Foreclosure Investing for Dummies (For Dummies)

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including:

• Identifying opportunities and understanding risks
• Obtaining information, tools, support, and resources
• Locating properties prior to foreclosure
• Assisting homeowners through the foreclosure process
• Acquiring properties below market value prior to the auction
• Buying property at an auction, from lending institutions, and government agencies
• Repairing, renovating, and selling or leasing property

This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

With interest rates on the rise and the housing market cooling down, foreclosures are more common than ever. Savvy investors can find great deals on foreclosed properties and turn a big profit through resale. When it comes to foreclosures, investors need the right information to make the best, most informed choices. Foreclosure Investing For Dummies covers all the vital topics in foreclosures, from identifying potential properties to assessing value to dealing with lenders and real estate agents. This is a reliable, informative guide for would-be investors who want to take advantage of this timely and profitable niche market.

Minimize your risks and maximize your return, while assisting homeowners

Want to buy and sell foreclosure properties? This hands-on guide covers all aspects of investing in foreclosures, from identifying potential properties and assessing value to carefully researching and inspecting properties, so you don't get stuck holding a money pit . . . or even worse, a worthless piece of paper! Discover how to deal with homeowners in preforeclosure, bid for a property, buy bank-owned properties at well below market value — and ultimately sell for maximum profit.

• Research property titles, mortgages, and deeds

• Build a strong investment team

• Obtain financing

• Network your way to success

• Avoid common pitfalls

• Invest with integrity

Joe Kraynak is the author of more than fifty books, including Flipping Houses For Dummies.

Part I: Prepping Yourself for Foreclosure Success.

Chapter 1: Wrapping Your Brain around Foreclosure Investing.

Chapter 2: Getting Up to Speed on the Foreclosure Process.

Chapter 3: Picking Your Point of Entry in the Foreclosure Process.

Part II: Laying the Groundwork for Maximized Profit and Minimized Risk.

Chapter 4: Building a Powerful Foreclosure Investment Team.

Chapter 5: Filling Your Foreclosure Tank with Financial Fuel.

Chapter 6: Networking Your Way to Foreclosure Success.

Part III: Creating Win-Win Situations in Pre-Foreclosure (Prior to Auction).

Chapter 7: Discovering Homeowners Facing Foreclosure.

Chapter 8: Building a Property Dossier.

Chapter 9: Contacting the Homeowners and Lenders.

Chapter 10: Analyzing the Deal and Presenting Your Offer.

Part IV: Finding and Buying Foreclosure and Bankruptcy Properties.

Chapter 11: Bidding for Properties at a Foreclosure Sale.

Chapter 12: Buying Repos: Bank Foreclosures and REO Properties.

Chapter 13: Finding and Buying Government Repos.

Chapter 14: Banking on Bankruptcies.

Chapter 15: Sampling Some Other Foreclosure Strategies.

Part V: Cashing Out Your Profit . . . after the Sale.

Chapter 16: Assisting the Previous Homeowners Out the Door.

Chapter 17: Repairing and Renovating Your Investment Property.

Chapter 18: Cashing Out: Selling or Leasing Your Property.

Chapter 19: Checking Out Other Cash-Out Strategies.

Part VI: The Part of Tens.

Chapter 20: Ten Common Beginner Blunders.

Chapter 21: Ten Ways to Maximize Future Leads by Acting with Integrity.

Chapter 22: Ten Tips for Avoiding Common Foreclosure Minefields.

Appendix: Foreclosure Rules and Regulations for the 50 States.

Index.