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Posted In: Foreclosed Homes

Margarete Shiliata says...

If you hesitated about getting into real estate investing during the real estate housing boom, the new boom - the one in foreclosures - may be your chance to build wealth by buying forclosed real estate.



This book is not for everyone.As a licensed real estate agent for eight years, I have seen people try to get rich quick using various schemes they have heard about on television or read about in books - with little success. This method is no fly-by-night strategy and not everyone who would be able to invest successfully. Investors need - at the very least - good credit, some ready cash and a willingness to work hard and stick to the plan.



Those who are able to take advantage of the foreclosure niche in the current buyer's market can create for themselves a life making income as a real estate investor.



The authors wrote this book for the brand-new investor, including not only basic information on how to choose and invest in foreclosures, but current information on where and how to find and choose foreclosure properties, current real- estate and foreclosure laws from state-to-state and detailed information on what to expect during every step of the process.The are even chapters on how to rent your new property, if you choose to do so.



While this book is primarily for investors, buyers looking for a home of their own will find this book filled with useful information. Foreclosed homes can be found at bargain prices and home buyers can use these same procedures to find the home of their dreams. Too many buyers, frightened by the headlines, are not taking advantage of a once-in-a-lifetime buyer's market to buy their own home.



Investors will also find the real estate dictionary and extensive list of references extremely helpful if they plan (and they should) to continue to learn about investing as the foreclosure market changes.



The authors do not pretend that making money by buying and selling or renting-out foreclosures is easy and they caution that in real estate investing, money can be made, or it can be lost. That attitude is what makes this book superior to most.If your plan is to buy foreclosed homes with no money down, no assets and no risk, then look somewhere else - an good luck to you. But, if you are looking for a levelheaded approach to real estate investing in the current market, this approach is a winner.

Posted on November 20, 2010

Gilda Weisbrod says...

As a ten-year mortgage industry veteran, I have led countless homebuyers through the purchase process.Lately, I have observed that these buyers, representing a cross-section of interests, are increasingly trending toward today's market patterns; that is, they are overwhelmingly, logically, drawn toward purchasing the foreclosed property (difficult to avoid given the astounding number of them available).Yet foreclosures, though prevalent, present a unique set of challenges that, if unresearched, can result in the ultimate "buyer beware" caveat.



Enter Frankie Orlando and Marsha Ford's, "The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures".



Geared toward the "absolute beginner", this timely, relevant guide leads the prospective foreclosed home owner through all aspects of these specialty sales ... in much the same way I have led clients.From house-hunting to auction bidding to fixer-upper rehabbing, Orlando and Ford's work provides a straightforward, easy to read manual that includes in-depth financing option information and investment pitfall warnings in addition to money-saving strategies and tips.That this accessible, workbook-style guide is worth the investment is obvious; in fact, "The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures" might just be the beginning investor's ticket toward a successful and profitable real estate future!







review by Elisa Garcia, Mortgage Loan Processor

Posted on November 20, 2010

Altha Soldan says...

In digging into this book, the author continually quoted other books.That annoyed me quite a bit and kept me asking, "Why didn't I buy the other book?"If you're starting off at "ground zero" and know nothing about mortgages, etc. this book is a helpful guide.It also contains concise explanations of different types of "legalese" and gives you places to look.Overall, a good place to start.

Posted on November 21, 2010

Ruthie Lybert says...

To the experienced real estate investor, a lot of the ideas in this book are already familiar and redundant but overall I am pleased with this book. It is by all means, not an "explain it all book" on foreclosures.

But like what most previous reviews have already stated, a great book to

start.



The author's writing style is very easy to read & understandand just as his title reads "explained simply". Introducing readers to the different types of procedings involved in the pre through post foreclosure process and how one can score deals and profits any time in the process, i love how we are constantly reminded that we are making profits based on other people's misfortunes. Very to the point and 100% true.



If your interested in learning about or new to foreclosures and looking to capitilize on the coming tide, or should i say TSUNAMI of foreclosure opportunities, this book is a MUST READ and a perfect place to build a foundation.



Good luck, fellow real estate investors and happy hunting!

Posted on November 23, 2010

Marylou Sacarello says...

I picked up this book because I read another book, The Pre-Foreclosure Real Estate Handbook, by the same author. While the other book focused on only pre-foreclosures, meaning you buy the property before it is actually taken back by the bank. In this book, the author focuses on different stages of foreclosures meaning that you buy the properties before the auction, at the auction, or after the auction.



I think that today with the foreclosures reaching a record high, there are plenty of opportunities to put the knowledge from this book to work. Banks are more eager to sell foreclosed properties than ever before.



- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

Posted on November 23, 2010

Rubye Hornish says...

This was my first foreclosure real estate book I've purchased. This book is more of an overview of the topic. This book feels like reading a college text book. It has no soul or spirit behind it. What I mean is that, you will rarely read about the author's first hand experience with foreclosure. To tell you the truth, this book feels like a research paper or an article written by a college professor who has no real world first hand experience in the subject. Don't get me wrong, the information presented in this book was great and accurate. But it lacks the entrepreneurial spirit found on RE books. I recommend this book to people doing research on the topic or someone who just wants a general overview on the subject. If you want a "how to book" this book may not be the answer for you. I would recommend The Pre-Foreclosure Property Investor's Kit: How to Make M Buying Distressed Real Estate -- Before the Public Auction. The problem that I had with this book was that the author just presented the information but really didn't give a formula on how to buy foreclosures. It left it up to the reader on how to go about it.

Posted on November 24, 2010

Katharyn Abel says...

This is an excellent book on buying foreclosed homes.It is a basic guide and serves its purpose very well for the money. I've spent considerably more money on similar but larger books that were not as well written orinformational. Provides checklists, contacts, glossary, payment tables, and44 two page chapters or "keys" to buying foreclosed homes. Theauthors did not waste space, making this a little book that packs a bigpunch. It is very basic but provides a good foundation of information.

Posted on November 28, 2010

Alida Modero says...

Real estate investors can amass a fortune by purchasing foreclosed homes at various foreclosure auctions, and this guide is the resource novices and pros will find an outstanding key to locating such bargains. From auctions and online processes to making it easy for bargains to come your way, THE COMPLETE GUIDE is a survey investors will find easy to begin with, making it the perfect item of choice for public libraries.



Diane C. Donovan

California Bookwatch

Posted on November 28, 2010

Samuel Pavlick says...

If you've ever thought about the possibility of purchasing a property that falls under the foreclosure category, whether to live in yourself, or as a investment property, but thought that it might be too complicated, this is a great book to read.It takes you right from the beginning of what foreclosure is, to how you can make a lot of money from this kind of property deal.



The book states "Reading one book will not turn you into a foreclosure investment specialist."However this book will tell you what you need to know in order to explore the possibility further.It will help you identify if you have the right skills and aptitude to weave a path through the real estate foreclosure waters, and explains in very plain terms what it all means - whether it's how to contact the property sellers, or what to do with the property once you've purchased it.



Apart from the easy to follow general foreclosure investment information that the book contains, there are two strengths to this particular book.The first is in the very easy to understand glossary that gives easy to understand definitions of the various terminology terms that anyone just starting out as a property investor may find off-putting.This makes the official documentation associated with real estate much less complicated to understand.The second strength in this book is in the list of additional resources that would-be investors can explore in order to ensure that this is the best way for them to invest their money.This list includes resources on where foreclosures can be found, where to network with other property investors as well as nuts and bolts such as legal and marketing information.



Overall "The Complete Guide to Locating, Negotiating and Buying Real Estate Foreclosures" may not be the only guide you need in order to make your investment capital grow through the foreclosure market, but it is certainly a comprehensive guide that will answer many of your questions, as well as point you in the direction of where to go next for further information.

Posted on November 30, 2010

Mana Finer says...

Frankie and Marsha have truly put together a user friendly guide that examines the foreclosure process. For anyone looking to purchase a home or invest in the foreclosure market, this book is truly a gem. The book aims at helping investors take advantage of the foreclosure market. They point out the potential pitfalls and abundant gain that a foreclosure can bring investors.

Homeowners would also benefit from reading this book. The book provides an insiders look at how the foreclosure process works and the way that investors can potentially save them before a foreclosure occurs. The best defense against foreclosure is knowing the tricks of the trade.

The book is user friendly and well organized. Not to mention part of the proceeds are donated to a worthy charity.

Posted on December 2, 2010