Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders

by Chantal Howell Carey and Bill Carey

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 0471760846
• ISBN13: 9780471760849
• Release Date: April 2006
• Publisher: John Wiley & Sons
• Length: 267 Pages
• Weight: 1.15 lbs.
• Dimensions: 1.0" x 6.3" x 9.3"

Customer Reviews

Ok, title is a tiny bit misleading.....

I am completely thrilled with this book, it is easy to read, not super technical, and it's fun yet concise teaching style gets you pumped up about making profits in a very little explored area of real estate finance, pre-foreclosure investing. There are several examples in each chapter giving approximate dollar figures in several hypothetical scenarios, with several different strategies. These figures are a great visual aid in learning how to make profits, and even how to create equity in situations where the buyer has none to buy! The authors walk you through each step of the deal, how to deal with various other types of liens and mortgages, and there are a few sample contracts and agreements. I agree the title is a bit misleading, because it is always necessary to negotiate a sales contract with both the lender and homeowner in case of a short-sale deal, but don't let that deter you, because in these cases, seller and lender will be extremely motivated! What they teach you here will allow you to vaporize the competition, they will walk away, you will be left with the best deal, everybody's happy.

Solid information

I found this book pretty good.... It definitely spelled out all the details of short sales.... I think for property investors trying to understand exactly what is involved with short sale purchases this book is perfect. The book was written at a level that I enjoyed....not overly complicated.

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.