Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 3

1  Cover

2  Title Page

3  Copyright

4  Introduction About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here

5  Part 1: Prepping Yourself for Foreclosure Success Chapter 1: Wrapping Your Brain around Foreclosure Investing Investigating the Foreclosure Process from Start to Finish Picking Your Point of Entry Assembling a Team of Experts and Advisers Getting Your Financial Ducks in a Row Finding Foreclosures and Seized Properties Performing Your Due Diligence Setting and Sticking To Your Maximum Bid Taking Possession of the Property Cashing Out: Realizing Your Profit Chapter 2: Getting Up to Speed on the Foreclosure Process Identifying the Foreclosure Process in Your Area Exploring the Missed-Payment Notice Stage Getting Serious: The Notice of Default Proceeding to the Foreclosure Sale Halting the Foreclosure Process Finalizing the Foreclosure: Ushering the Previous Owners Out the Door Chapter 3: Picking Your Point of Entry in the Foreclosure Process Dipping In at the Pre-Auction Stage Pursuing Foreclosure Notices Bidding for a Property at a Foreclosure Auction Acquiring Properties after the Auction Waiting Out the Redemption Period — If Necessary

6  Part 2: Laying the Groundwork for Maximized Profit and Minimized Risk Chapter 4: Building a Powerful Foreclosure Investment Team Lawyering Up with a Real Estate Attorney Teaming Up with a Good Moneyman or Woman Consulting a Title Company to Cover Your Back Hiring a Tax-Savvy Accountant Lining Up a Home Inspector Contacting Contractors and Subcontractors Selling Your Property for Top Dollar through a Seller’s Agent Assessing the Pros and Cons of Partnerships Chapter 5: Filling Your Foreclosure Tank with Financial Fuel Estimating Your Cash Needs Finding a Cash Stash: Knowing Your Financing Options Financing with Hard-Money and Gap Loans Partnering with Investors Shaking Your Piggy Bank: Tapping Your Own Resources Financing Your Venture with Conventional Loans Comparison Shopping for Low-Cost Loans Chapter 6: Networking Your Way to Foreclosure Success Grasping the Power of Networking Realizing the Importance of Being Good Marketing Yourself Managing Contact Information Rewarding Good Deeds and Good Leads

7  Part 3: Creating Win–Win Situations in Pre-Foreclosure (Before Auction) Chapter 7: Discovering Homeowners Facing Foreclosure Networking Your Way to Promising Properties Scoping Out the Neighborhood for Dontwanners Searching for FSBO Properties Finding Foreclosure Notices Teaming Up with Attorneys to Help Distressed Clients Sell Their Homes Chapter 8: Performing Your Due Diligence Collecting Essential Information about the Property Doing Your Fieldwork: Inspecting the Property Assembling Your Property Dossier: A Checklist Recognizing the Most Common and Serious Red Flags and Big Mistakes Chapter 9: Contacting the Homeowners and Lenders Scheduling Your Foreclosure Activities Contacting the Homeowners Directly Adding the Homeowners’ Profile to Your Property Dossier Presenting All Available Options Getting Inside to Take a Look Around Contacting the Lenders Chapter 10: Analyzing the Deal and Presenting Your Offer Completing the Deal Analysis Worksheet Assessing the Homeowners’ Options Presenting Your Offer: The Purchase Agreement Closing Time

8  Part 4: Finding and Buying Foreclosure and Bankruptcy Properties Chapter 11: Bidding for Properties at a Foreclosure Sale Tracking Down Auction Dates, Times, and Places Preparing Your Maximum Bid Bidding at a Foreclosure Auction Playing the Role of Backup Buyer Following Up After the Auction Chapter 12: Buying Repos: Bank Foreclosures and REO Properties Acknowledging the Drawbacks of REO Opportunities Getting Up to Speed on the REO Process Shaking the Bushes for REO Properties Inspecting the Property Timing Your Offer for Optimum Results Pitching an Attractive Offer Chapter 13: Finding and Buying Government Repos Bargain Hunting for HUD Homes Finding and Buying VA Repos Profiting from Fannie Mae and Freddie Mac Properties Finding and Buying Government-Seized Properties Chapter 14: Banking on Bankruptcies Brushing Up on Bankruptcy Laws Knowing When to Purchase Tracking Down Houses in Bankruptcy Dealing with the Gatekeepers Dealing with Bankruptcy Delays on a House You Bought Chapter 15: Sampling Some Other Foreclosure Strategies Negotiating Short Sales Buying and Selling Junior Liens Profiting from Property Tax Sales

9  Part 5: Cashing Out Your Profit … After the Sale Chapter 16: Assisting the Previous Homeowners Out the Door Tying Up the Loose Ends after the Purchase Protecting Your Investment through Redemption Planning Repairs and Renovations Evicting the Residents When Time Runs Out Chapter 17: Repairing and Renovating Your Investment Property Choosing a Renovation Strategy Planning Repairs and Renovations Giving Your Property a Quick Makeover Investing in High-Profile Rooms: Kitchens and Baths Adding Valuable Features Chapter 18: Cashing Out: Selling or Leasing Your Property Selling Through a Qualified Real Estate Agent Staging Your House for a Successful Showing Generating Interest Through Savvy Marketing Negotiating Offers and Counteroffers Closing the Deal Becoming a Landlord Chapter 19: Checking Out Other Cash-Out Strategies Refinancing to Cash Out the Equity Reselling the Property to the Previous Owners or Their Family Leasing the Property to the Foreclosed-on Homeowners Offering a Lease-Option Agreement Assigning Your Position to a Junior Lienholder

10  Part 6: The Part of Tens Chapter 20: Ten Common Beginner Blunders Having Insufficient Funds on Hand Overestimating a Property's Value Underestimating Your Holding Costs Overbidding in the Heat of Battle Failing to Investigate the Title Failing to Inspect the Property with Your Own Eyes Bidding on a Second Mortgage or Junior Lien Renovating a Property before You Own It Trusting What the Homeowners Tell You Getting Greedy Chapter 21: Ten Ways to Maximize Future Leads by Acting with Integrity Stopping the Bleeding: Providing Basic Financial Advice Assisting Homeowners in Their Job Search Suggesting That the Homeowners Seek Help from Family and Friends Encouraging the Homeowners to Contact Their Lenders … and Soon Suggesting Short Sales and Other Debt Negotiations Assisting Homeowners in Assessing Their Refinance Options Suggesting the Option of Selling the House before Foreclosure Bringing Up the Bankruptcy Option Offering a Helping Hand Revealing the Option to Walk Away Chapter 22: Ten Tips for Avoiding Common Foreclosure Minefields Steer Clear of Foreclosure Investment Scams Research the Title Yourself Inspect the Property with Your Own Eyes Know What You're Bidding On Set Realistic Goals Muffle Your Emotions Invest with Integrity Anticipate Delays Foresee Unforeseen Expenses Deal with the Blame and Guilt

11  Appendix: Foreclosure Rules and Regulations for the 50 States

12  Index

13  About the Authors

14  Connect with Dummies

15  End User License Agreement