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How to Buy Bank-Owned Properties for Pennies on the Dollar : A Guide to REO Investing in Today's Market
by Jeff Adams


Overview - Buy bank-owned properties at fire-sale prices

Banks and lending institutions today own more than one millionforeclosed properties, more are in the foreclosure pipeline. Banksdesperately want to get these properties off their balance sheets, but there aren't enough buyers.  Read more...


 
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More About How to Buy Bank-Owned Properties for Pennies on the Dollar by Jeff Adams
 
 
 
Overview
Buy bank-owned properties at fire-sale prices

Banks and lending institutions today own more than one millionforeclosed properties, more are in the foreclosure pipeline. Banksdesperately want to get these properties off their balance sheets, but there aren't enough buyers. The result is a soft real estatemarket with prices investors and homeowners may not see again intheir lifetime.

In recent years many bargain-hunting investors and homebuyersmade the mistake of trying to get foreclosure prices via shortsales and pre-foreclosure-- before the bank reclaimed the property.They've been burned by endless delays and uncertainty of the messyforeclosure process. With bank-owned properties, that's over. Youdeal directly with a motivated seller--the bank--and getthe foreclosure price without the hassles and complexity of a shortsale or pre-foreclosure.

This book shows you how to negotiate the best possible termswith the real estate owned (or REO) department of a bank or lender, including step-by-step instructions and no-nonsense advice onfinding great deals, estimating fair market value, and closing thedeal. You don't need a ton of cash, because REO investing atfire-sale prices is affordable for almost any investor orhomebuyer.

  • Provides detailed, step-based guidance on buying REOproperties
  • Written by a super-successful REO investor with fifteen yearsof experience


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Details
  • ISBN-13: 9781118018347
  • ISBN-10: 1118018346
  • Publisher: Wiley
  • Publish Date: November 2011
  • Page Count: 252
  • Dimensions: 9.29 x 6.37 x 0.93 inches
  • Shipping Weight: 0.96 pounds


Related Categories

Books > Business & Economics > Real Estate - Buying & Selling Homes

 
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