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Posted In: Foreclosures For Sale

Rubye Turro says...

this book is very easy to read.it gives you step by step info on all apects of investing.

Posted on January 14, 2011

Nicholle Gorelli says...

Excellent information, too bad the market is the way it is and people are losing their homes.The author is concise and accurate and anyone that has money to invest would do well to review this information before putting their money out there.The author makes it fun and interesting while making sure you have all you need to avoid the pitfalls; especially in today's market.

Posted on January 15, 2011

Meda Dobkins says...

FORECLOSURE FOR DUMMIES - Informative, with no wasted text, very concise and full of useful facts. Especially readable, moves along and warns of related problems that must be considered when investing.Excellent book

Posted on January 16, 2011

Garry Brauner says...

This book has been very helpful to my husband and myself.We are just getting started with this and the book is simple, easy to understand, and very informative. I would recommend this to anyone who is serious about wanting to learn, and having it explained to them in detail.



Thanks, Ann

Posted on January 17, 2011

Marianna Springle says...

With the struggles in the real estate market and the misleading lending practices, foreclosures are rampant. Wise investors can take advantage of the enormous opportunity in the real estate market. This book will lead them to the promissary notes. Outstanding book! The kind you read, then use as a reference for the rest of your investing life.



Michael J. Maher

Posted on January 17, 2011

Noriko Battie says...

Great book.This is the time to read this.It saved me $1000.00's before I wasted money on an informational product.

Posted on January 19, 2011

Leonora Kozielski says...

I'm a first time home buyer and I really got interested into foreclosures and tax deeds.Right now there's just a lot out there that's for sale retail price but there's a lot more that's actually discounted through foreclosures.If I can buy the same quality for less price, why not right? This book helped me sort through a lot of the terminologies and helped me understand what to look out for.Very quick and easy read and recommended along with other foreclosure books I found helpful.



Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series

Posted on January 20, 2011

Nelson Hanlin says...

This is an interesting dvd.



It has the look and feel of an infomercial, but it's not one. It just looks like one.



The speakers range from solid and good to I couldn't watch 'em.



Here is my take on the six segments of the dvd:



-David W. Langley on bankruptcy law: I gave him an A minus. He's a AV rated bankruptcy lawyer with 25 years of experience, and he looks and sounds like it. The reason he didn't get an A is that the discussion of bankruptcy law was simply oversimplified. And fairly light on information. It's an okay very, very simple overview, but I wish that David had been given more time on this dvd, and had presented a more in-depth discussion of bankruptcy law and process. On the other hand, if I had a brother in Florida with a debt problem, I'd have no compunctions about referring him to David (this is not a guarantee of his work; I can't guarantee the work of any other professional, nor would I; use your own common sense in finding a lawyer and try to find a Martindale av rated board certified bankruptcy lawyer in your State, or a bankruptcy attorney who has an AVVO.com score of 10.0).



-Sherri B. Simpson, another lawyer on this dvd, discusses foreclosures. Her lecture has some value and she says some smart things, like take documents to a lawyer before you sign them, and she does a good job of discussing mortgage rescue scams. That's valuable. This discussion gets a B because it's pretty state specific, even though she tries to make it available to a wider audience. But it's obvious that she cares about her clients, and that she has a lot of experience in the area.



-Carlos Gieots is billed as a credit expert, and his information is generally both simple and accurate on credit issues. WARNING: he seems to suggest failing to list a creditor on your bankruptcy petition under some circumstances. That kind of advice can lose you a bankruptcy discharge, and send you to jail. So listen to him discuss credit and the credit reporting agencies and how to get errors removed from your credit report. DO NOT listen to his suggestion that not all creditors must be listed on a bankruptcy petition.He gets an F, based on a suggestion that sounded illegal, impolite and fattening to me. And if he didn't mean it, he sure shouldn't have said it.



-Scott Daniels, a realtor who specializes in short sales, discussed the process in general. It was an overview, again somewhat state-specific, but listening to him makes it clear that short sales are not very easy and not always possible. He gets a C because after listening to him a consumer would at least know a lot of questions to ask an in-state realtor about a short sale.



-There are people on this dvd who are billed as a Licensed Clinical Psychologist and another as a "Celebrity Life Coach, Relationship Expert, and Hypnotherapist". No, I didn't watch those segments, because I just couldn't bring myself to watch a celebrity life coach talk about how bankruptcy is hard and there's still life after bankruptcy. Because that's obvious. Because I didn't watch those segments, and I think they are not particularly valuable to a potential debtor, I didn't give any points or demerits to those presentations.



Overall, this doesn't seem terribly useful. The lawyers on this dvd are smart and sincere and experienced. Watching them will give you some useful information, but the bankruptcy lawyer spoke too briefly, and the foreclosure defense lawyer was primarily reporting on the way things go in that state. Well presented, but probably not enough to make this a must-have.



Now, let's put this in perspective. If I were considering a bankruptcy proceeding or short sale, and I had no idea at all what either were, watching this could be useful. And being put on guard about folks who come to the door to rescue the homeowner from a foreclosure is a good thing.



But on balance, I don't think this provides as much bang for the buck as the NOLO book, The New Bankruptcy, Will It Work for You.



Nothing in the foregoing should be used as or may be construed as legal advice; this is just a review, folks!



p.s. as I write this postscript, there is a raging debate in Congress over a provision in the Bankruptcy Code that may, after amendment, permit the stripdown of some OR all mortages on residential real property. Will that statute pass? Listen, I've practiced bankruptcy law in Phoenix, Arizona for about thirty years, and I've watched a long series of amendments to the "New Code" of 1979; and I've watched as Congress debated in the past. The 2005 amendments took about a decade to work their way through Congress. So MAYBE the Bankruptcy Code is about to change a lot. And MAYBE it's not. But if you're contemplating bankruptcy in Phoenix, Arizona, or anywhere else, you should be aware that the law is currently MAYBE about to change in a way that could be helpful to debtors, IF they qualify and are willing to put up with a Chapter 13 bankruptcy (which makes a root canal look like fun).

Posted on January 29, 2011