family #1 is going to get no help at all.