Description - Buying Real Estate Foreclosures by Melissa S. Kollen-Rice
Increasing numbers of homeowners nationwide are defaulting on their mortgages and forfeiting their property. In this handbook, readers are shown how to find and finance real estate bargains from banks, S&Ls, public auctions, government agencies, and many more sources. The volume contains worksheets, checklists and contact directories, and should be useful to novice and pro alike. This revised and updated edition includes: updated material on pitfalls to avoid, hidden costs, sources of foreclosure lists, and creative financing strategies; new sample forms and documents; a new chapter on "What the banks don't want you to know: why are the banks so motivated to sell?"; new strategies to help investors cut through the red tape; the benefits and risks of every type of financing available; and an updated pre-bid checklist.
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