Frankie Orlando - The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply

The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures

What Smart Investors Need to Know Explained Simply

By Frankie Orlando & Marsha Ford

The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know Explained simply

Copyright 2007 by Atlantic Publishing Group, Inc.

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ISBN-13: 978-0-910627-03-0

ISBN-10: 0-910627-03-7

Orlando, Frankie (Akemi Frances), 1966

The complete guide to locating, negotiating, and buying real estate

foreclosures : what smart investors need to know explained simply /

Frankie Orlando and Marsha Ford.

p. cm.

Includes bibliographical references and index.

ISBN-13: 978-0-910627-03-0

ISBN-10: 0-910627-03-7

1. Real estate investment--United States. 2. Foreclosure--United

States. 3. House buying--United States. I. Ford, Marsha, 1969- II.

Title.

HD255.O747 2008

332.6324--dc22

2007049101

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Table of Contents

Foreword

If you think you hear the word foreclosure a lot, you are not alone. One day, I wanted to see how many news stories there were on the Internet about the foreclosure crisis in this country. By noon on this particular day, there had already been more than 6,000 articles about foreclosures. Yes, I said 6,000 before 12:00!

Needless to say, foreclosures are one of the hottest topics in America right now, and will be for years to come because there is no end in sight to the foreclosure crisis. People are losing their homes and fortunes, and companies in the mortgage industry are being forced to eliminate jobs. Did you know that every one of those 6,000 articles, every family in distress, and every mortgage company that is forced to close also affects you?

Foreclosures affect your bank account, your property value, your neighborhood, and even your country. That is why buying this book might be the best thing you can do for yourself for the next several years or at least until the market rebounds. This book will give you an opportunity to help families in distress and put profit in your pocket.

Good fortune in foreclosure will not and should not happen overnight. However, if it is done the right way, over time it can be very fulfilling. Over the last three plus years, my company, Default Research, has seen foreclosure investors come and go. These investors start with a lot of energy and dreams to make a lot of money. Unfortunately, 95 percent of these companies fail after three to four months. As I have said for months on our Default Research educational Web site, the primary reason these investors fail is their lack of quality education in the foreclosure field. Many people attend or read the typical get rich quick book, which focuses on 1 percent of the deals out there not the average foreclosure or pre-foreclosure deal.

There are many details in a foreclosure investment that need to be considered every time a deal is possible. To compound the immense amount of research, the particular details vary from state to state depending on its particular foreclosure laws. Knowing and thoroughly understanding all of these details is what separates the savvy investor from the one that fails in less than six months. There are millions of dollars to be made in this market, and there is also a unique opportunity to help homeowners in distress. But before anyone can help a homeowner, they need to help themselves and get the proper education.

Before you can profit, a book that provides the fundamental building blocks of education, finance, and marketing preparation is necessary. This is that book.

Default Research can then provide you the most up-to-date pre-foreclosure leads, complete with verified phone numbers. Why are fresh leads so important? Well, timing is everything in the foreclosure business, and as an investor, you need the freshest foreclosure leads to be the first to approach a homeowner in distress. Being at the right place at the right time before another investor will be the difference in you helping a family and somebody else completing that deal.

Enough about what you can do in the future. It is time for you to attack and absorb the quality education found in this book. Good luck and we hope to hear from you soon!

Serdar Bankaci started his real estate research company, Default Research, Inc., two years ago in Greensburg, PA. The growing company provides the most timely pre-foreclosure information to its clients offered anywhere in the country. Bankaci is also having an effect locally in his hometown. Since its creation almost two years ago, Bankaci has expanded from covering one state to seven, and more than doubled the amount of counties from eight to 30.

Education:

BSBA American University 2002 Major in Finance

MBA University of Miami, FL 2004 Major in Finance

MS Information Systems, University of Miami, FL 2004

Company contact information