Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts

Short-Sale Pre-Foreclosure Investing: How to Buy "No-Equity" Properties Directly from the Bank -- at Huge Discounts

Product Description

Due to the wave of refinancing and subprime lending in recent years, and the subsequent fall in home values, millions of properties are worth less than their mortgages. The only way for these properties to sell is through a "short sale," in which the bank holding the mortgage agrees to sell the property at a loss -- to a savvy investor. Banks will do this because they need to get "upside down" loans off their books and they do not want to be holding property that is in default.

Short sales are the hottest topic in today's real estate investing market, yet most real estate agents and investors don't know how they work or how to make money on them. This book will teach investors how to negotiate with banks to buy properties at big discounts, creating windfall profits for the investor. Readers will learn:

• what 900f real estate agents and investors don't know about: the short sale.
• how to make huge profits from the banks' misfortune.
• how to help homeowners in foreclosure and get a killer deal yourself, at the same time.
• how to buy properties for fifty cents on the dollar with no real estate license, using no money or credit.
• how to "buy low" and "sell low" during the crashing foreclosure market.
• how to stay on the cutting edge of the down market and how to get rich...now.

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Product Details

• Amazon Sales Rank: #34574 in Books
• Published on: 2008-06-30
• Original language: English
• Number of items: 1
• Binding: Paperback
• 240 pages

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Editorial Reviews

From the Back Cover

"The ultimate book on short sales! Dwan and Sharon have made it easy for you to profit in today's gold mine of foreclosure opportunities."
—Robert Shemin, New York Times bestselling author of How Come That Idiot's Rich and I'm Not?

"Having invented new real estate markets for over twenty years, I can strongly recommend Dwan and Sharon's book. This dynamic duo invented the short-sale market—nobodyknows more!"
—Frank McKinney, international bestselling author and real estate "artist"

"As a national speaker and teacher for over twenty-five years, I've never met anyone who knows more about short sales than Dwan and Sharon. I've spoken to hundreds of their students who have earned tremendous profits. You could be their next success story!"
—Nick Sidoti, a.k.a. Dr. Cashflow

Make a fortune in pre-foreclosures with help from the queen of the short sale

Millions of distressed homeowners are in danger of foreclosure, but can't sell their homes and walk away because their property is worth less than the mortgage. Banks don't want to foreclose because the process is so expensive and time-consuming. The solution is a short sale—the process by which an investor buys the troubled property from the homeowner at a price far below the outstanding mortgage and the bank takes a write-off. Real estate investor Dwan Bent-Twyford and her students have made millions with short sales—while helping homeowners prevent foreclosure.

Finally, here's a single resource that tells you everything you need to know to get into this high-profit game:

• Find "underwater" properties and pre-foreclosures

• Approach distressed homeowners facing foreclosure

• Prepare an offer that helps you and the homeowner

• Negotiate with banks and mortgage holders

• Earn big profits through wholesaling, rehabbing, or renting

About the Author

Dwan Bent-Twyford, "The Queen of Short Sales," is the country's leading authority on buying pre-foreclosure properties directly from lenders. She also leads popular boot camps for real estate investors.

Sharon Restrepo is known as "Short Sale Sharon" and specializes in buying foreclosure and distressed properties. She is the coauthor of numerous real estate home study courses, offers training workshops, and is cofounder of several real estate companies.