Book description
Buy bank-owned properties at fire-sale prices!
Banks and lending institutions today own more than one million
foreclosed properties, more are in the foreclosure pipeline. Banks
desperately want to get these properties off their balance sheets, but
there aren't enough buyers. The result is a soft real estate market
with prices investors and homeowners may not see again in their lifetime.
In recent years many bargain-hunting investors and homebuyers made
the mistake of trying to get foreclosure prices via short sales and
pre-foreclosure-- before the bank reclaimed the property. They've been
burned by endless delays and uncertainty of the messy foreclosure
process. With bank-owned properties, that's over. You deal directly
with a motivated seller-the bank-and get the foreclosure price without
the hassles and complexity of a short sale or pre-foreclosure.
This book shows you how to negotiate the best possible terms with the
real estate owned (or REO) department of a bank or lender, including
step-by-step instructions and no-nonsense advice on finding great
deals, estimating fair market value, and closing the deal. You don't
need a ton of cash, because REO investing at fire-sale prices is
affordable for almost any investor or homebuyer.
- Provides detailed, step-based guidance on buying REO properties
- Written by a super-successful REO investor with fifteen years of
experience
JEFF ADAMS is the nation's leading expert in in
foreclosure and REO investing. His automated internet-based systems
for attracting buyers, sellers, and investors have enabled him to be
involved in hundreds of transactions since 1995, and during many of
those years he worked as a full-time firefighter!
