Buy bank-owned properties at fire-sale prices!Banks and lending institutions today own more than one millionforeclosed properties, more are in the foreclosure pipeline. Banksdesperately want to get these properties off their balance sheets,but there aren't enough buyers. The result is a soft real estatemarket with prices investors and homeowners may not see again intheir lifetime.In recent years many bargain-hunting investors and homebuyersmade the mistake of trying to get foreclosure prices via shortsales and pre-foreclosure-- before the bank reclaimed the property.They've been burned by endless delays and uncertainty of the messyforeclosure process. With bank-owned properties, that's over. Youdeal directly with a motivated seller--the bank--and getthe foreclosure price without the hassles and complexity of a shortsale or pre-foreclosure.This book shows you how to negotiate the best possible termswith the real estate owned (or REO) department of a bank or lender,including step-by-step instructions and no-nonsense advice onfinding great deals, estimating fair market value, and closing thedeal. You don't need a ton of cash, because REO investing atfire-sale prices is affordable for almost any investor orhomebuyer.* Provides detailed, step-based guidance on buying REOproperties* Written by a super-successful REO investor with fifteen yearsof experience

Part I The Investing Opportunity That Won't Come Again in Your Lifetime 1Chapter 1 The Perfect Nightmare for Bankers--A Dream Come True for Investors 3Chapter 2 Why REO Investing Saves Time, Hassle, and Money Compared with Traditional Preforeclosure and Short Sale Investing 15Chapter 3 How to Overcome Your Fear, Set Goals, and Get Started 27Chapter 4 Overview of the REO Deal 43Part II REO Deals, Step by Step 51Chapter 5 Where to Get the Money 53Chapter 6 How to Research Your Market, Create an Investing Plan, and Develop an Exit Strategy 69Chapter 7 How to Get Ready for Your First Deal and Build Credibility 81Chapter 8 Where to Find the Best REOs in Your Market 99Chapter 9 The Importance of REO Agents: Finding the Best and Getting Them on Your Side 119Chapter 10 Buying REO Properties at Auction 129Chapter 11 The Right Way to Evaluate Deals and Price a Property 141Chapter 12 How to Make an Offer and Negotiate with Banks 159Chapter 13 Getting the Paperwork Right 175Chapter 14 How to Avoid the Most Common Mistakes Investors Make 189Part III Exit Strategies 199Chapter 15 Wholesale Your Property to Another Investor 201Chapter 16 Fixing Up and Selling the Property at Retail 209Chapter 17 Buying and Holding: Renting the Property for a Positive Monthly Cash Flow 217Addendum: Understanding Buying Formulas 225Glossary 233About the Author 243Bonus Offer Just for You! 244Index 248