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Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts

Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts

Learn all about short-sales, the hottest topic in today’s real estate investing market, with Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts. Understand how to buy properties at bi

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3 Responses to “Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts”

  • S. Kristofer Voigt:
    58 of 65 people found the following review helpful
    1.0 out of 5 stars
    Okay for beginners – Mostly fluff for anyone experienced, June 28, 2008
    By 
    S. Kristofer Voigt (Atlanta GA) –
    (REAL NAME)
      

    This review is from: Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts (Paperback)

    The book does a “decent” job discussing the “big picture” of short sales to someone that has little knowledge of the subject. However, someone looking for an investment strategy in short sales with exact steps layed out to follow and duplicate would be disappointed in this read. A lot is left for the reader to figure out on their own. For example, with respect to marketing for potential sellers, the idea of mailing postcards is discussed, which is good, however, there is little instruction/advice on how to put together an effective mailing list or what the postcard should even say. Also, there is little “real life” information regarding the exit strategies of short sales. The book discusses using an “assignment” as an exit strategy, however, most if not all lenders will not approve purchase contracts that have an assignable clause included. Therefore, this exit strategy is not effective. The book briefly discusses “subject to” transactions and fails to mention that when taking title to property “subject to” an existing mortgage staying in place, this is a direct violation of the “due on sale” clause, in which the original lender now has the right to call the loan due in full. In my opinion, this is another example of how the book lacks certain information that a reader should be told.

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  • Cindy Y. Auer:
    14 of 16 people found the following review helpful
    5.0 out of 5 stars
    informative, June 24, 2008
    By 
    Cindy Y. Auer (Nashville, TN) –
    (REAL NAME)
      

    This review is from: Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts (Paperback)

    This book is a must read for anyone in this business or for anyone wanting to get in this lucrative business. With the market the way it is today, the timing of this release couldn’t be better. Their book guides you step by step to empower you to make your deals. I would highly recommended this book for both the experienced and especially for all beginners. I wish I could have read it when I first started. It would have saved me a lot of grief and money.

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  • Gale Armel:
    5 of 5 people found the following review helpful
    5.0 out of 5 stars
    Great Book from Great People!, July 16, 2008
    By 
    Gale Armel
    (REAL NAME)
      

    This review is from: Short-Sale Pre-Foreclosure Investing: How to Buy “No-Equity” Properties Directly from the Bank — at Huge Discounts (Paperback)

    I love this book and the fact that Dwan and Sharon were so kind to include forms that I could download and uses in my business. More bang for my buck. I have their Short Sale and Wholesale programs and closed my first real estate deal using their system. Simply put, IT WORKS!!! I’ve seen many other programs and none of them come close to explaining the “how to’s” in a step by step manner as they do. I highly recommend their books and programs.

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