Real Estate

Learn the whole truth about foreclosures—and discover some real bargains too!

In Foreclosure Myths, Ralph Roberts and Certified Mortgage Consultant Chip Cummings debunk seventy-seven persistent myths that prevent would-be homeowners and real estate investors from taking advantage of the tremendous profit to be had in foreclosures. Through the process of revealing the truth about the most persistent foreclosure myths, Roberts and Cummings show you how to find, evaluate, and buy foreclosure properties at a discount—including how you can use other people's money to finance your investments. In addition, the book features quotes and firsthand stories from top industry professionals and handy resources like national and state foreclosure guidelines, sample forms, checklists, and all the other tools everyday investors need to earn a profit buying, fixing up, and selling or renting out foreclosure properties—or simply making the property their new home.

Learn why these and other myths aren't true at all:

• There's nothing an investor can do to assist distressed homeowners

• Only insiders can find good foreclosure properties

• You need a lot of money to start investing

• Only experts can understand the foreclosure process

• Every foreclosure property is a moneymaking deal

• Real estate agents always get the good deals at auction

• Foreclosed properties are always in terrible shape

• You can only sell a foreclosure home after extensive renovations