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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: $11.93
You Save: $10.02 (46%)
Buy New/Used from $11.72
Avg. Customer Rating:  (14 reviews)
Sales Rank: 16508
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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| Customer Reviews:
| Showing reviews 11-14 of 14 | | « PREV | | |
Complete, Concise and Clear. October 11, 2006
17 out of 19 found this review helpful
I had never really thought that investing in foreclosure properties was something that I, a normal working middle-class person could do. Sure, I'd watch the infomercials and wish that I had the income and nest egg to allow me to invest in real estate, but I never gave it serious thought. I didn't think it was possible. After reading this book I know it's not a matter of "if only I could" but more a case of "when I find the right property."
One thing that struck me as extremely useful was the detailed amount of background and information the book provides. The process of foreclosure can be intimidating to someone who is not familiar with the banking industry. It becomes even more difficult to understand when you consider that each state has the potential of having their own set of rules and laws. This book covers all the bases in accessible language, graphs and even screen shots of web pages. The financial jargon is explained clearly and easy to understand examples are provided. Each step including: identifying possible pre-foreclosure properties through advertising or public records searches, contacting homeowners, negotiating, and financing options are laid out and discussed. Networking and the processes surrounding reselling of a purchased house are also described.
Finally, the book contains a great deal of additional information in the form of a comprehensive glossary and a bibliography of on-line sites where you can do additional research on the various topics of the book. Needless to say, this book was a great springboard of motivation and information for me to get started in the pre-foreclosure housing market.
Secrets revealed: the goldmine of pre-foreclosure investing October 9, 2006
10 out of 11 found this review helpful
It's probably not a stretch to say that most people have heard about the great deals to be had from real estate foreclosure sales, but The Pre-Foreclosure Real Estate Handbook shows investors - both aspiring and experienced - how to purchase properties during the pre-foreclosure, rather than waiting for the foreclosure when banks generally try to get as close to market value for the foreclosed home as possible.
Author Frankie Orlando takes readers step-by-step through the process of buying a home during pre-foreclosure, hitting on such topics as how to find foreclosed homes, how to find investment money, and how to negotiate. One of the most valuable aspects of the book is the chapter on advertising one's services as a Foreclosure Specialist, one who buys homes in pre-foreclosure. The chapter is chock full of creative ways to advertise online and offline, including a discussion on what forms of advertising are illegal in certain states. Perhaps best of all, the advertising ideas are a great alternative to cold-calling, something many of us dread!
The Pre-Foreclosure Handbook also offers more than 100 useful links, an extensive glossary, and case studies from investors who have been there and done that. All in all, The Pre-Foreclosure Handbook is an excellent, informative read for those interested in real estate investing. Definitely a must-read if you've ever thought about investing in real estate.
A New Market for Me October 6, 2006
21 out of 26 found this review helpful
I was looking for a way to expand my real estate investments, and to do so without assuming additional major obligations. Frankie Orlando's handbook opens up a real estate avenue that is entirely new to me. I had never thought that the foreclosure market was available to non-professionals but the "secrets" revealed in this book show that, not only is it possible, but non-professionals, like me, have as good an opportunity to succeed as the pros . . . and in some cases, I think, even better.
In my small rural community the marketing approach outlined by Mrs. Orlando will be effective, I'm sure. I've followed the process laid out in the handbook and found four pre-foreclosure prospects, two of which are suitable for my intended use. I'm preparing to contact the homeowners following Chapter 6 guidelines and the we'll see how good I am in closing a deal. Whether or not I succeed this time, Frankie Orlando's handbook has already gotten me deep into the pre-foreclosure market and, thanks to her, I'm sure that I'll eventually achieve success.
Pre-Forclosure Real Estate De-Mystified October 4, 2006
6 out of 6 found this review helpful
This book focuses how new investors can obtain property at bargain rates from banks, public auctions, and other means. More than 4% of all mortgage loans are delinquent and heading towards foreclosure. This creates a market where properties can be purchased at a fraction of their original cost by investors.
This book differs from others in the genre because it explores in detail more modern approaches as well as the tried and true. Suggestions include using mail merge, online search sites, and Google AdWords. I found this section helpful because it gave me very specific ideas of how I could use technology better within the industry.
Budgeting is very important when buying properties. Also featured in the book is an extensive section on how to evaluate and select pre-foreclosure properties, including costly repairs to avoid and suggested websites for general repair estimates. A six page worksheet will help you determine necessary repairs and formulate a budget. This is the most comprehensive budgeting tool I have seen in a real estate book, making this book an invaluable resource.
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