On 2009-08-27 Mariusz Skonieczny, ClassicValueInvestors . com wrote: With the foreclosure rate at the highest level in decades, it might not be a bad time to invest in foreclosures. This book provides basic as well as more advanced information about how to invest in foreclosures, what the foreclosure process is, how lenders view foreclosures, and how to find great opportunities. I liked the author´s explanation of why foreclosures occur. Some of you might think that it is because someone loses of a job, but the author lists other reasons such as divorce, health problems, relocation, the economy, and overwhelmed landlords.
There is a separate chapter on how to find foreclosed properties. When I was involved in foreclosures, I found that knocking on doors was the best way to get leads. I would get a list from the courthouse of people who fell behind in payments and the next day I would visit these homeowners. I was always the first one to contact them because other investors use passive methods such as direct mail or newspaper ads. Who reads newspapers these days anyway? Besides, if you cannot afford your mortgage payment, you probably don´t have your newspaper subscription anymore.
- 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. And summed up by saying Good guide to foreclosure investing. Currently The Complete Idiot´s Guide to Buying Foreclosures, 2nd Edition has an overall rating of 10 over 10.
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Alpha claimed One person´s loss is another person´s gain. This invaluable guide explains everything readers need to know about finding and financing foreclosed and soon-to-be foreclosed residential properties with the highest potential return. Completely updated, this new edition reflects recent changes in the way banks and the government dispose of foreclosed properties, covers new laws, and advises how to steer clear of scams. • First edition sold more than 30,000 copies in a year and a half • The national residential foreclosure rate rose to from .75% to 1.16% (of all mortgages) by the end of 2006-the biggest jump in 30 years • Foreclosures are expected to continue to increase as interest rates rise and monthly payments on short-term variable rate and interest-only loans make homes unaffordable
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