Book Description
Take the fear out of buying your first home
For many, the process of buying a home for the first time can seem intimidating and overwhelming. How to Buy Your First Home is your resource for information on the subject. This book guides you through the entire process, including:
Preliminaries-Renting versus buying, determining what you can afford, deciding where to live
Searching for Your Home-What to look for in a home, hiring a realtor
Finances-Mortgage basics, government agencies, home loans for veterans
The Buying Process-Weighing your mortgage options, hiring an attorney, making an offer, inspecting and appraising your home
The Future-Caring for your home and increasing the value of your investment
Included within the text are Attorney Tip boxes that highlight important facts. Click on This boxes will guide you to helpful websites for additional information about calculating costs, locating homes in your area and more.
Extensive appendices include a glossary of important terms, contact information for state offices of real estate regulation and sample worksheets to help you as you make your decisions.
Written by an experienced attorney, How to Buy Your First Home is the resource that will take the mystery out of buying a home.
Customer Reviews:
GREAT guide for a first-time buyer.......2006-07-31
My roommate works at the library and brought me home a dozen different books on how to go about buying your first home and what you would need to know (including the dummy/idiot books which I normally love). After taking a look at this one, I sent all the other ones back and ordered it from amazon because it is by far the easiest, most comprehensive, and overall helpful guide for a first-time buyer. It answers all questions and can just be used as a good reference. It's questions and answer format makes the book very easy to pick-up and less daunting-- some of the books seems like a giant boring novel!! I even gave this book as a gift to a friend considering buying a place of his own.
Good first book on buying a home.......2005-02-26
This is a basic book on home buying intended for the first time buyer. It's' fairly brief, only about 130 pages (minus the appendices), so it's a quick read. If you're a second time buyer it would probably be too basic for you, but I was looking for a quick primer before starting to read more technical books on investing in real estate.
It covers the essentials of mortgages, the bidding and negotiation process, working with agents and inspectors, the major government agencies that participate in the mortgage market, such as HUD, VA, Fannie Mae and Freddie Mac, and so on. Although you don't need to understand it to purchase a house, the secondary market is briefly discussed so you'll know what that is when you hear real estate professionals mention the term.
Most of the information is quite practical, such as how to deal with real estate agents (don't let them act like mothers-in-law and let them decide what's best for you in the way of a house, no matter how well-meaning their intentions), and inspectors (don't insist on being present during the inspection, it'll just distract them).
After the chapters devoted to the mechanics of buying the house, there's a chapter basically on "What now?" After the happy glow of buying your first house wears off, you'll now have to face the reality of doing the required maintenance and repairs, keeping up the lawn and landscaping, making sure you save enough to pay taxes, and so on. There are even useful hints on how to conserve energy and how much you can save by having old furnaces and air conditioners replaced, and the author says hers paid for itself in about 18 months, although the initial cost was daunting (about $2500). But it was worth it over the long run.
Finally, there's a chapter on foreclosure and what to do if you find yourself in that situation. There's help available in that many cities or state government agencies can help with either grants, money or advice. The book also has a glossary, and two appendices of useful worksheets such as comparing house features and mortgage lenders, a HUD-1 worksheet, and a VA guaranteed loan application form.
The book is clearly and concisely written and should give anyone a basic understanding of the home buying process. After this I went on to reading more advanced books on investing in real estate and it was useful for getting the basic knowledge quickly and easily.
Book Description
With more people than ever before applying for new loans and refinancing, an easy-to-understand guide has become a necessity for anyone confused by the complicated issues at stake. Mortgages 101 answers all the questions readers typically have, detailing all the latest changes in mortgage processes, and showing readers how to save money by:* understanding important terms like ARMs and Hybrids -- and what's in the fine print * improving their credit scores to increase their borrowing power* using technology to get the lowest interest rates* maximizing their return on investment, and cutting the cost of mortgage insuranceArranged in an easily accessible question-and-answer format, the book provides up-to-date lending formulas, as well as important information on lending requirements and application procedures. Mortgages 101 contains all the information readers need to know, in one must-have reference.
Customer Reviews:
Get you basics cleared here!.......2007-10-22
Good Book to get familiar with the jargon thrown at you by the realtors. Also covers some mortgage related history, math you need to know while answering the basic questions you have...
So simple!.......2007-05-22
Breaks down industry terms into bite sized chunks. Concepts are clear and simple. Put this in your backpack when talking with lenders/brokers/agents.
Excellent Explanation of Basics.......2007-03-13
This book helped me understand the mortgage jargon. I feel more confident of certain terms and mortgage products which can confuse anyone that is unsuspecting of mortgage dealings. Great Book!!!!
Mortgages 101.......2007-01-23
Mortgages 101 is an excellent resource for current home-owners, and aspiring ones. It provides a smart, clear understanding of the topic, and is relevent and accessible to a broad range of people and experiences. The question/answer format is easy to flip through, and is quite thorough. There is some very practical and realistic information for low to moderate income homeowners that are at-risk for predatory lending and other threats that can lead to foreclosure. This book is being strongly considered for the Post Purchase Education Curriculum --geared toward recent Home Owners--at a Local, Non-profit Home-Ownership Center.
The best investment you can make before taking the most important decision of your life!.......2006-07-03
I would recommend this book to any first time homebuyers who are intimidated about the entire mortgage process. Reading this book will truly make you feel smart about shopping around for a mortgage and will ensure that you are ready before committing to the biggest loan of your life. The "answer-question" format featured in the different chapters makes this book an easy and fast read.
Book Description
An expert guide to the ins and outs of real estate financing
Secrets of Buying and Selling Real Estate . . .Without Using Your Own Money! is the definitive insider's guide to traditional and creative (yet legal and ethical!) real estate financing.
In understandable, step-by-step language, it walks you through explanations and examples of conventional real estate financing so you understand clearly how most financing works. It examines all the available creative or unusual financing strategies that seasoned investors and homebuyers use every day to buy and finance properties. Drawing on his long experience as a successful real estate investor, Robert Shemin spotlights the advantages and disadvantages of various types of mortgages, terms, and financing strategies so you know all your best options. He also includes informative material on how credit scoring works and understanding credit ratings and credit problems that could scuttle your loan. Offering proven techniques, expert tips, and creative alternatives along the way, Shemin details every important aspect of the financing process, with in-depth discussion of topics such as:
- Owners' terms
- Contracts for deed, land contracts, and lease options
- How to use partners or cosigners
- How to get approval after a mortgage company turns you down
- How to buy property even if the bank says "no"
- Creative ways to obtain down payments, getting the seller to contribute using nonprofit programs
Download Description
A millionaire real estate investor explains the ins and outs of real estate financing
Secrets of Buying and Selling Real Estate is the definitive insider's guide to traditional and creative real estate financing. In understandable, step-by-step language, it walks readers through explanations and examples of conventional real estate financing so they understand clearly how most financing works. Renowned investor and real estate expert Robert Shemin spotlights the advantages and disadvantages of various types of mortgages, terms, and financing strategies. The book moves on to cover legal and ethical creative financing strategies that seasoned investors and homebuyers use to purchase and finance properties. Shemin elaborates on topics such as owners' terms; contracts for deed, land contracts, and lease-options; how to use partners or cosigners; numerous ways to get approval after a mortgage company has turned down the buyer; and creative ways to obtain down payments, getting the seller to contribute using nonprofit programs. Bonus material is also included in the form of a credit scoring and credit-repair seminar for which many people pay as much as $200 to $300. This is a groundbreaking book for anyone interested in real estate as an investment option and homebuyers who want to get the best deal for their money's worth.
Robert Shemin, JD, MBA (Miami, FL), is the author of The Wall Street Journal bestseller Secrets of a Millionaire Real Estate Investor, its follow-up title Secrets of a Millionaire Landlord, and Unlimited Riches. A nationally recognized real estate expert, he has appeared on NPR, the USA Radio Network, the Business Radio Network, and more than fifty other nationally syndicated and major-city talk radio programs.
Customer Reviews:
Take your advice from those who have done it ..........2004-06-23
Robert Shemin gives more information and ideas in Secrets of Buying... than one very famous real estate writer gives in four books and another charges thousands of dollars for. It is not a "get rich quick" plan. Remember to get your information from those who know what they are talking about and have done what you want to do, and Shemin is that man. You will always need more information, experts in your area, and experts in different fields of real estate; and Shemin states this in his book.
One real estate book will not solve all of your problems or answer all of your questions, but the bottom line is that this one gives you more than most. I will continue to go back to this book for ideas and to fine tune my investing skills for years. The only thing missing is him taking you by the hand to take action. Take responsability, be persistant, read, educate yourself, stay positive, be careful who you take advice from, take action, and stay positive.
Where's the Beef???.......2004-06-01
Anyone who remembers that old TV commercial for Wendy's will know exactly what I mean. This book has no substance. "Find a $300,000 house, buy it for $200,000 and flip it to an investor for $250,000 and pocket the difference". Yeah, it sounds nice but I live in a place called Earth. Perhaps in some depressed areas you might find sellers motivated enough to sell at that kind of discount, but don't plan on moving that property anytime soon either. Where I live, in Northern Virginia, people pay $30,000-$50,000 OVER the asking prices for a house. My neighbor just sold her TOWNHOUSE which she put on the market. She listed it for $385K and had SIX contracts on it the first week and sold it for $430K. Good luck finding a "motivated" seller around here. Up into southern Maryland you can find properties for below "market" value, but you can't turn them quickly.
This guy may have done quite well during the real estate boom, but its a different world now and the things he is saying to do "without by the way telling you HOW to do them" are just ludicrous.
Keep your money, don't waste it on this book.
The worst book.......2004-05-04
I have read probably twenty books in real Estate in the past six months...this is the worst so far. Whoever is writting is going at light speed and has no concept of teaching or sharing knowledge. It has no depth and he continuosly jumps from one subject to another not covering any of the real issues and questions. The bottom line...don't waste your money.There are "real good books" in real Estate but this is not one of them.
JC
Disseparate thoughts.......2004-03-14
I got into real estate investing primarily due to Mr. Shemin's first two books, "Secrets of a Millionaire Landlord" and "secrets of a Millionaire Real Estate Investor." Both of these books were excellent, and I wouldn't sell my copies for the world.
However, this is simply a collection of loosely connected thoughts strung together to create a book. Here is the plan presented in the book -- Find a $250,000 that you can purchase for $190,000 from a motivated seller, and sell it to someone else for $230,000, then retire rich.
Not much of a plan if you ask me, especially when where I live, a $250,000 would be a mansion, not a 3 bedroom 2 bath starter house. A real presented plan would be, do A, B, C, D, etc.
What he is suggesting in the book is not investing, rather it is speculating in real estate. While there is nothing wrong with that, let's call it what it is.
His other book, "Unlimited Riches," which I also own, covers everything here, and is a much better written book. It at least presents a cohesive plan that a novice might be able to follow.
The book updates us on where Mr. Shemin is going in his life, and career. He lets us know that he got out of the landlord business and is now speculating in real estate and "writing paper," (hard money lending) as he calls it.
I have read many what I call "Rah Rah" books. There is nothing wrong with convincing people that they too can succeed in real estate, but this book doesn't even do that.
I always try to find 2 or 3 new ideas, even out of a bad book. While there are a few ideas that make me go, "Hmm, interesting," there are no sonic booms here. The book comes off as an advertisement for his real estate seminars and multilevel marking of some products, nothing wrong with that, but not much else for me to sink my teeth into.
I am presently reading his new book "How to Avoid the 75 Mistakes Every Investor Makes." That book should have been 50 Mistakes, but they stretched a few to get 75. Mind you, they are not bad, just that some didn't even take up half a page, and there are 250 pages in that book.
If you have the money, buy the book, but if you have to choose between this one and another one, pass this one by. However, that said, do purchase his Millionaire books. They are worth the money.
In closing, I'd like to find someone who would write a book on how to check real estate records for liens. You know, the nitty gritty work of real estate investing. Instead, they all want you to pay the $1000 for this information.
Confirmed Sheminite!.......2004-01-17
Robert Shemin does not tout any get rich quick schemes or messages from this book or any other book he has written. Shemin is a practicing investor, out in the trenches daily writing contracts on properties & making very good money for doing it. This author does not promote illegal pyramid schemes! Mr. Shemin teaches what he knows and practices it daily. Everything that Shemin does, is well above the board! In fact every red cent that he makes on his book sales, he never sees, because it all goes to charity! Shemin makes his money on the properties that he buys, sells & holds. I have been following Shemin for a few years & have read everything he has written. I have also seen him in person at RE conventions & I have spoken to him personally. This man is the REAL DEAL & I am a confirmed Sheminite!
Book Description
Find The Home Mortgage That's Right For You
Finding the right mortgage can be complex, confusing, and frustrating. But that doesn't mean you have to settle for anything other than the terms you want. This indispensable and newly updated second edition of How to Save Thousands of Dollars on Your Home Mortgage spells out everything mortgage hunters need to know in clear and accessible terms. It covers more loan alternatives than any other book and examines the importance of discount points. It offers complete details on virtually every mortgage option currently available, what advantages each option offers, how to choose the right one for your needs, and how to save money in the process. New information in this edition will help you use the Internet to find a home and get a mortgage, examine automated underwriting models and conforming loan limits, and weigh new shopping strategies. Easy-to-read charts and graphs, helpful sample forms, and numerous examples will help you understand:
- First-time buyers programs
- APR, buy-downs, reverse mortgages, accelerated payoffs, and zero point loans
- Refinancing strategies
- Closing costs, lender fees, and other expenses
- How to dispute credit report errors and fix credit problems
- How to use the Internet for loan analysis
Customer Reviews:
A Home Buyer's Must Read.......2007-05-31
Randy Johnson is the best! He's a friend to you hoping to level the playing field so one gets the best mortgage for oneself - not for the banks or mortgage companies. A truly honest and sincere business man - however that might usually sound like an oxymoron.
I liked it.......2006-11-05
I found this book (the first edition) to be informative when I bought my first house.
Saving on home mortgage.......2006-07-14
book good as far as it went. For my purposes the amortization tablez did not go far enough, The tables stopped at $200,.000.00
A definite requirement for anyone thinking about getting a mortgage.......2006-07-12
I have done a lot of research and actually took the training to become a real estate agent, so I had a lot of basic information to start with. But the book explained a number of things that I have not been privy to.
Don't Get Deceived With Your Mortgage.......2005-11-16
I live in southern California and with today's housing prices in this area I still rent right now However, at some point in the near future, I will buy, no matter whether it's a place in SoCal or an investment property somewhere else in the country. When that happens I know that I will be very happy that I found Randy's Johnson's book before I started down the road of acquiring a mortgage.
The only reason that I gave 4 stars instead of a full 5 is that I felt that the book was just a little long winded and could have been condensed just a bit. The information contained within the book can help anyone from the first-time home buyer to someone who is looking to refi to get a great deal. Randy covers the details of rates, fixed vs. variable (ARMs), points, closing costs, and gives tips regarding each to try and land the best mortgage depending on a person's needs. In addition, Randy doesn't just discuss financial topics but also discusses the mortgage industry as a whole and the importance of finding a lender/broker that you can trust.
If you ever plan on owning a home or if you already own and want to trim the fat from your mortgage, read this book. If you are unfamiliar with mortgages, read something like "Mortgages for Dummies" or some other introductory book first and then read this book since Randy assumes, at times, a base knowledge of mortgages.
Book Description
All About Mortgages delivers straightforward information in an easy-to-understand, question-and-answer format that meets the needs of all players, buyers, sellers and agents.
This new edition contains money saving information on topics such as mortgages and the Internet; when to refinance and when not to prepay; what to do when the lender says ""no""; the latest on FHA loans; and more. Also included are a resource guide listing Internet sites and the names and contact information for consumer lending organizations and other valuable consumer resources.
Customer Reviews:
a must for home buyers and sellers.......2005-07-04
The process of buying a home is surely daunting and this book is very helpful on clarifying the scene before you get into the game without knowing what is going on around you. Although the market has changed a bit lately with interest-only loans and other new lending products, this book will provide you with the fundamentals of dealing with mortgage brokers and will help you decide for yourself, what is right fo you.
The best I've read.......2004-09-23
This is the 7th book on mortgages and home buying I've read in the last month or so and this is by far the best. Head and shoulders above the others
Great mortgage book.......2003-12-13
I'm a programmer analyst for a mortgage company. However, the one year experience I had working for a mortgage company with all the ongoing trainings and mortgage software application designs are nothing compared to this book. This is a great book with all info you need to know about mortgages. Would recommend to anyone.
All I can say is this is a great book, that is equivalent to 3 years of mortgage experience.
Good for home buyer, fair for fledgling mtg loan officer.......2003-04-11
I suppose this reference work is very informative to the home buyer ... if perhaps a bit too much to digest for the average casual reader. For an intern loan officer in an agressively propserous mortgage brokerage, the book provided some key information, but not the depth I had hoped for. Is it worth getting if your a mortgage professional? Yes, most definately. So much of the do's and don'ts of this industry are shrouded in statements like "well, we always did it that way" rather than simple straight forward explanations. This book was a breath of fresh air when I was floundering in my first year as a loan officer. Now, as a Senior Loan Officer at my company I still find myself referring to it from time to time for some of those elusive little details that always seem to arise in the loan process. Go ahead and get a copy. Either you'll learn something new or your boss will think you're applying yourself at home as well as on the job!
Great Reference Book!.......2000-07-04
This book is a great book for consumers as well as real estate professionals. You will definitely want to keep it close by to reference information about FHA, VA and conventional loans. It is easy to forget some of the details about differnt loans but Ms. Garton-Good has made it easy to look up information such as who can pay closing costs on VA loans and does the veteran have to pay the funding fee. Having a list of closing costs FHA borrowers are allowed to pay or not pay is also very helpful. This book answers a lot of questions you probably wanted to know but may have been afraid to ask!
I would recommend anyone thinking about buying or selling real estate and all real estate professionals make this book a part of their reference library right away.
Book Description
Use your home to finance your retirement
Forgot to save for retirement, but bought a house? Saved a lot and also bought a house? Whatever your situation, Retire on the House can show you how to best use your home equity for a long and prosperous retirement.
Focusing on both retirement and real estate, Retire on the House is designed for retiree homeowners who want to use their home equity to finance their retirement. Filled with valuable insights and practical advice, this unique guide illustrates a number of ways this can be done, including:
- Selling your current home at the top of the market, moving to a less expensive residence, and retiring on your profits
- Obtaining rental income from your current home by renting to boarders
- Remodeling your home into units for much higher rental income
- Three options for obtaining cash from your home without selling, remodeling, or renting it
- Reducing or eliminating retirement expenses such as taxes
- Balancing your real estate portfolio by diversifying with other asset classes
Many of today's homes have tremendous value, and with Retire on the House as your guide, you'll discover how to use this value to achieve the retirement you deserve.
Customer Reviews:
A great resource with tons of tips and suggestions........2005-12-18
I love this book because it is well-written and market savvy, but it doesn't talk over my head. The suggestions for how best to utilize my real estate equity are clear and forthright. The predictions for new up and coming areas to purchase in are so helpful(and worth the purchase of the book alone.) Also, the various strategies for planning for retirement make this book an absolute must-have for anyone who owns or dreams of owning a home. I highly recommend this book. As far as financial books go, this gets my highest rating!
Great book on important subject.......2005-12-16
If you or anyone you know has questions about real estate and the investment aspects of it - particularly as they get older then this is the book. After reading it, I decided to give copies of it for Christmas to my parents and my inlaws.
It does a great job of laying out the options homeowners have of using their single family residence as an investment. The real life examples of using home equity with a variety of reverse mortgages, interfamily loans and home equity lines of credit were very useful. It helped clarify a dizzying array of options available to me and others as a homeowner who may one day need to use my home equity to assist in retirement. I found this book to be incredibly thorough, well-researched and well written.
I highly recommend it to anyone with a meaningful amount of home equity and to those who advise investors on home investment options.
I recommend this book to anyone who owns a home.......2005-12-14
This is the first book I have seen that clearly describes the many ways one can use home equity as a source of retirement income. With Social Security diminishing in importance, shrinking corporate pension plans, and a volatile stock market, using one's home as an investment can be the cornerstone of a comfortable retirement for many Americans. The authors provide very practical ways for using home equity to enhance retirement, including: renting, selling high and moving to other "value" areas, private annuity trusts, interfamily loans, and sales and reverse mortgages. I like that the authors have invested successfully in residential real estate themselves and that they have advised clients on many of the strategies described in the book. This book is a winner with timeless strategies and loads of advice.
Excellent book. Highly recommend it........2005-11-22
This is a great book. Well written and well thought out. I highly recommend it without any reservation, whatsoever.
Book Description
The "Mortgage Professor" answers critical homemortgage questions
This value-packed consumer reference by a nationally syndicated mortgage columnist is indispensable for anyone looking to secure a home mortgage. The Pocket Mortgage Guide answers 50 of the most commonly asked mortgage questions, including:
- How can I find the lowest-cost lender?
- Should I choose a 15-year loan or a 30-year loan?
- What is PMI and how can I cancel it?
- How large a mortgage will I be able to afford?
- What will my monthly mortgage payment be?
- What is a "debt ratio" used for and how is it calculated?
- What is a home equity line of credit and what should it be used for?
The book also provides valuable interest amortization tables and is the perfect resource for home buyers.
Customer Reviews:
Another Great Book From Guttentag!!!!!!!!!!!!!!!!!!!!!!!!!!!.......2004-09-14
I have posted a review of this author's Mortgage Encyclopedia. Just as you should not be without that book, neither should you be without this one if you are getting into the mortgage business, are a mortgage veteran, or you are thinking about buying a home.
This book is invaluable, and I say that as the owner of more than a hundred mortgage and homebuying books. It is pocket-sized, covers all the issues you could want to know about, and is written in an authoritative yet accessible style. Buy this book before all other homebuying books.
Customer Reviews:
Indispensable.......1998-11-29
An extremely competent do-it-yourself vloume on saving your home by avoiding foreclosure and even making a profit. He goes to lengths to explain what to do when foreclosure threatens, how to get a new loan, restructuring your mortgage, your legal rights. Large-sized volume. Porter explains wonders in 162 pages. Also some very, very interesting personal experiences the author has gone through that will have you sitting up in your worries and paying attention. Indispensable!
This book can help you avoid foreclosure........1998-11-29
This is a subject dear to the hearts of many people in the Houston area and Texas as a whole. Although decreasing, foreclosures still are occurring with an alarming frequency in this area. The reader is lead through the sequence of what happens when someone goes through a foreclosure. This starts with the first time you stop making mortgage payments through to the foreclosure sale and beyond; including the legal consequences after it is all over. The book isn't just a simple explanation of how to endure a foreclosure, though. It also offers ways to avoid a foreclosure, such as working with your lender, looking for help from the government, or getting help form the legal system. It details the steps the lender will be taking at the same time to foreclose upon you. To make the book complete, it even has a chapter on how you can buy foreclosed-upon property. This book is worth a read for any homeowner.
Financially endangered persons will want to read this guide........1998-11-29
Most home owners are unaware of the secrets that lie hidden in the foreclosure process, knowldege that this book claims would allow most anyone facing the loss of their home not only to live rent free but also to avoid foreclosure altogether. Furthermore, whether you own a house, townhouse, farm, or business property, Porter alleges that profit can be made from a foreclosure situation! While it is difficult to know if these methods work, financially endangered persons will want to read this guide. At the very least, they will learn how every home buyer today is at the mercy of the creditor (the loan institution) and how banks illegally "create" money by lending out their credit. Interesting appendixes offer further explication of state foreclosure laws, various federal resources, and amortizaed loans.
Product Description
Streetwise Seller Financing is designed as a complete guide to the entire process of seller financing real estate. Starting with the homework before the sale, Eddie Speed moves through underwriting, structuring the sale, complying with applicable state and federal laws, preventing default and what to do if your property does enter default. Table of Contents: Introduction Part i: Homework Before the Sale Should I Owner-Finance? The Application Employment Section Rental History Reference Verification Balance Sheet Credit Report Understanding the Credit Score Public Record Information Trades Information Sources of Public Records Common Sense Underwriting Underwriting Food for Thought Calculating Ability to Pay The 5 C's of Credit Part ii: Structuring the Sale The Credit Score and Loan to Value The Property Type and Loan to Value A Word About Interest Rates What is the "Right" Structure for my Note? Why Loan to Value is Important Legal Requirements for Notes Real Estate Settlement Practices Act (RESPA) Truth in Lending Act (TILA) Equal Opportunity Credit Act Home Mortgage Disclosure Act Gramm-Leach-Bliley Act Fair Credit Reporting Act State Laws A Word on Late Fees Escrow Accounts Why collect Escrow? Legal Limits Interest on Escrow accounts Other Legal Issues IRS 1098 Reporting Requirements Organizing Your Portfolio Part iii: Conditions Leading to Default P&I Delinquency Unpaid Property Taxes No Hazard Insurance Other Liens Poor Property Management Common Sense Collection Calls The Importance of Collecting on Your Note Establishing Payment Expectations Permanent Corrective Action Collection Schedule Telephone Collection Calls Keeping Good Pay Histories Skip-Tracing Fair Debt Collection Practices Act Alternatives to Foreclosure Forbearance Recasting Government Assistance What to Expect When Your Loan Enters Default Bankruptcy Foreclosure Judicial Foreclosure Power-of-Sale Foreclosures Deficiency Judgements Surrender of Deed Presale of Property Tax Consequences of Default Selling Your Note Partial Purchases Conclusion Appendix A: Glossary of Terms Appendix B: Important Forms US Bankruptcy Court Proof of Claim Sample Freddie Mac Universal Loan Application Payment Reminder Letter Notice of Non Payment - Letter # 1 Notice of Non Payment - Letter # 2 Notice of Non Payment - Letter # 3 Sample Breech Letter Notice of Intention to Foreclose Sample Borrower's Financial Statement Notice Required by Fair Debt Collection Practices Act IRS Form 1099-A Acquisition or Abandonment of Secured Property IRS Form 1099-C Cancellation of Debt Notice to Users of Consumer Reports Sample Truth in Lending Disclosure Statement HUD-1 Settlement Statement Seller Disclosure of Condition IRS Form 1098 Mortgage Interest Statement IRS Form 1096 Annual Summary and Transmittal of Returns Appendix C: Delinquent Servicing Schedule Index
Customer Reviews:
Great read for any real estate investor!.......2007-09-12
In these rocky times for real estate investors it's getting harder to sell houses. This is an excellent book that explains how the seller financing procedure works. It is the most complete book on the subject that I have ever read. If you are a real estate investor and you rehab houses or lease option, this is a must read.
A Great Primer.......2007-09-11
Don't bother taking Russ Dalbey's course. Read this book,call Eddy to create the note he'll buy then go fishing.
Streetwise Seller Financing.......2004-07-08
I've done private financing using seller notes for over 20 years. In this field, knowledge and integrity are of extreme importance. This book provides all the knowledge that any note seller will ever need, and more. We've always known this method of funding can quadruple the inquiries and double the qualified buyers, now the average seller knows how everything works. That's a hundred times better than being at the mercy of the institutional mortgage system as it now exists.
Streetwise Seller Financing.......2003-12-18
If you are interested in seller financing, this is the book you must have. As a practicing attorney for 30+ years, specializing in real estate, I thought I knew it all but I even learned some things from Mr. Speed's book. He speaks to the issues facing seller financing in a way that is easy to understand and follow with real world solutions. This is a tough area with many dangerous curves but Streetwise Seller Financing addresses each issue providing valuable tips to assist the seller. I found the book to be of more help then many of the legal books due to the fact that Mr. Speed does not give you theory but just important facts on the correct way. I have dealt with many lenders in my years of law practice that could have used this book.
Every seller financer and note holder should read this!.......2003-11-15
Eddie Speed quotes the seasoned Texas banker who said, "The best time to worry about a loan is before you make it." Then he details how to do so. As a note broker, I can recommend this book to anyone considering seller financing. Whether you plan to collect payments for 30 years or you want to sell your note at some time in the future, this book will help you create a note that is more likely to be an asset you can sell instead of a life time headache. This book is a guide for the creation of the note and a reference for managing it. It even has helpful ideas for what to do when things go wrong during the life of the note. This book proves that good things come in small packages. Every note holder should keep it handy. I plan to.
Average customer rating:
- Terrific!
- Excellent
- Informative, but wordy
|
Your Dream Home: A Comprehensive Guide to Buying a House, Condo, or Co-op (Money America's Financial Advisor)
Marguerite Smith
Manufacturer: Grand Central Publishing
ProductGroup: Book
Binding: Paperback
 General
| Business & Investing
| Subjects
| Books
Buying & Selling Homes
| Real Estate
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Home Buying For Dummies, 3rd edition
ASIN: 0446672459 |
Customer Reviews:
Terrific!.......2000-10-05
A terrific handbook. It gave me all of the information I needed and in a manner that was easy to understand. Highly recommended. I agree with the reader from New York. Decisions like this require expert advice.
Excellent.......2000-03-09
This book is an excellent overview of a complex subject. Written in a clear, straight-forward style, Smith's book can be an indispensible companion to buying a first or last home. I haven't read the House Buying for Dummies book that was mentioned by an earlier reviewer, but, when I'm confronted with the bigeest purchase of my life, I'd rather stick with someone who has a bit more obvious expertise.
Informative, but wordy.......1999-04-15
Reading this book was much like reading a college textbook. The information therein was helpful, but the style was wordy and technical. The book could have been more concise. As a reference guide, I preferred the book House Buying for Dummies.
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