Foreclosures are the most profitable way to invest in real estate. But most real estate books on foreclosures don't tell you how to invest in short-sale foreclosures--properties with even more profit potential than regular foreclosures. A short-sale foreclosure is a lender accepting a loan payoff for less than the amount owed. This comprehensive new guide from renowned real estate authors Chantal and Bill Carey covers all the ins and outs of short-sale foreclosure investing, from finding properties to negotiating with lenders, to closing the deal and making a bundle. Inside you'll find all the information you need to succeed:
∗ Finding great short-sale foreclosure deals
∗ Dealing with owners in financial distress
∗ When to buy short-sale foreclosures
∗ Creating equity in foreclosure properties
∗ Writing successful short-sale offers
∗ FHA, VA, and private mortgage insurance short-sales
∗ Purchasing short-sale properties at auction
∗ Understanding escrow, closing, and title insurance
