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How to Buy Bank-Owned Properties for Pennies on the Dollar

ebook
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 seller—the bank—and 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

  • Expand title description text
    Publisher: Wiley

    Kindle Book

    • Release date: October 7, 2011

    OverDrive Read

    • ISBN: 9781118133569
    • Release date: October 7, 2011

    EPUB ebook

    • ISBN: 9781118133569
    • File size: 385 KB
    • Release date: October 7, 2011

    Formats

    Kindle Book
    OverDrive Read
    EPUB ebook

    subjects

    Business Nonfiction

    Languages

    English

    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 seller—the bank—and 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

  • Expand title description text
    • Details

      Publisher:
      Wiley

      Kindle Book
      Release date: October 7, 2011

      OverDrive Read
      ISBN: 9781118133569
      Release date: October 7, 2011

      EPUB ebook
      ISBN: 9781118133569
      File size: 385 KB
      Release date: October 7, 2011

    • Creators
    • Formats
      Kindle Book
      OverDrive Read
      EPUB ebook
    • Languages
      English