Foreclosure Myths: 77 Secrets To Making Money On Distressed Properties赎回神话：利用赎回准则盈利的77个秘诀

作者： Ralph R. Roberts, Chip Cummings 著

出 版 社：

出版时间： 2008-8-1字数：版次： 1页数： 197印刷时间： 2008/08/01开本： 16开印次： 1纸张： 胶版纸I S B N ： 9780470289587包装： 平装内容简介

Learn the whole truth about foreclosures and discover some real bargains with the myth-busting information in Foreclosure Myths: 77 Secrets to Saving Thousands on Distressed Properties!. Find out the truth about seventy-seven persistent myths that prevent would-be homeowners and real estate investors from taking advantage of tremendous profit potential. Understand how to find, evaluate, and buy foreclosure properties at a discount, including how you can use other people's money to finance your investments through firsthand stories from top industry professionals and handy resources like government foreclosure guidelines.

作者简介

Ralph R. Roberts is a real estate investor and an award-winning speaker and author whose other books include Foreclosure Investing For Dummies, Foreclosure Self-Defense For Dummies, and Walk Like a Giant, Sell Like a Madman, all from Wiley. For more information, visit www.AboutRalph.com.

目录

Forword by (Dr Gary Lacefield)

Acknowledgments

About the Authors

Introduction

1 Getting Started

Myth #1 I'm Taking Unfair Advantage of Someone Else's Misfortune

Myth #2 Foreclosures Only Happen in “Bad” Neighborhoods and During Economic Downturns

Myth #3 Foreclosures Are Always The Result of Financial Irresponsibility

Myth #4 The Average Person Can't Find Foreclosures—You Have To Be an Insider

Myth #5 I Need a Lot of Money to Get Started

Myth #6 If Foreclosure Rates Are Rising, Buying Doesn't Make Sense Because There Are Too Many Homes Already on the Market

Myth #7 The Process Is Incredibly Time-Consuming; There's No Way to Get Started If I Already Have a Full-Time Job

Myth #8 I Have To Be An Expert

Myth #9 Real Estate Agents Won't Help Me with Foreclosures—There's Nothing in It For Them

Myth #10 I Can Do This by Myself

2 The Foreclosure Process

Myth #11 The Process Takes a Long Time

Myth #12 I Can't Get It—It’s in Bankruptcy

Myth #13 I Can't Help Out The Homeowner

Myth #14 They'll Save the Property, and I'll Be Out My Time and Money

Myth #15 They Can Still Cancel the Sale

Myth #16 I Have to Wait Until It's Listed with a Real Estate Agent

Myth #17 It Was Published in the Paper, So I Can Buy It Now

Myth #18 I Have to Wait Until the Auction to Buy the Property

Myth #19 If I'm Not The High Bid At Auction, I Can Forget Buying The House

3 Finding the “Right” Properties

Myth #20 Every Foreclosure Is a Good Deal

Myth #21 I'm Buying a Home at the Foreclosure Auction

Myth #22 Courthouse Auctions Are the Only Source of Foreclosure Properties

Myth #23 Real Estate Agents Always Have First Crack At The Good Deals

Myth #24 I Can Find Better Deals Outside My Own Area

Myth #25 Foreclosed Properties Are Always Trashed and Need Extensive and Costly Repairs

Myth #26 Something Else Is Wrong with the Property If It Was in Foreclosure

Myth #27 I Don't Need an Inspection

Myth #28 I Can't Get Inside, So There's No Way for Me to Estimate the Property Value

Myth #29 Never Bid on a Second Mortgage

4 Analyzing the Deal

Myth #30 I Found the Opportunity Too Late—There's Not Enough Time

Myth #31 I Found the Opportunity Too Early—I'll Probably Waste My Time

Myth #32 I Can't Get a Good Deal Through a Real Estate Agent

Myth #33 I Can't Get a Good Deal from Bankruptcy

Myth #34 I Can't Get A Good Deal On a Government REO

Myth #35 I Can't Get a Good Deal from the Lender

Myth #36 The Purchase Price And My Fix-Up Costs Are The Only Costs I Need To Consider

Myth #37 I Should Adjust My Bidding Strategy Depending on How Many Bidders Show Up and How Eager

yth #38 It Doesn't Matter Where Its Located; Since I'll Pay Well Below Market Value, the Location Isn't Important

Myth #39 I Shouldn't Bring in Experts to Help Me Analyze the Deal; the Fewer People Who Know It's Available, the Better

5 Financing the Property

Myth #40 Interest on Loans from Private Investors Is Too High

Myth #41 Lenders Don't Want to Deal with Little Ole Me

Myth #42 Lenders Won't Be Willing to Talk to Me Until I Have a Deal on The Table

Myth #43 I Should Use as Much of My Own Money as Possible

Myth #44 I Can't Use FHA or VA Financing

Myth #45 I Can't Use a Home Equity Loan to Finance the Property, Since I Don't Own the Property Yet

Myth #46 Since The Property Is Already in Foreclosure, I Can't Assume the Owner's Loan

Myth #47 The Property Has to Be in Good Shape to Get Financing

Myth #48 Taking on a Partner Will Merely Cut into My Profits

6 Securing the Property

Myth #49 Once I Purchase the Property at Auction, I Can Take Immediate Possession

Myth #50 Only Real Estate Pros Are Allowed to Attend Real Estate Auctions

Myth #51 There Will Be Lots of People Bidding against Me

Myth #52 The Higher The Bidding Goes, and the More People Bidding, the More Likely It's a Great Property

Myth #53 I Won't Be Able to Get Good Title to the Property

Myth #54 I'll Have to Pay the Back Taxes and Insurance

Myth #55 I Can't Force The Previous Owners to Vacate the Property

Myth #56 I Don't Need Insurance Until the Previous Owners Move Out and I Take Possession of the Property

7 Cashing In!

Myth #57 I Need to Finish Renovations Before I Sell

Myth #58 The More I Put into a Property, the More Return I'll Get

Myth #59 I'll Save Money and Make More Profit If I Make All Repairs and Upgrades Myself

Myth #60 I Can't Make A Profit

Myth #61 I Won't Be Able To Sell It – They Couldn't!

Myth #62 I Already Have a Home; My Best Bet Is to Flip the Foreclosures I Purchase

Myth #63 The Property Will Be Easiest to Flip When It's Market Ready

Myth #64 It's a Foreclosure; I'll Still Make a $10,000 Profit!

Myth #65 I Should Feel Guilty

8 Avoiding Disaster

Myth #66 I'm an Experienced Real Estate Investor, So I Don't Need to Do My Homework

Myth #67 I Am Familiar with the House, So I Don't Need to Inspect It

Myth #68 The House Looks Great—It Won't Need Many Repairs!

Myth #69 This House Is Amazing—It's Worth a Fortune!

Myth #70 I Can Trust What the Homeowners Tell Me

Myth #71 If I Find Myself in Financial Difficulty, I'll Never Escape Foreclosure

Myth #72 I'll Be Able to Flip This House in a Couple of Weeks!

Myth #73 If I Make Some Repairs Before I Take Possession of the Property, I'll Save Valuable Time

Myth #74 It's a Stretch, but I Think I Can Make an Extra $10,000 on This Property

Myth #75 I'm Making Good Money on Real Estate, but I Should Keep My Day Job

Myth #76 I've Put So Much Time into This Deal—I Refuse to Let Anyone Outbid Me!

Myth #77 Foreclosure Investing Is Just Too Complicated—I Can't Do It

Appendix

Resources

Sample Forms & Checklists

State Foreclosure Guidelines

Index