The Complete Idiot's Guide to Buying Foreclosures, 2nd Edition
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Customer Review
A Great Resource!
Thoroughly researched and easy-to-understand, this educational reference guide is a great resource for anyone who's interested in foreclosures -- or residential real estate, in general. I especially liked the section on cautions for potential investors. Novice-level and experienced investors will appreciate all the helpful tips and advice. This book is packed with information. Highly recommended!
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Very complete and educational
I found this book to be full of good information. It contains everything from the absolute basics to a more advanced explanation of different types of deals that can be done on foreclosures. It has a great definition of the foreclosure process and everything you need to know.Not sure what the last reviewer's problem is with the references cited. In specific regards to Matt Bowman, I have used what this guy has taught for years. It has helped me pick up multiple properties with no money down and not having to get a mortgage. What he teaches works. The book includes a lot of information from him on lease options and "subject to" deals, which are creative deals that can be done with no money down and not having to qualify for a mortgage, so even someone with bad credit can do them! I have also seen Jackie Lange's (another author quoted) materials and have seen her do business for years. She is very knowledgable and actually pratices what she preaches.There are...
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Product Description
This invaluable guide explains everything readers need to know about finding and financing foreclosed and soon-to-be foreclosed residential properties with the highest potential return. Completely updated, this new edition reflects recent changes in the way banks and the government dispose of foreclosed properties, covers new laws, and advises how to steer clear of scams.
? First edition sold more than 30,000 copies in a year and a half
? The national residential foreclosure rate rose to from .75% to 1.16% (of all mortgages) by the end of 2006-the biggest jump in 30 years
? Foreclosures are expected to continue to increase as interest rates rise and monthly payments on short-term variable rate and interest-only loans make homes unaffordable
Provides good information for getting started
Provides a large amount of information in a concise but easy-to-read format. Considering all of the nuances of buying foreclosures, from the legal considerations to the occupation stage, the author does a good job of capturing and conveying the essentials. The author also does a good job of communicating both public and private foreclosure opportunities, which is important in many states.The author focuses primarily on 'investing in foreclosures' vs. 'buying a foreclosure for your primary residence.' Consider this when comparing to other books.Could have used more specific information on where to look for foreclosure opportunities, but the book does mention that actively searching and networking is a key to the game.Overall, a good, easy read with valuable information for anyone wishing to enhance their real estate expertise.
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