Real Estate - Buying Pre Foreclosure Properties

How to Make Money Buying Pre Foreclosure Properties Before They Hit the County Courthouse Steps: The Complete Guide to Finding and Buying Pre-Foreclosure Properties

Before yhe book was written, he was making time consuming and costly mistakes. The mistakes were inevitable; no one had written a book on how to buy pre-foreclosure properties, so Tom had to learn the hard way from his own mistakes and first hand experiences. All of the advice that he received said: "buy property on the county courthouse steps after it has been foreclosed on." But Tom eventually learned to avoid those costly courthouse-bidding wars by buying directly from property owners whose mortgage loans are in default and facing foreclosure. And the book that didn’t exist back in 1985, when Tom bought his first pre-foreclosure property, is now in its third revised edition.

When the first edition was published in 1989, it was the first book ever written exclusively on how to buy pre-foreclosure properties. It was also the first "foreclosure book" ever published that advocated the use of direct mail to contact property owners whose mortgage or deed of trust loans are in default and facing foreclosure.

How To Make Money Buying Pre-Foreclosure Properties Before They Hit The County Courthouse Steps was written for computer literate and Internet savvy real estate investors who want to use their specialized knowledge to take advantage of the money making opportunities that pre-foreclosure properties provide. This third revised edition comes complete with step-by-step instructions, ready-to-use worksheets, sample agreements, Web site listings and practical advice on how to use the Internet to find and buy properties directly from owners whose mortgage or deed of trust loans are in default and facing foreclosure. You also get sample copies of the six different letters that the author, Tom Lucier, uses to contact property owners in foreclosure

You’ll learn:

1. What you need to know about your state’s foreclosure statute when buying pre-foreclosure properties.
2. The difference between judicial and nonjudicial foreclosure.
3. How to use foreclosure notices to find all of the property owners in your county whose loans are in default and facing foreclosure.
4. How to use direct mail to contact property owners whose loans are in default.
5. How to perform due diligence on pre-foreclosure properties.
6. How to quickly verify loan information with foreclosing lenders.
7. How to estimate the current market value of a pre-foreclosure property.
8. How to negotiate with property owners whose loans are in default and facing foreclosure.
9. How to properly prepare your purchase agreements and protect your interests when buying pre-foreclosure properties.
10. How to package, market and resell pre-foreclosure properties for maximum profit.

Contrary to popular belief, you don’t need a degree from Harvard Law School in order to make money buying properties directly from owners whose mortgage or deeds of trust loans are in default, and about to be sold on the county courthouse steps at a public foreclosure auction sale. Granted, finding, researching, inspecting, negotiating, buying and reselling pre-foreclosure properties is a lot of hard work. But it can be a very lucrative line of work if you really know what you’re doing, are well organized, and have the persistence that’s necessary to be a profitable investor.

And, unlike the roving weekend real estate carnies, late-night, cable-TV hucksters, Internet real estate whiz kids, and a certain Harvard Business School graduate posing as a "real estate savant," Tom Lucier doesn’t claim to know-it-all, and you’ll never hear him promise to make you a pre-foreclosure property millionaire within the next thirty days. The simple fact remains that no real estate investment strategy will work unless you do!