How to Buy Bank-Owned Properties for Pennies on the Dollar
How to Buy Bank-Owned Properties
Buy bank-owned properties at fire-sale prices!Banks and lending institutions today own more than one million foreclosed properties, more are in the foreclosure pipeline. Banks desperately want to get these properties off their balance sheets, but there aren’t enough buyers. The result is a soft real estate market with prices investors and homeowners may not see again in their lifetime. In recent years many bargain-hunting investors and homebuyers made the mistake of trying to get foreclosure prices via short sales and pre-foreclosure– before the bank reclaimed the property. They’ve been burned by endless delays and uncertainty of the messy foreclosure process. With bank-owned properties, that’s over. You deal directly with a motivated seller?the bank?and get the foreclosure price without the hassles and complexity of a short sale or pre-foreclosure. This book shows you how to negotiate the best possible terms with the real estate owned (or REO) department of a bank or lender, including step-by-step instructions and no-nonsense advice on finding great deals, estimating fair market value, and closing the deal. You don’t need a ton of cash, because REO investing at fire-sale prices is affordable for almost any investor or homebuyer. Provides detailed, step-based guidance on buying REO propertiesWritten by a super-successful REO investor with fifteen years of experience
January 24, 2012 1 Comment
How to Buy Foreclosures
How the Pros Buy Foreclosures and Other Properties features the systems to successfully buy foreclosed property. The best investors use specific systems to purchase property most of us will never have access too. This book shares the secrets to that access. The advice in this book cannot only save you thousands of dollars but if used properly can create a stream of passive income for life. Few people are truly more qualified to discuss buying and selling investment properties than Tim Sojka. As a real estate agent he has sold over 100 properties per year. As a real estate investor he has owned multiple rental properties. As a real estate professional he has worked with dozens of investors to buy & flip property, acquire buy & hold properties, and liquidate multiple homes. Tim and his investors have bought property at the court house steps, bought property pre-foreclosure and even bought bank owned property.
January 21, 2012 No Comments