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| The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Market | 
 enlarge | Author: Frankie Orlando
Publisher: Atlantic Publishing Company (FL)
Category: Book
List Price: $21.95
Buy New: $14.20
You Save: $7.75 (35%)
Buy New/Used from $13.74
Avg. Customer Rating:  (13 reviews)
Sales Rank: 15831
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 346
Shipping Weight (lbs): 0.9
Dimensions (in): 8.8 x 5.9 x 0.9
ISBN: 0910627665
Dewey Decimal Number: 332.6324
EAN: 9780910627665
ASIN: 0910627665
Publication Date: September 5, 2006
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Book Description
The Pre-Foreclosure Real Estate Handbook explains everything you need to know to locate and purchase real estate bargains from banks, public auctions, and other sources. Whether you are a first-time homeowner or an experienced property investor, The Pre-Foreclosure Real Estate Handbook is a tremendous guide for buying pre-foreclosed homes in any market. You will learn the simple formula (developed from real-life experience) that can build massive wealth through real estate foreclosures. The Federal Reserve Bank indicates"....that foreclosed properties average 22% less than typical properties." Home foreclosures are at their highest peak in years; you can be one of the thousands earning six-figure incomes in this lucrative segment of the real estate marketplace. You can do this part-time or full-time. Learn how to buy directly from property owners whose mortgage loans are in default and stay away from courthouse-bidding feuds. With the help of this new book, property investing can be a very lucrative line of work. You will learn how to identify the most valuable properties and control every step of the procedure. We spent thousands of hours interviewing, e-mailing, and communicating with hundreds of today?s most successful real estate investors. If you are interested in learning hundreds of hints, tricks, and secrets on how to make money (or more money) investing in real estate foreclosures, then this book is for you! The Pre-Foreclosure Real Estate Handbook is the resource for novices and pros alike; it will guide you through every step of the process including finding properties, negotiating, and closing on your first deal. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away. This book gives you the proven strategies, innovative ideas, and case studies from experts to help you get more with less time and effort.
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| Customer Reviews: Read 8 more reviews...
 Mostly generalities December 25, 2007
3 out of 3 found this review helpful
This book provides a very general overview of the foreclosure process, but it provides very little specific information that you would actually need. This book might be a good resource to the novice (like myself), but it does not get you all the way there. Try checking out a real estate investors blog.
Good Background Information September 20, 2007
7 out of 7 found this review helpful
This material is good basic information for anyone wanting to get started in buying potential foreclosure properties. Begins by explaining basic terms and processes - eg. mortgage foreclosures lead to Sheriff's Sales, while Deeds of Trust lead to "Trustee's Sales" and lack a redemption period (owners can buy back their property during this period, leaving you with nothing to show for your effort, though you do get your money back).
On average, foreclosure buyers have 90 days + 20 days publication time to work a deal with the homeowners. Buying from onwers prior to foreclosure also eliminates the redemption period. FHA and VA loans are much more likely to be assumable.
Buying at auction means having to contend with competitors, an inability to inspect the property prior to bidding, and all sales being final. After foreclosure one is less likely to get a good price, it is harder to inspect the property (utilities probably turned off).
Finding foreclosure properties is eased by looking in public records for "Lis Pendens" (judicial process) or the "Notice of Default" (non-judicial process); there is also the later Foreclosure Auction notice. Other sources include looking in the newspaper of record and/or the County Recorder database. Still other sources include divorce proceedings (likely problems with the lawyers involved), probate filings, FSBO listings, Internet sites (eg. foreclosure(s).com, street signs, Internet ads.
Author also recommends a full title search ($100-$350), and contracts written "Subject to" eg. inspections.
great book March 8, 2007
9 out of 14 found this review helpful
i wanted to learn about investing in foreclosures so i purchased this book. it's full of resources and solid advice. it's obvious that the writer has much experience in this field. the writing is easy to read and humorous at times. highly recommended.
Pre-Foreclosure R.E. Handbook March 4, 2007
7 out of 9 found this review helpful
Excellent book, writer F. Orlando give's Great insight to
the whole foreclosure process and the way to approach
this business investment. Book written in Easy to read
style, with good legal issues to consider in this business.
Great Read!
Very good for beginners January 22, 2007
17 out of 18 found this review helpful
The book's strategy offers a simple method for identification for properties, including how to approach owners AND lenders. Sending attractive offers such as short sales and how to wait out lender approval. This is a very good read for beginners wanting to enter into the foreclosure market, especially in the current situation of higher interest rates and lower consumer demand for real estate. There will be a spike of foreclosures.
-Matt
Illustrator for The Ultimate Foreclosure Kit
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