Peek inside our Foreclosure and Short Sale Investing Course

This real estate investing course provides step-by-step information with proven techniques to help you begin investing in foreclosures. Real estate is becoming more and more competitive each day as new investors seek out a new business opportunity. Therefore, it becomes necessary to have the right knowledge, training and expertise if you plan to survive. Here are just a few example excerpts from the ebooks.


Fortunes in Foreclosures and Flippers

Table of Contents

Introduction...........................4
Why Foreclosure ...........................5-6
The Basic Foreclosure Procedure .................7-8
Mortgage Deed States........................9-12
Trust Deed States ..........................13-19
Methods of Foreclosure .......................20-21
The 4 P's to Success .........................22-23
Pre-Foreclosure ............................24

    Plan - Finding Methods ...................24-45
    Prepare - Property Research................45-70
    Purchase - Making the Offer................70-87
    Profit - Becoming a Landlord................87-90
At the Auction .............................91
    Plan - Finding Methods ...................92-96
    Prepare - Property Research ................96-108
    Purchase - At the Auction..................108-109
    Profit - Rehabbing Properties ...............109-123
After the Auction (REO) .......................124
    Plan - Finding Methods ...................124-128
    Prepare - Property Research ................128-132
    Purchase - REO's .......................132-134
    Profit - Turning for Quick Cash ...............134-135
Final Remarks..............................136
Redemptive Rights for each State..................137-140
GLOSSARY.....................................141-168

Excertps from chapter 8 - Pre-Foreclosure

Pre-Foreclosure - Is it true? Is this usually where I can see the highest profit potential? Yes, it is true, you can expect to purchase properties 25-40% under market value, the key ingredient is finding the motivated homeowners who are about to be foreclosed on.

Pre-foreclosure is basically broken down into 2 stages. The first stage being those individuals who are behind on payments and the second stage are those who are behind on payments with a notice of default.

You will find most of your success with homeowners who are in the second stage of pre-foreclosure because they are very motivated to take action. The challenge is not finding these individuals, but rather finding the motivated ones who have tried every option to sell their property and are now looking for a way out. You are now a problem-solver. It is your job to analyze the situation as a doctor would a patient and prescribe a "win-win" scenario. We will also tell you upfront that the #1 reason investors do not succeed in buying "pre-foreclosed" homes is because they simply do not follow up with the motivated seller. Please do not make this small yet important mistake.

Plan- First of all, there are several ways to find motivated homeowners in the Pre-Foreclosure stages. Some of them include: Title Companies, Real Estate Agents and Agencies, Newspapers, Business Cards, Magnets, Friends, Flyers, and the Courthouse to name a few. Get familiar with each finding method, try each one and find the ones that give you the best results.

Title Companies- Title companies offer huge benefits to investors. Every time a homeowner is issued a notice of default on their property, the notice is also sent to the title company. So you can research the title companies and find all the notice of defaults. In fact most title companies will put you on their mailing list and email you the new NOD's that they received that week or month. Each of these notices gives you the name of the person and their address (which is very important when you send your letters).

First thing you want to do is make a list of all the title companies. If you live in a large area, you will find there are lots of title companies to choose from. Go to the yellow pages and look under "title companies". Once you have this list, you can start calling them. When you call them, usually a secretary will answer. Just ask to be transferred to someone who handles all the notices of default. One quick note, not all title companies are willing to work with you, so don't get frustrated if the first one you go to turns you away, go to the next one. Most title companies will gladly to give you the list if you tell them you are a new investor in the area who is looking for a certain "title company" that can handle several closings in a month. They know you are going to need. more about Fortunes in Foreclosures

Short Sale Secrets

Table of Contents

Introduction.............4
What are Short Sales .......5-6
Getting the Deed..........6-15
Land Trusts .............16-26
Authorization to Release .......27-28
Protect Your Assets Letter (PYA)....29-30
Limited Power of Attorney.....31-32
Escrow Letter ............33-34
Real Estate Disclosure .......35-37
Purchase and Sales Agreement...38-42
Calling the Bank...........43-45
The Short Sale Package ......46-47
The Hardship Letter.........48-49
The HUD-1 ..............50-53
More P&S Agreement........54-57
Sending the Package Back.....58-60
Obtaining the BPO..........61-63
Common Questions .........64-66
Common Mistakes ..........67
Final Remarks.............68

Excertps from chapter 5 - Obtaining the BPO

The BPO stands for Brokers Price Opinion and is a process by which a realtor appointed by the lender, comes out to evaluate the property and give his opinion on what the value of the property is. So they send a realtor out to the property and it's your job to get the BPO to come down as low as you can. This is the whole key to a successful short sale. This is why you want the lender to contact you, so you can meet the realtor at the front door and persuade him/her to come in with a low BPO. To help your case, you should show up with a list of repairs and estimates for the property. If you have to go get a contractor to bid a job or repair, go get one. This is good evidence. Show up with a list of comps in the area that are low. If the realtor asks what you are doing there, just tell him you are the buyer and need to get the property for this price. Then call him the next morning to see if he was able to get the price you wanted. You really have no control over this process. You can encourage the BPO to come in low, but this does not always mean they will come in low. A word of caution, when the realtor comes out to do the BPO, do not leave a FOR SALE sign in the front yard. You will loose your whole deal.

If there is someone living in the property, you may want to ask him or her to leave when the realtor comes out to do a BPO. If they can't, just tell them to stay out of the way. Explain to them you will be trying to make the house value look as low as possible. They may not understand why, just tell them it is the only way to save their house. Also, tell them not to worry about cleaning up at all, leave it the way it is. This is the one time your house can be a mess. You need to make the value of the property look as low as possible. more about Short Sale Secrets