Buy bank-owned properties at fire-sale prices! Banks and lending institutions today own more than one million foreclosed properties, more are in the foreclosure pipeline. Banks desperately want to get these properties off their balance sheets, but there aren't enough buyers. The result is a soft real estate market with prices investors and homeowners may not see again in their lifetime.
In recent years many bargain-hunting investors and homebuyers made the mistake of trying to get foreclosure prices via short sales and pre-foreclosure - before the bank reclaimed the property. They've been burned by endless delays and uncertainty of the messy foreclosure process. With bank-owned properties, that's over. You deal directly with a motivated sellerthe bankand get the foreclosure price without the hassles and complexity of a short sale or pre-foreclosure. This book shows you how to negotiate the best possible terms with the real estate owned (or REO) department of a bank or lender, including step-by-step instructions and no-nonsense advice on finding great deals, estimating fair market value, and closing the deal. You don't need a ton of cash, because REO investing at fire-sale prices is affordable for almost any investor or homebuyer.Provides detailed, step-based guidance on buying REO properties. Written by a super-successful REO investor with fifteen years of experience.
©2012 Jeff Adams (P)2012 Audible, Inc.
I Like the book and the good about it that the author not asking to sign up in any services. The book simple go over the foreclosure techniques and how you could deal with the lender. But still I need more details. Also, the book gives good internet references to start your own search
Detailed instructions on what to do and not to do in this market. I loved how it kept my attention from start to finish and helped me define what it is about this market that I'm looking for.
Candid examples of what went wrong for him and what will get me overlooked in the market by other professionals.
Dennis Holland made the book come to life. The author seems to be speaking right to me in the way he reads. Like a mentor sharing tricks of the trade with a friend.
The author was so open and honest with information. He's not asking you to do anything, only guides the reader to understand the different aspects of REO investing and helped me to understand what it is that I am looking for in the market. Exactly how to start with dos and don'ts. So full of information that I'm buying the book for a reference.
For anyone even thinking of looking at REO investing.
Yes, if you have ever attempted to buy a bank owned property it can be lengthy and a difficult process. This book has some great suggestions that I believe will allow for purchasing bank owned properties with relative ease.
Yes it could be made into a TV series.
The title does not accurately reflect the contents of the book. The book contains some useful information but is often very vague.
Report Inappropriate Content
If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.