How to Buy Bank-Owned Properties for Pennies on the Dollar: A Guide to REO Investing in Today's Market

  • by Jeff Adams
  • Narrated by Dennis Holland
  • 6 hrs and 21 mins
  • Unabridged Audiobook

Publisher's Summary

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 sellerthe bankand 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 properties. Written by a super-successful REO investor with fifteen years of experience.

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Customer Reviews

Most Helpful

it's good and read it

What was the most interesting aspect of this story? The least interesting?

I Like the book and the good about it that the author not asking to sign up in any services. The book simple go over the foreclosure techniques and how you could deal with the lender. But still I need more details. Also, the book gives good internet references to start your own search


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- tarek

All In One

I absolutely loved it! I've learned months maybe even years of knowledge about real estate in just weeks.
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- erica

Book Details

  • Release Date: 08-08-2012
  • Publisher: Audible Studios