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| Goldmining in Foreclosure Properties | 
 enlarge | Author: George Achenbach
Publisher: Wiley
Category: Book
List Price: $27.95
Buy New: $1.99
You Save: $25.96 (93%)
Buy New/Used from $1.99
Avg. Customer Rating:  (13 reviews)
Sales Rank: 714391
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 5
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 1.3
Dimensions (in): 10.6 x 8.3 x 0.7
ISBN: 0471464856
Dewey Decimal Number: 332.63243
UPC: 723812608768
EAN: 9780471464853
ASIN: 0471464856
Publication Date: October 6, 2003
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
Start Building Wealth Today by Investing in Distressed Properties!
Combining proven strategies with nearly thirty years' experience in real estate, author George Achenbach takes you step by step through the entire foreclosure process-from the first notice of default to the foreclosure sale or auction to the final disposition of the property. Everything you need to know to purchase and profit from distress properties is here, including sample forms, worksheets, checklists, and real-life examples, as well as procedures to follow, evaluation techniques, and negotiating tips. There are even suggestions on leasing homes, creating rental income, saving on taxes, and avoiding pitfalls. Additionally, a new chapter covers the pros and cons of bankruptcy and highlights the latest proposed changes in the law such as the homestead exemptions and needs-based rules.
Goldmining in Foreclosure Properties shows investors and first-time buyers how to take advantage of one of the most profitable investment opportunities in the world with expert guidance on:
* Procedures for locating distressed properties
* Financial analysis techniques for evaluating property and making the right offer
* Bidding successfully at auctions
* Effectively dealing with lenders when the property goes REO
* How you can benefit from reselling property quickly
* Negotiating tips for dealing with new purchasers and profitably transferring titles
* Generating rental income, capital appreciation, and tax savings through property leasing
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| Customer Reviews: Read 8 more reviews...
 Not relevant -not worth your money January 11, 2006
2 out of 2 found this review helpful
Frankly put, the information and examples contained in this book were probably relevant in 1999 when the book was published, but after 2000 many of the examples and principles became irrelevant in our changing economic world. Real estate became the sexy investment of choice, new types of mortgage products became available and owners and renters alike became much more sophisticated. The author talks about buying houses for $36,000!!! Perhaps in the early 1980's, but not anymore--especially not in California which is where most of his real estate dealmaking took place.
Save your money and purchase another real estate book on pre-foreclosure prospecting, or the financials of property ownership. It will be money well spent.
Don't waste your money December 10, 2004
2 out of 5 found this review helpful
The material is out-of-date. This book only talked about a little bit about everything on foreclosure. don't waste your money.
 Foreclosure is not an easy subject, but this is a keeper... January 17, 2003
14 out of 14 found this review helpful
George Achenbach, has written other real estate books under the names Val Cabot and Lee Crown. He has been a builder of 7,000 houses and a buyer of foreclosed properties. He tells of his sucesses as well as his unsucessful ventures into the foreclosure world. His book has pictures of and descriptions of the various foreclosure cases with which he has been involved. His book is written from the prespective of somebody who actually worked foreclosures for many years. This is not the easiest area of real estate investment to work, but through deligence and perserverance the rewards can be extremely lucrative. There are other books on foreclosure, but I can't think of any that are as good. Over 50,000 copies of this book have been sold and with good reason. There are a lot of PRETENDERS in the foreclosure field with books and course that have high promises and little substance. George Auchenbach is the REAL Deal. He's done foreclosure investing for many years and has written an easy to read layman book on foreclosure.
My only criticism is that some aspects are dated. The cases in the book stretch back over the 30+ year career of the author and therefore some of the dollar amounts and the years of the transactions are old. However the principles and lessons learned from the author's experiences are timeless. This is best book on foreclosure that I've read, but I'm still looking for something better, that perfect book. If I could I would have rated it 4.5 stars. I recommend this book to anyone interested in buying foreclosure real estate.
Vague, outdated info August 25, 2002
4 out of 19 found this review helpful
This book reminds me of the joke "How to Make a Million Dollars and Never Pay Taxes". Step 1: First you get a million dollars.All the info was about that useful.
This Book is a Goldmine of Information! August 29, 2001
2 out of 10 found this review helpful
Very informative and well written, great resource for foreclosure knowledge.
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