Quick Cash in Foreclosures »

CHANTAL HOWELL CAREY, a member of ZONTA International, has handled millions in real estate sales and management as a broker, consultant, and trustee.

BILL CAREY began selling real estate in 1977, and is a former director of the San Diego Association of Realtors and the California Association of Realtors. Chantal and Bill are also seminar speakers and international real estate and trust consultants. Bill is a tax consultant as well. Together, they are also the authors of several other books, including The New Path to Real Estate Wealth and the bestselling How to Sell Your Home Without a Broker, both from Wiley.

Earn fast profits on foreclosures–with little or no money down!

Foreclosure properties are one of today’s hottest investments–and one of the quickest, easiest ways to turn a profit in real estate. But with so many investors in the game, competition is driving auction prices through the roof. This book introduces both novice and experienced real estate investors to a better way to invest in foreclosures. This step-by-step guide shows you how to find great foreclosure properties, purchase the seller’s equity for pennies on the dollar, and then sell the contract to another investor for quick cash.

If it sounds simple, it is! Quick Cash in Foreclosures shows you how to profit from foreclosures without risking your savings. You don’t have to qualify for a loan, battle the hordes at foreclosure auctions, or pay exorbitant repair and resale costs. All you have to do is apply the authors’ proven system and you too can earn fast profits in the foreclosure market. With this straightforward guide, you’ll learn how to:

• Find owners in distress
• Purchase an owner’s equity, not their property
• Negotiate with the lender before foreclosure
• Purchase FHA and VA government foreclosures
• Profit in the secondary mortgage market–Fannie Mae, Freddie Mac, and FDIC foreclosures
• Get the lowest purchase price at foreclosure auctions
• Flip, assign, or option your foreclosure contracts
• Use easy paperwork and clauses for maximum protection

Preface.

Introduction.

1. Quick Cash in Foreclosures.

2. What is a Foreclosure?

3. Why Buy Foreclosures?

4. How to Buy Foreclosures.

5. When to Buy Foreclosures.

6. How to Find Foreclosures.

7. Negotiating with the Owner.

8. Buying the Equity.

9. Negotiating with the Lender Pre-Foreclosure.

10. FHA & VA Foreclosures.

11. Fannie Mae, Freddie Mac & FDIC Foreclosures.

12. IRS Foreclosures.

13. Buying on the Courthouse Steps.

14. Flipping Foreclosures.

15. Assigning Foreclosures.

16. Optioning Foreclosures.

17. Buying from the Lender.

18. Paperwork, Escrow, and Title Insurance.

Appendix A: Deeds Chart.

Appendix B: Loans Chart.

Appendix C: Contracts.

Glossary.

Index.