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Theodore J. Dallow
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How to Buy Foreclosed Real Estate: For a Fraction of Its Value Paperback – April 1, 2008

by Theodore J Dallow (Author)
4.1 4.1 out of 5 stars 30 ratings
See all formats and editions
As foreclosures increase, so do the odds of finding the home of your dreams! You can ride out the storm in the housing market and find great real estate at amazing values. Whether you're looking for a new home or an investment property, this step-by-step guide will show you how to find, buy, and finance foreclosed property. This new edition includes information on: The current state of the housing market and the opportunities it offers; How to find foreclosed property on the Internet; Short selling and other techniques for buying foreclosed real estate. You'll also learn how to: Research properties; Get the best financing; Manage investment properties; Limit repair and remodeling costs. Real estate experts Don Ayer and Dick Pas have revised Theodore J. Dallow's classic text and added invaluable new material in the process, making this the only guide you'll ever need to buying foreclosed property.
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Previous page
  1. Print length
    192 pages
  2. Language
    English
  3. Publisher
    Adams Media
  4. Publication date
    April 1, 2008
  5. Dimensions
    5.5 x 0.53 x 8.44 inches
  6. ISBN-10
    1598696696
  7. ISBN-13
    978-1598696691
  8. See all details
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Editorial Reviews

About the Author

Theodore J. Dallow was the owner of three Century 21 real estate offices inn Nassau Country, New York. He was the managing broker for HU Foreclosed Properties in southern Nassau County.

Don Ayer has been a real estate broker for more than twenty-five years. He lives in Waukesha, WI.

Dick Pas is an attorney, licensed real estate broker, and co-owner and president of Heartland Home Mortgage. He has previously represented the Small Business Administration in bankruptcy and foreclosure matters. He lives in Hales Corners, WI.

Product details

  • Publisher ‏ : ‎ Adams Media; 3rd edition (April 1, 2008)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 192 pages
  • ISBN-10 ‏ : ‎ 1598696696
  • ISBN-13 ‏ : ‎ 978-1598696691
  • Item Weight ‏ : ‎ 8 ounces
  • Dimensions ‏ : ‎ 5.5 x 0.53 x 8.44 inches
  • Customer Reviews:
    4.1 4.1 out of 5 stars 30 ratings

About the author

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Theodore J. Dallow

Theodore J. Dallow

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Customer reviews

4.1 out of 5 stars
4.1 out of 5
30 global ratings

Top reviews from the United States

CWG
5.0 out of 5 stars Much better than more popular books
Reviewed in the United States on October 2, 2004
Verified Purchase
I don't know what the negative reviewers have read to call this book vague or undetailed. It is the MOST step-by-step, complete guide to understanding the foreclosure process and buying foreclosures available. And it doesn't rely on shady, unethical methods that attempt to hoodwink distressed homeowners and fool banks in "subject to" agreements which can put the unsuspecting investing novice into very hot water. The methods in this book are straightforward, legal, and even ethical. If you are looking at buying foreclosures to buy a home to own, to get a great deal and move up in the world, or to invest, BUY THIS BOOK!!
11 people found this helpful
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arche
3.0 out of 5 stars OK
Reviewed in the United States on January 26, 2015
Verified Purchase
Usual info, but more abbreviated.
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Heather Degeorge
4.0 out of 5 stars To see pros AND cons is to see reality
Reviewed in the United States on October 21, 2002
Some of the reviewers didn't like the author's occasional negative views of potential situations. First off, there is no negative theme/undertone throughout the book--just an occasional "here's the worst case scenario of doing it this way". Unfortunately nothing he said was untrue--and to leave these things out would be negligent and might leave the unannointed to believe that there is no risk. There is CONSIDERABLE risk. You play the odds; but he does not leave you playing the odds uneducated about what the bad side is. The book is written so that any person off the street can understand it (although there are one or two instances that someone unfamiliar with real estate will have to re-read a paragraph to get the idea). This being the case, it would be outright irresponsible to NOT give examples of the worst case scenario. I found this book an EXCELLENT primer on what's involved in the process. My family has been in real estate (brokers, construction, mortgages, appraiser, assessors--you name it) for as long as I've been alive and have dealt in foreclosures. Now I've caught the bug and read this book to "fill in the gaps" potentially left when you learn by example. And if you happen to never have problems with a tenant, then you don't live in the northeast! (which is where the author did his business)
19 people found this helpful
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AmazonBuyer
5.0 out of 5 stars Good reading to inspire real estate investing.
Reviewed in the United States on February 2, 2017
Verified Purchase
For any aspiring investor, the opportunities and lenders may change, but the concept of making a deal in real estate remain the same.
One person found this helpful
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Roderick S Jones
5.0 out of 5 stars GOOD
Reviewed in the United States on July 14, 2013
Verified Purchase
VERY NICE PRODUCT, THIS PRODUCT WAS RECOMMENDED BY A FRIEND ..... THE PRICE WAS AWESOME. THIS PRODUCT WAS IN GREAT SHAPE
One person found this helpful
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Old-and-Wise
3.0 out of 5 stars Seems honest, but a bit confusing
Reviewed in the United States on August 8, 2003
The author seems to make an effort at being honest. He makes it abundantly clear that buying foreclosures is very risky, something ignored or downplayed by many other books on real estate speculation (specifically I have Tyler Hicks in mind; shame on Prentice Hall!). The book starts with why there are foreclosures, how you can contact banks for safer deals, and, if you do want to go to an auction, what to do before, during and after. There's also a chapter on the dangers of zero-down deals.
While I liked the content, I found the material somewhat difficult to follow. For example, in the very first chapter the author tries to explain to you what "mortgage" really is; but after re-reading the two pages three times, I still couldn't fully grasp what he meant. Maybe it's because I'm dumb. But there are many, many other sections which are not easy to comprehend, and they are not helped by fragmented sentences and illogical since-hence conclusions.
In short, I think this book is worth reading if you are thinking of doing foreclosures like I was. There are some valuable tips that can help you avoid costly pitfalls; I know first-hand what a nightmare dealing with destructive tenants and former landlords can be, and so should you.
32 people found this helpful
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Barry
4.0 out of 5 stars Great For Starters Of Foreclosures
Reviewed in the United States on November 17, 2001
I thought the book was really down to earth on many topics especially the tenants! It really hit home for me and helped me to make some really big decisions, in my real estate career! I'm pushing on today because of what I learned in this book and I'm serious about that. It really explains in layman's terms how to go about EVERYTHING you want to know in foreclosures.
4 people found this helpful
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Mariusz Skonieczny
5.0 out of 5 stars Solid information on foreclosures
Reviewed in the United States on August 27, 2009
This book provides a pretty good introduction to buying foreclosed properties. The new edition of this book provides an explanation of the current state of the housing market. Even though it is a bit outdated because the economy is moving so fast and we are also in 2009, it is good to understand what the author is saying so that you can realize why there are opportunities to make good money. I also liked the section where the author explains how to find foreclosed properties on the internet which can most definitely be a time saver before physically going out to see the property.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
One person found this helpful
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