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.
Good overview for beginners This book covered the subject short sales in rather general terms. In my view, it is at an introductory level. If you have accomplished several short sales (10+) then the material covered here will offer limited value.
Strikingly Simple, Straightforward Suggestions! I was impressed by the direct, straight talk in Dwan's recent book. This is a timely instruction manual for anyone interested in investing in real estate in today's market. She is specific as she walks you through your education and gives many easy to understand examples for doing a short sale. An excellent reference book.
I also loved the integrity that comes through in this book! L Simons
good short sale information this is one of the easiest book i have seen related to how to deal with banks and submit forms, the insider information helps a lot specially to deal with the frustation when submitting forms to the banks, and there is no answers from them. it shows you how to submit and deal with an issue one and only once. great book.
Do not sleep on this buy. This is a must have for all Realtors, Investors, Homeowners, etc. This book reveals everything you will need to know about bank shorts. It has helped me help clients with distressed properties as well as the first time homebuyer looking for a great deal. The only thing this book is missing is the true time frame it takes for a short sale to go through and probably because every bank is different. Overall this an excellent read.
Straight forward instructions. All the information was very straight forward. It didn't exactly reveal any new tips but if you don't have any experience with short sales it is excellent information for the money.
Anything Goes Trivia
Megaton Man
Tony's Online Tips
Trevor
