A Step-By-Step Guide to Buying Foreclosure Bargains Safely and Sanely—at a Fraction of Their Market Value

“A terrific book that should be read by all—novice and pro alike.”—Carolyn A. Weber, Vice President, Century 21 of the Northeast

“Do you want to buy a house or other real estate below market value? If so, read this book.”—Robert J. Bruss, Syndicated Real Estate Columnist

Written by one of America’s most experienced real estate professionals, Melissa Kollen-Rice’s bestselling guide offers:

• Sources of available properties - from government agencies, public auctions, banks, and delinquent homeowners
• Innovative methods for financing foreclosures with little or no cash
• Tips on conducting an inspection, determining a property’s value, and uncovering hidden costs in advance
• Proven techniques that help readers navigate the ’foreclosure jungle’ and avoid costly mistakes along the way
• Strategies for buying foreclosures before an auction, at an auction, and after an auction
• Critical information that banks can’t tell you about the foreclosures in their inventories

A foreclosure purchase is a great way to buy property at a below-market price, keep it as a long-term residence, rent it out to others, or fix it up and sell it for a profit. Packed with user-friendly worksheets, checklists, and contact directories, this fully updated and revised edition reflects current trends and regulations. Whether you are a novice or a professional foreclosure enthusiast, Buying Real Estate Foreclosures provides you with everything you need.

“... want to buy a house or other real estate below market value? If so, read this book.”—Robert J. Bruss, syndicated real estate columnist

Home foreclosures are at a ten-year high, and this new edition of Melissa Kollen-Rice’s bestselling guide fills readers in on everything they need to know to find and finance real estate bargains from banks, S&Ls, public auctions, government agencies, and other sources. Packed with worksheets, checklists, and contact directories, Buying Real Estate Foreclosures is the resource for novices and pros alike. This fully revised and updated edition features:

• Guidance on pitfalls, hidden costs, sources of foreclosure lists, and creative financing strategies
• Valuable sample forms and documents
• A new chapter—“What the banks don’t want you to know: why are they so motivated to sell?”
• New strategies to help investors cut through the red tape