Real Estate Short Sale

With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure and real estate short sales can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?

Foreclosure Investing For Dummies shows you how to invest in foreclosures ethically without being accused of stealing homes from “little old ladies.” This step-by-step guide helps you thoroughly research property, find the best opportunities, purchase foreclosures, and avoid misleading distressed homeowners. This book doesn’t promise quick profits through minimal work, but it will provide you with invaluable information to become a successful investor, including:

• Identifying opportunities and understanding risks
• Obtaining information, tools, support, and resources
• Locating properties prior to foreclosure
• Assisting homeowners through the foreclosure process
• Acquiring properties below market value prior to the auction
• Buying property at an auction, from lending institutions, and government agencies
• Repairing, renovating, and selling or leasing property

This book provides tips and strategies for refinancing your property and maximizing your profits. It also gives you advice on how to assist homeowners, have them work with you, and common mistakes you should avoid. It’s time to go out and make the most of foreclosure investing, and with Foreclosure Investing For Dummies by your side, your hard work and devotion will bring tons of success!

From the Back Cover
Covers foreclosure rules and regs for all 50 states

Minimize your risks and maximize your return, while assisting homeowners

Want to buy and sell foreclosure properties? This hands-on guide covers all aspects of investing in foreclosures, from identifying potential properties and assessing value to carefully researching and inspecting properties, so you don’t get stuck holding a money pit . . . or even worse, a worthless piece of paper! Discover how to deal with homeowners in preforeclosure, bid for a property, buy bank-owned properties at well below market value — and ultimately sell for maximum profit.

• Research property titles, mortgages, and deeds
• Build a strong investment team
• Obtain financing
• Network your way to success
• Avoid common pitfalls
• Invest with integrity

The book, Short Sale, A Practical Approach, is designed for buyers, sellers and agents. It is a “how-to” guide to handling of short sale. In light of the housing bubble, the book is released timely to help those who can’t sell their home because the debt on their home is higher than its value.

The book shows step-by-step how approval is obtained from the lender for a short payoff of the loan. Homeowners experiencing financial hardship do not have to face foreclosure. The short sale alternative, if approved, is a better choice.

Agents who do not understand short sale will discover the mystery behind short sale–why it is done.and why the lenders prefer it over foreclosure. It is a market niche that agents should get into.

For those who do not wish to do the negotiation side of short sale, this book will enable them to explain to the seller what short sale entails. The agent’s problem today is that homes are not selling. With short sales, homes do sell!

About the Author

Danny Cachuela has a financial background as a Pennsylvania certified public accountant. He is an experienced negotiator and former CEO of SunSource de Mexico, a corporation based in Mexico City and an operating subsidiary of a New York Stock Exchange company based in Philadelphia, Pennsylvania.

He also was a lecturer in the Undergraduate School of Business at Saint Joseph’s University in Philadelphia, Pennsylvania. Danny Cachuela is currently an associate broker at Prudential Fox & Roach Realtors in Pennsylvania, and is also licensed in New Jersey. He has been invaluable in helping many clients negotiate with lenders to get approval for short sale, including those with multiple lenders.