Product Description

The Pre-Foreclosure Real Estate Handbook explains everything you need to know to locate and purchase real estate bargains from banks, public auctions, and other sources. Whether you are a first-time homeowner or an experienced property investor, The Pre-Foreclosure Real Estate Handbook is a tremendous guide for buying pre-foreclosed homes in any market. You will learn the simple formula (developed from real-life experience) that can build massive wealth through real estate foreclosures.

The Federal Reserve Bank indicates"....that foreclosed properties average 22% less than typical properties."

Home foreclosures are at their highest peak in years; you can be one of the thousands earning six-figure incomes in this lucrative segment of the real estate marketplace. You can do this part-time or full-time. Learn how to buy directly from property owners whose mortgage loans are in default and stay away from courthouse-bidding feuds. With the help of this new book, property investing can be a very lucrative line of work. You will learn how to identify the most valuable properties and control every step of the procedure.

We spent thousands of hours interviewing, e-mailing, and communicating with hundreds of today’s most successful real estate investors. If you are interested in learning hundreds of hints, tricks, and secrets on how to make money (or more money) investing in real estate foreclosures, then this book is for you!

The Pre-Foreclosure Real Estate Handbook is the resource for novices and pros alike; it will guide you through every step of the process including finding properties, negotiating, and closing on your first deal. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away. This book gives you the proven strategies, innovative ideas, and case studies from experts to help you get more with less time and effort.

Product Details

• Amazon Sales Rank: #203651 in Books
• Published on: 2006-09-05
• Original language: English
• Number of items: 1
• Binding: Paperback
• 346 pages

Features

• ISBN13: 9780910627665
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

Review
"...Do not get into the pre-foreclosure real estate investment market until you have read this cover-to-cover." -- Anthony Marotta, President; Allied Property Management Group, Inc.; Palm Beach, FL

About the Author
Frankie Orlando is a freelance writer living in Fairfax, Virginia. She lives there with her husband, two daughters, and three cats. Frankie has watched real estate prices double in the ten years that she has lived in the Northern Virginia area. Frankie and her family enjoy visiting the museums in Washington, D.C. and study Tae Kwon Do together (currently at the green belt level). In her free time, Frankie tries catching up with her photo albums.

Customer Reviews

Very good for beginners
The book's strategy offers a simple method for identification for properties, including how to approach owners AND lenders. Sending attractive offers such as short sales and how to wait out lender approval. This is a very good read for beginners wanting to enter into the foreclosure market, especially in the current situation of higher interest rates and lower consumer demand for real estate. There will be a spike of foreclosures.

-Matt
Illustrator for The Ultimate Foreclosure Kit

The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Market
The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Market by Frankie Orlando, published by Atlantic Publishing Group, Inc.

Rating: 5 stars out of five.

This handbook, in 267 pages, explains, step by step, everything an investor would like to know about purchasing real estate from any source. The author, through personal experience, became wealthy by buying real estate before foreclosures took place (hence the term "pre-foreclosure"). The research used to write the handbook is very thorough and detailed. The author covers purchasing techniques, called "short sales," and also details how to locate likely pre-foreclosure properties. The handbook contains hundreds of tips, hints, secrets, and techniques from successful pre-foreclosure investors. The book's glossary alone runs 62 pages and it's very helpful!

This handbook is aimed at novice real estate investors, but professional real estate investors will find a wealth of information, too. Case studies are included, such as one on how to avoid "analysis paralysis." This one gives advice on how to expedite the process of investing without getting bogged down in research on the property or owner. How to sell the property once you have purchased it is also included in the handbook. Unusual and useful information, such as how to find missing homeowners and how to address your contact envelopes, covers everything an investor needs to know and pitfalls to avoid. The author even explains credit scores and how they are determined, which is useful for everyone who has a credit rating and wants to improve it.

Complete, Concise and Clear.
I had never really thought that investing in foreclosure properties was something that I, a normal working middle-class person could do. Sure, I'd watch the infomercials and wish that I had the income and nest egg to allow me to invest in real estate, but I never gave it serious thought. I didn't think it was possible. After reading this book I know it's not a matter of "if only I could" but more a case of "when I find the right property."

One thing that struck me as extremely useful was the detailed amount of background and information the book provides. The process of foreclosure can be intimidating to someone who is not familiar with the banking industry. It becomes even more difficult to understand when you consider that each state has the potential of having their own set of rules and laws. This book covers all the bases in accessible language, graphs and even screen shots of web pages. The financial jargon is explained clearly and easy to understand examples are provided. Each step including: identifying possible pre-foreclosure properties through advertising or public records searches, contacting homeowners, negotiating, and financing options are laid out and discussed. Networking and the processes surrounding reselling of a purchased house are also described.

Finally, the book contains a great deal of additional information in the form of a comprehensive glossary and a bibliography of on-line sites where you can do additional research on the various topics of the book. Needless to say, this book was a great springboard of motivation and information for me to get started in the pre-foreclosure housing market.