Posts Tagged ‘foreclosures’

Foreclosure Purchasing Method: What You’ll Want To Know

Friday, January 20th, 2012

Real estate investment is good because the price does not depreciate. You can consider purchasing repossessed properties as a choice since these properties have been swarming the market. There's no doubt the business crisis has gotten the worst of most individuals so properties are closed out or other opted to go to another place. There is nothing wrong with purchasing Fishers IN real estate and repo'ed properties. Actually the costs are low in comparison to other properties which aren't foreclosed by mortgage corporations or banks.

A property is not foreclosed immediately. There are different steps taken by the lending or mortgage firms to give the property owner a heads up on their delayed payments. A notice of default is given to look after the difficulty. If after 3 months no action is made, the property is foreclosed and it will be declared publicly to attract chances for certain individuals or investors to buy the house.

If you are interested in a foreclosed property, it's best if you secure finances first. This is an advantage so that you are absolutely qualified to buy the house or property. Taking the services of a broker is also another strong point especially if you are not familiar with the buying process of the foreclosed house.

What to do before buying the foreclosed property?

Before closing out the deal, you must think of researching and even conduct an ocular inspection of the house first. This is a critical point because it makes or breaks the deal. When you set a watch on a property, research about the neighborhood and the availability and accessibility to colleges, hospices, department store, and such like. Researching about the property values is also essential because it dictates the pricing of the property. There are different rates in each town or county or state and you should know the average to gauge whether the price is too pricey or exactly right.

You need to also visit the house before buying it. It’s another thing to see the footage over the web and visiting the house personally. Checking the house is the perfect opportunity for you to feel comfortably in the house. You need to settle in a place where you are snug and have less damage both on the inside and outside. You may check the area and see if the place is safe.

Visiting the house and seeing it for yourself is also a good thing as you can raise questions to the owner. Knowing how long the house empty was is a crucial question as the longer a home is empty, the more damage should be anticipated. There's no caretaker once the house is foreclosed and no one will see whether there are issues with the plumbing, electricity wirings and such like.

Talking about the price is also vital. When you see the owner or the agent in real life, it's often possible to make a deal and see if you can buy the house in a less expensive price. Nonetheless you should additionally be scared if the price is too low. This could mean that there are many damages to be repaired and not kept in a viable condition.

This draft was supplied by Alisa P. Quarken a Fishers Indiana real estate agent who also helps home buyers find Fishers Indiana homes.

A Must Buy - Chicago Real Estate Book Review

Wednesday, January 18th, 2012

A great number of websites are referenced whereas many of the other books written on the subject were written in the 80’s before the explosion of the internet. This book differs from other books on the subject in that it’s more of a how-to book than a motivational speech. For the amount that it cost to find out, it is worth the time to read it and the cash lay out to buy it. The content of the book is solid and practical.

I’ve sent Tom e-mails and he’s always given me a prompt response. I can honestly say that buying this little jewel of a book was the best $13.97 that I’ve ever spent.

This extremely well written and well organized book is chocked full of no-nonsense practical information and on target advice. When I picked up my copy at Barns & Nobles, I took my time and must have read through every real-estate book on the shelf. I picked up a couple good tips from the book. Although the author claims not to be a get-rich-quick type author, it seems he goes a bit overboard with this “messiah message”. Think again, Thank you Mr Lucier for being so straight forward and sharing so much of your knowledge and experience. If you plan on becoming a pre-foreclosure specialist, you better read this book! The contents of this exceptional book are a valuable guide to any investor interested in this segment of the real estate business. I have modified some of my strategies as the result of having read and learned from this book, and can and do recommend the book very highly.

This is an excellent book by Thomas as he thoroughly takes you through the process of purchasing an investment property. He provides a wealth of resources on nearly every aspect of investing by listing websites and addresses. No nonsense, real deal real estate advice.

If you are looking for a very straightforward and full of the nuts and bolts on how to be a successful pre-foreclosure investor this book is it! Mr Lucier leaves little to the imagination. See my other reviews for more info on other books. This book is simple, straight forward, and realistic. Anyone serious about pre-foreclosures should purchase this book and make it a priority read. Thomas Lucier’s book is detailed, easy to understand and concrete.

He is not worth spending your hard earned dollars. I bought this from Canada.

As a full time pre-foreclosure investor, I found the book to be very interesting. Generator Enclosure.

Worst Product And Worst Service - Real Estate Book Critique

Tuesday, January 17th, 2012

He’s tough-minded but is sensitive to the plight of the people whose house he might buy. His direct communication style is believable and has got to be a strong asset in dealing with folks who are miserable and in denial of poor decisions they’ve made or hard luck they’ve encountered.

He makes no secret that this requires tremendous time and effort on the investor’s part. But for those who are willing to do the work, this book offers a comprehensive guide to each step of the process, from identifying distressed properties and negotiating their purchase, to selling the property for a profit. The Pre-Foreclosure Property Investor’s Kit is by far, the most useful real estate book that I have ever read on investing in foreclosures. This book by Tom Lucier is complete, and right to the point.

The author goes into much detail on all the ways of making profits with pre-foreclosures. I highly recommend this to all. Unlike most books that give you the “fluff” of how good the real estate business is, Tom actually gives you the step-by-step process to investing. Definitely a must for beginning investors and I would suspect that it would be beneficial for experienced investors as well. After reading “The Pre-foreclosure Property Investor’s Kit, I was astounded to find a step-by-step process that not only gave you the detailed process to follow, but it also provides many of the short comings of the business that many real estate guru’s leave out. Tom’s direct no-nonsense and ethically-driven approach was everything any pre-foreclosure investor could ask for.

It clearly lays out how to plan your investment, how to look for pre-foreclosures, how to negotiate, what forms to use, and what warning signs to take note of to avoid risky ventures. The author was upfront and real about the whole process from beginning to end. Therefore it should not have been made available to non US citizens, OR should have been labeled as “For US market only” or words to that effect. It’s very likely to be fine if you are a US citizen though. However, I haven’t ruled it out for the future, and should I choose to do so, the book will serve as a great instructional manual in my quest. OK, let’s face it. I am a very experienced investor (over 35 years in Real Estate Mortgages, Brokerage and appraising) and have purchased several properties at auction. This book does outline his program of acquiring properties before they go to sale.

The book provides you with real-life, practical instructions. It’s a book that you will continue to read and refer back to on “how-to” do things every step of the way.

Within 17 days I had my first client contact me. I am in the process of purchasing a house even as we speak! It’s an excellent, well organized, and realistic approach to pre-foreclosures. This is much better than the two other books I read on pre-foreclosures because it clearly outlined the steps and provided the documents and places to go to find information. This is a GREAT resource. Mr Lucier really answers your email too! I really enjoyed this book. I went into the right livelihood of the real estate industry by becoming a real estate agent, then a Realtor.

Thanks Lucier for such a book, we need more people like you writing informative and no nonsense books. Recliner Slipcovers.

Finally The Good Stuff - Florida Real Estate Book Critique

Tuesday, January 17th, 2012

But I guess he’s entitled. He worked very hard to get rich, and he shares his secrets openly in an inexpensive book, rather than trying to hoodwink you out of thousands by means of an infomercial.

Yes, prepping a property is essential, but there are also several factors. After reading several books on real estate investing, I’ve found this one to be the most useful and easy to understand. I really enjoyed this book. I went into the right livelihood of the real estate industry by becoming a real estate agent, then a Realtor.

This book is written very well supplying virtually anyone with enough knowledge to get started. This is not some get-rich-quick scheme. Considering other Guru’s want you to buy a plastic CD with forms on it for about $400, this guy’s got to be crazy. He’ll probably file bankruptcy in a couple of weeks giving all his forms away for free. Thomas J Lucier managed to put together an amazing and resourceful book. I bought it, read it and loved it and now want to read it again.

It provides a wealth of information and templates, making it a great reference. It also spends a fair amount of time on ethical standards, an element dreadfully lacking with many investors. On the subject of letters, I read another review that said his letters to property owners were rough or a little strong (my words); something to that effect. I agree. I found this book very helpful since I work in real estate and have been involved in some public auctions of real estate for clients. This book has helped me see what investors look for so I can make my clients’ properties more attractive and fetch a better auction price.

It answers questions regarding loans, liens, and negotiations. It even has downloadable forms, such as letters, and notices of default.

Mr Lucier’s book is the most thorough and accurate book I have read. As a part time investor, the information he has shared is right on the money and helpful in understanding the seller and lender stupid decisions. This book has all the details you need to get started with investing in pre-foreclosures. His marketing plan got my attention the most as well as all of the pitfalls that beginners will/might encounter during their endeavors. This might not be an important feature for most of amazon customers, but was extremely important for me, as a non-native speaker of English. I recently purchased this book and found the advice and wit very informative. I also emailed the author as suggested in the book and he quickly and concisely replied with sound information.

I love facts, and will jot down and even blog a bunch of the sites mentioned, to remember them and for easy access, but a little bit of pep talk would have been a good addition. CERAMIC DOG BOWLS.

Explaining The Foreclosures List

Monday, January 16th, 2012

Some buyers and investors are unaware that they can acquire property at incredibly very low prices. The usual way of buying a home is through real estate agents who earn their living through earning commissions and whose primary interest understandably is to get the best price for their clients as a way of earning more. However, buying properties from a foreclosures list means getting the chance to win incredible homes for way below market prices. The foreclosures list details the homes repossessed and owned by banks and mortgage lenders from their delinquent clients. After a default, the lender involved will need to find some way to settle the debt owed.

The properties are sold by auction to the highest bidder, and the earnings are applied as payment of the loan in such amount as necessary.

Home buyers are therefore well advised to look first in the foreclosure list for the possibility of acquiring property at bargain prices, as well as people looking for opportunities to invest their surplus funds. The properties thus acquired offer great savings opportunities and high returns on investments.

Where to Look for Foreclosure Lists If you search the internet, you will find that you can access databases of foreclosed homes owned by banks and other financial houses complete with relevant data. It’s easy to use the service to find the perfect listing for your needs, since you can search by town, city, county and a number of other criteria. One of the most efficient ways to find a forelcousre is via the internet!

You will also be able to access valuable foreclosure information and the intricacies of buying foreclosed homes, as well as buying direct from homeowners trying to preempt foreclosure proceedings. The foreclosures lists databases of banks and lenders provide 24-hours service to clients seeking information.

Let us show you the best Playa Del Carmen real estate and guide you through the process of buying property.

I Suppose Its Really Worth The Cash - New York Real Estate Book Critique

Sunday, January 15th, 2012

Mr Lucier takes a lot of the mystery out of it. While pre-closures take time, effort and due diligence, Mr Lucier’s book guides you through what to do and what not to do step-by-step.

They appear to cutting costs by using 50% less ink than norm. The print is fine and hard to read. I would like to also state that I’m a seasoned investor and I have been doing pre-foreclosures and foreclosures for years now. Take it from me, this book is a must have for novices and experts alike.

This is one of the most complete instruction manuals for a real estate investor.

Real estate investing is NOT an investment, it is a business. Viewed in this light, serious real estate professionals need this business manual. This is the best value on the market for investing. What makes it even better, after purchasing the book, Tom allows you to call or email him, FREE! Anyone looking into the pre-foreclosure business should have this book. If you want the nuts and bolts on pre-foreclosure investing, get this book.

I just closed on a pre-foreclosure deal and found what the author stated to be true. I highly recommend this book to others. I also emailed him a couple of questions of which he emailed a response right back immediately. Mr Lucier, you will be richly rewarded because you give the reader want they need and you don’t short change us.

This is a service that I have not seen in any other books. I bought this book and then went to some training in Tennessee and was impressed with all the detail given on how to do a successful short sale. People may found it a little dry if they expect this book to motivate them get into this pre-foreclosure investment business. This book is very practical and informative, but to able to make the most use of it, you’d better have some knowledge in real estate, at least in general. You start to think when you read this book and then the inspiration comes. This book is only a stepping block to great things. In short, I’m grateful that the author chose to write this book and make his knowledge available to those who want to learn from one of the best. Well worth the purchase price and, now that I’ve read it and use it as a reference, I would have paid much more than the retail price to get this book. Advice, experience, samples of agreements, samples of letters, forms, web addresses - everything was there. Thomas Lucier has written an honest down to earth how-to guide to get the novice started in buying pre-foreclosures. He responds quickly with excellent information to help! Good resources and clarity in presentation.

This book is a wealth of information, strait to the point citing many internet sources, real life examples, sample letters, check lists, and even what to say while negotiating the terms of the purchase. online guitar store.

What A Deal - Manhattan Real Estate Book Review

Saturday, January 14th, 2012

He gives a lot of useful information on mortgage companies and how to handle yourself when negotiating with them. Also, Lucier provides links to many internet sites that can help an aspiring investor get started in the business.

It is well worth your time to read it. Tom Lucier’s Pre-Foreclosure kit is packed with more useful information than I would have imagined possible for its size and cost. With Thomas Lucier I get the feeling he really wants me to be empowered to win. The man has integrity oozing out of his pores.

I am a very experienced investor (over 35 years in Real Estate Mortgages, Brokerage and appraising) and have purchased several properties at auction. This book does outline his program of acquiring properties before they go to sale.

Very easy to read, very easy to follow, and paints a clear picture step by step on how to buy and sell pre-foreclosure’s. Never have I seen a more personable author than Thomas Lucier. Also, the author is generous enough to give his email address in the book, so if you have any additional question, he’ll personally reply back to you. I sent him an email, and I got a reply within 12 hours. Points are basic, but that is what the business is built on - doing the basics right.

No nonsense, real deal real estate advice. Foreclosures in this country are going to be a serious issue in the next few years. And it will be no one’s fault but the lenders who took on the added risk of investing in too many questionable loans, and the borrowers who had no idea what they were getting into.

He gives a complete list of recommended reading that will help with every obstacle that I’ve run into. Thomas states in his book that if there is a problem that we can contact him to ask questions. He puts together a step by step process to follow as well as offering the tools to be successful. After I purchased and read the book I sent out my first letters. Thomas Lucier’s book outshine most of the boot camps and other tapes and reading material out there that go for thousands of dollars. He’s believable and what he teaches is doable no matter what part of the country you work pre-foreclosures. But I guess he’s entitled. He worked very hard to get rich, and he shares his secrets openly in an inexpensive book, rather than trying to hoodwink you out of thousands by means of an infomercial. He truly does not have any “gatekeepers”! Mr Lucier’s book has filled in the details and put some much needed process and step by step guidelines into place for me. Because I read this book I have avoided a lot of mistakes that I would have made without it. You think that sellers going through foreclosure are “thankful” you are there to help them?

After reading several books on real estate investing, I’ve found this one to be the most useful and easy to understand. patio landscaping.

Works Well, It’s Exceptional - San Diego Real Estate Book Critique

Friday, January 13th, 2012

If you are currently in foreclosure buy this book and help yourself negotiate. If you are thinking of buying a foreclosure buy this book and learn why not to “purchase at auction on the courthouse steps” and why you should always pay a professional to do a thorough title search. Take his advice on repairs and do not go overboard on expenses. Wow I was blown away after reading this book read it three times, I’ve been A licensed Real Estate Agent for 13 Years and in one month after reading it, Made 31k profit and best part is helped the homeowner save her credit and find a home to rent. This clearly shows he believes in what he does and he wants to help you be as successful as he has been. It’s about time!

The sample letters in the Chip Cummings book were much nicer and comforting. I found his writing style refreshing; down to earth and he speaks his mind. Thank You Thomas for sharing this detailed information. Like many I have read numerous how-to books on investing.

I have been a real estate broker for 13 years now and I have seen a lot of wide-eyed infomercial junkies claiming they can do this and that. The reality is you have to have a game plan, credit and some money to have a consistent pool of opportunities.

Most often individuals will have ideals but no plans. Tom gives you a realistic view of both. People will give you their business if you are upfront, honest and ethic about what you are trying to do. Don’t forget to add a little note written by hand on every letter that states: “We really care!”

Unlike most books that give you the “fluff” of how good the real estate business is, Tom actually gives you the step-by-step process to investing. Definitely a must for beginning investors and I would suspect that it would be beneficial for experienced investors as well. This book has all the details you need to get started with investing in pre-foreclosures. His marketing plan got my attention the most as well as all of the pitfalls that beginners will/might encounter during their endeavors.

In his book, Thomas delivers details for establishing a proven strategy. I am able to read his book and act on its contents simultaneously. I can’t believe it! I got the book Tuesday May 4th and read it by noon today Wednesday May 5, 2005. I have wasted many years trying this profession with no success, because I did not have the knowledge that is provided in this book. It is a must buy! I emailed the author (Thomas) with a question and I got a reply within 5 minutes. This is a great book on the subject of investing in pre-foreclosures. He didn’t hesitate to emphasize critical points where the buyer must be extremely careful in the buying process. I take forever to finish reading a book but I couldn’t put this one down and finished reading it in two days.

I did have a question and emailed Mr Lucier. cheap acoustic guitar.

One Of The Few Quality Items - Seattle Real Estate Book Critique

Thursday, January 12th, 2012

This book covers every area of buying properties in this stage of foreclosure and is great for beginners as well as experienced investors. There are many helpful websites listed also. Honestly, I’ve never purchased a pre-foreclosure before, but this book will have you more scared than anything else of what could go wrong instead of what could go right. This one, however, is timely and substantive without being too wordy.

Because I read this book I have avoided a lot of mistakes that I would have made without it. You think that sellers going through foreclosure are “thankful” you are there to help them” Thank you for your book it was an eye opener. Let’s face it, tax liens and pre-foreclosures are the new “it” for this new downward market. He responded in less than 24 hours. More than that, he voluntarily sent a follow up email with more helpful information (that is relevant for my geographic area). This book gives step-by-step instructions on how to buy the Pre-foreclose property. Best thing about this book is the downloadable forms which can be modified to suite your needs. The most valuable asset of this book is Tom’s willingness to help and answer your questions personally. I have had two questions for him and both times he answered me within hours. Before reading this book, I didn’t know which way I wanted to go with real estate investing. I would recommend this book to anyone that is serious about REI. I suggest this to everyone! I found this book to have a lot of good information in it.

Mr Lucier gives you a step by step guide to learn the various aspects of pre-foreclosures as well as an abundant list of real estate related websites. It’s a fast read and set up so you can go back and review topics and refresh your memory.

Take his advice on repairs and do not go overboard on expenses. Wow I was blown away after reading this book read it three times, I’ve been A licensed Real Estate Agent for 13 Years and in one month after reading it, Made 31k profit and best part is helped the homeowner save her credit and find a home to rent.

I purchased this book the first day it came out on 12/17 and I must say WOW! All the information in this book is great! I just closed on a pre-foreclosure deal and found what the author stated to be true. I highly recommend this book to others.

Within 17 days I had my first client contact me. I am in the process of purchasing a house even as we speak! Mr Lucier takes a lot of the mystery out of it. While pre-closures take time, effort and due diligence, Mr Lucier’s book guides you through what to do and what not to do step-by-step.

Everyone knows that the location and condition of a property are key components of its value, but less obvious are risks associated with the legal aspects of the deal (eg liens against the property). Pool Landscaping Pictures.

Don’t Waste Your Cash - Michigan Real Estate Book Critique

Tuesday, January 10th, 2012

This book even sparked a few ideas of my own. There are plenty websites in here that you will find useful as well. Mr Lucier has provided some gems on this topic as well. Another plus is the some real-world letters are present (that can also be downloaded from his web site) which can be used with very little modification (name and address change) to communicate with the clients. I was amazed by the quick response from the author. I sent him emails for questions and he replied very quickly.

Mr Lucier’s book is the most thorough and accurate book I have read. As a part time investor, the information he has shared is right on the money and helpful in understanding the seller and lender stupid decisions.

This book can be a great start, but it probably won’t see you through the deals.

I sent him an email asking for his advice and he got back to me within a couple of hours on a Sunday afternoon. This is an extremely informative book focusing on buying property “pre-foreclosure”. One of the best books I’ve read in years. His approaches are well worth the investment in time and effort. The book gives you instructions on how to go to his website so you can download the appropriate marketing letters you should send out to people in distress. Believe that this kind of hard approach could have negative consequences if you are trying to do business with someone in distress.

I am a nurse and I am looking to retire in the next couple of years. You cannot buy another book on the market that provide the information and resources that this book provides. The difference is important because distressed properties suggest run down stuff. When actually, a lot of pre-foreclosures are great houses and for one reason or another the owner no longer chose to pay for it. This book is an absolute NECCESARY for both the Beginner and most specially the EXPERT. Thomas Lucier has provided step by step, easy to understand, accurate, and comprehensive information on how to make money buying properties before the foreclosure. Someone recommended this book to me and I must say the recommendation was entirely correct. It is a very comprehensive look at the foreclosure and short sale market and gives excellent advice both for the novice real estate person as well as the expert. He presents the material in a very detailed-yet-intelligible way. You won’t be disappointed.

I purchased this book the first day it came out on 12/17 and I must say WOW! All the information in this book is great! This is an excellent book for beginners and advance. It lays out clearly all the pros and cons of buying pre-foreclosed properties.

I was amazed by the quick response from the author. CAR WINDSCREEN REPLACEMENT.