The Pre-Foreclosure Property Investor's Kit

PART I GETTING STARTED AS A PROFITABLE PRE-FORECLOSURE INVESTOR

CHAPTER 1 How You Can Make $60,000 a Year Investing in Pre-Foreclosure Properties Part-Time 3

CHAPTER 2 Why Most Foreclosure Investment Strategies Being Taught Today Are Too Risky, Too Expensive, and Not Worth Doing 17

CHAPTER 3 What Every Pre-Foreclosure Investor Needs to Know about Their State’s Foreclosure Statute 26

CHAPTER 4 Everything You Need to Know about Existing Loans on Pre-Foreclosure Properties 34

CHAPTER 5 How to Finance the Purchase of a Pre-Foreclosure Property 47

CHAPTER 6 How to Get Started Right Now as a Profitable Pre-Foreclosure Property Investor 55

PART II MY 14-STEP PROCESS FOR INVESTING IN PRE-FORECLOSURE PROPERTIES

CHAPTER 7 How to Find Property Owners with Loans That Are in Default and Facing Foreclosure 67

CHAPTER 8 How to Contact Property Owners in Foreclosure 79

CHAPTER 9 How to Get the Lowdown on Loans in Default from Foreclosing Lenders 93

CHAPTER 10 How to Perform Due Diligence on Pre-Foreclosure Properties 102

CHAPTER 11 How to Thoroughly Inspect a Pre-Foreclosure Property 119

CHAPTER 12 How to Accurately Estimate the Current Market Value of a Pre-Foreclosure Property 139

CHAPTER 13 How to Negotiate with Property Owners in Foreclosure 148

CHAPTER 14 How to Get Subordinate Lienholders to Discount Their Liens by 50 Percent or More 161

CHAPTER 15 How to Negotiate with Foreclosing Lenders and Their Attorneys and Trustees 178

CHAPTER 16 How to Do a Short Payoff Sale on Properties with Little or No Equity 184

CHAPTER 17 How to Prepare Your Purchase Agreements 199

CHAPTER 18 How to Close on the Purchase of a Pre-Foreclosure Property 209

CHAPTER 19 How to Fix Up Pre-Foreclosures for Maximum Curb Appeal and Resale Value 217

CHAPTER 20 How to Package, Market, and Resell Pre-Foreclosures for Maximum Profit 228

RESOURCES Pre-Foreclosure Property Investor Resources Online 245

Over 100 real estate-related web site URLs that every serious pre-foreclosure investor needs to have bookmarked on his or her personal computer.

ABOUT THE AUTHOR 251

INDEX 253