Find the sound investments among the foreclosures. Covering both bank-owned and government-owned properties, this book focuses on helping buyers distinguish between good foreclosure investments and those plagued with liens and other pitfalls. Readers will learn about the benefits of buying foreclosures; foreclosure timeline and process; the different types of foreclosures; finding pre- foreclosed properties; important pre-purchase pitfalls; buying at an auction; and more. Aac The national residential foreclosure rate rose to from 1 to 1.23% (of all mortgages) by the end of 2003Aathe biggest jump in 30 years Aac Foreclosures are expected to increase as interest rates rise and monthly payments on short-term variable rate and interest-only loans begin to follow (Realty Times)This offer should include the following: ac A statement indicating intent to purchase real estate ac The property address ^ a -a ~^ _ . ... a#39; (srk aquot;) Promissory Note ac Your offer (purchase price) Si 1 You may be dealing with a ac Financing terms iS^i veteran REO officer who ... Sample Offer Letter Herea#39;s a sample of what a letteranbsp;...
|Title||:||The Complete Idiot's Guide to Buying Foreclosures|
|Author||:||Bobbi Dempsey, Todd Beitler|