Foreclosure Investing For Dummies

Introduction 1

Part I: Prepping Yourself for Foreclosure Success 9

Chapter 1: Wrapping Your Brain around Foreclosure Investing 11

Chapter 2: Getting Up to Speed on the Foreclosure Process 29

Chapter 3: Picking Your Point of Entry in the Foreclosure Process 39

Part II: Laying the Groundwork for Maximized Profit and Minimized Risk 55

Chapter 4: Building a Powerful Foreclosure Investment Team 57

Chapter 5: Filling Your Foreclosure Tank with Financial Fuel 73

Chapter 6: Networking Your Way to Foreclosure Success 89

Part III: Creating Win-Win Situations in Pre-Foreclosure (Prior to Auction) 101

Chapter 7: Discovering Homeowners Facing Foreclosure 103

Chapter 8: Building a Property Dossier 113

Chapter 9: Contacting the Homeowners and Lenders 133

Chapter 10: Analyzing the Deal and Presenting Your Offer 161

Part IV: Finding and Buying Foreclosure and Bankruptcy Properties 175

Chapter 11: Bidding for Properties at a Foreclosure Sale 177

Chapter 12: Buying Repos: Bank Foreclosures and REO Properties 193

Chapter 13: Finding and Buying Government Repos 211

Chapter 14: Banking on Bankruptcies 225

Chapter 15: Sampling Some Other Foreclosure Strategies 237

Part V: Cashing Out Your Profit . . . after the Sale 257

Chapter 16: Assisting the Previous Homeowners Out the Door 259

Chapter 17: Repairing and Renovating Your Investment Property 269

Chapter 18: Cashing Out: Selling or Leasing Your Property 281

Chapter 19: Checking Out Other Cash-Out Strategies 295

Part VI: The Part of Tens 305

Chapter 20: Ten Common Beginner Blunders 307

Chapter 21: Ten Ways to Maximize Future Leads by Acting with Integrity 313

Chapter 22: Ten Tips for Avoiding Common Foreclosure Minefields 321

Appendix: Foreclosure Rules and Regulations for the 50 States 327

Index 349