Chapter 1 : Describing the Foreclosure Process
- Basic Process Explained
- About Mortgages
- Trust Deeds
- Judicial vs. Non-judicial Methods of Foreclosure
- Deficiency Judgments
- Deed in Lieu of Foreclosure
- Rights of Redemption
- Acquiring Foreclosures
- Summary
Chapter 2 : How Foreclosures Occur
- The Most Common Reasons
- - Divorce
- - Job Loss
- - Health Matters
- - The Economy
- - Other Common Reasons
Chapter 3 : Opportunities in Foreclosures
- What is Distressed Property?
- Why Buy Distressed Real Estate?
- Advantages of Buying Foreclosures
- - Lower Purchase Price
- - Lower Down Payments
- - More for Less
- - Motivated Seller
- - Less Competition for Properties
- - Motivated Lender
- - Liens, Judgments and Encumbrances
- - Better Terms
- - Someone's Loss Can Be Anyone's Gain
- - Ownership or Investment?
- Disadvantages
- Foreclosure Investing: An Overview
Chapter 4 : How Many Foreclosed Properties?
Chapter 5 : Understanding The Bank's Position
- The Bank's Legal Obligations
- Other Influences
- The Bank's Exposure
- What It Costs The Bank
- The Bank's Motivation
Chapter 6 : How To Locate Bank Foreclosures
- Where to Look for Properties
- Where to Find Bank Foreclosures
- - The Banks
- - Realtors
- - Newspapers
- - Legal Notices
- - Real Estate Publications
- - Reporting Services & Listing Publications
- - The Courthouse
- - On-line Services
Chapter 7 : Researching Properties
- Putting It All Together - The Big Picture
- Your Motivation
- The Seller's Motivation
- The Team Concept
- Researching... Being A good Detective
Chapter 8 : Understanding The Basics Of Buying
- Introduction To Buying
- The Three Basic Methods
- The Judicial Foreclosure Explained
- The Non-Judicial Foreclosure Explained
- Comparing the Processes
Chapter 9 : Buying Pre-Foreclosures
- Investing Overview
- Proven Step-by-Step Methods
- - Locating Properties in Default
- - Evaluating Selections
- - Contacting The Homeowner
- - Meeting The Homeowner
- - Preparing Your Offer
- - Presenting Your Offer
- - The Purchase Contract
- - Terms Of The Agreement
- - Ready, Set, Close!
Chapter 10 : Buying At The Auction
- Investing Overview
- Disadvantages in Auction Buying
- Locating Sales and Auctions
- Evaluating Properties & Determine Profit Potential
- Inspecting The Property
- Calculate Your Profits
- Preparing For The Auction
- Attending The Auction
Chapter 11 : Buying Foreclosures From the Banks
- Dispelling Some Myths
- Investing Overview
- Advantages
- Disadvantages
- Advantage or Disadvantage?
- How Lenders Dispose of Their Properties
- The Lenders Asking Price
- How To Locate REO's
- Narrowing Your Selections
- Contacting The Bank
- - Attitude and Approach
- Inspecting The Property
- Calculating Your Profits
- Making Your Offer
- Closing
Chapter 12 : Financing Your Purchase
- Before You Start
- Your Personal Credit
- Borrowing Money
- Partnerships
- Investors
- Other Sources
Chapter 13 : Selling Your Properties
- Strategy Overview
- Working With Brokers
- Selecting A Broker
- Pricing The Property For Resale
- Marketing Your Property
- Advertising Your Property
- - Newspapers
- - Flyers
- - Signs
- Final Checklist
- Presenting Your Property
- Qualifying Buyers
- Negotiating The Price
- Accepting An Offer
- Closing
Chapter 14 : The FHA, HUD, SBA...ETC!
- Dept. of Housing & Urban Development (HUD)
- Federal Housing Administration (FHA)
- Veteran's Administration (VA)
- Small Business Administration (SBA)
- Federal Deposit Insurance Corp. (FDIC)
- Federal Savings & Loan Insurance Corp. (FSLIC)
- For More Information ...
Section 2 - Case Study
Case Study : Fleet Mortgage Corporation
Follow the action behind this incredible example of an actual mortgage foreclosure. Every single document is reproduced to illustrate the process from beginning to end. You will not find another case study like this one, anywhere.
Section3 - WorkSheets, Forms and Charts
Complete Set of Essentials
Includes: Property Evaluations Worksheets, Property Owner Questionnaires, Property
Appraisal Worksheets, Inspection Checklists, Loan Analysis Worksheets, Profit
Calculation Worksheets, Housing Affordability Charts and More!
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