Table of Contents
Introduction 1
Part 1: Prepping Yourself for Foreclosure Success 7
Chapter 1: Wrapping Your Brain around Foreclosure Investing 9
Chapter 2: Getting Up to Speed on the Foreclosure Process 29
Chapter 3: Picking Your Point of Entry in the Foreclosure Process 41
Part 2: Laying the Groundwork for Maximized Profit and Minimized Risk 57
Chapter 4: Building a Powerful Foreclosure Investment Team 59
Chapter 5: Filling Your Foreclosure Tank with Financial Fuel 77
Chapter 6: Networking Your Way to Foreclosure Success 95
Part 3: Creating Win–Win Situations in Pre-Foreclosure (Before Auction) 107
Chapter 7: Discovering Homeowners Facing Foreclosure 109
Chapter 8: Performing Your Due Diligence 125
Chapter 9: Contacting the Homeowners and Lenders 145
Chapter 10: Analyzing the Deal and Presenting Your Offer 173
Part 4: Finding and Buying Foreclosure and Bankruptcy Properties 187
Chapter 11: Bidding for Properties at a Foreclosure Sale 189
Chapter 12: Buying Repos: Bank Foreclosures and REO Properties 207
Chapter 13: Finding and Buying Government Repos 225
Chapter 14: Banking on Bankruptcies 241
Chapter 15: Sampling Some Other Foreclosure Strategies 255
Part 5: Cashing Out Your Profit After the Sale 277
Chapter 16: Assisting the Previous Homeowners Out the Door 279
Chapter 17: Repairing and Renovating Your Investment Property 291
Chapter 18: Cashing Out: Selling or Leasing Your Property 305
Chapter 19: Checking Out Other Cash-Out Strategies 319
Part 6: The Part of Tens 329
Chapter 20: Ten Common Beginner Blunders 331
Chapter 21: Ten Ways to Maximize Future Leads by Acting with Integrity 337
Chapter 22: Ten Tips for Avoiding Common Foreclosure Minefields 345
Appendix: Foreclosure Rules and Regulations for the 50 States 353
Index 367