Due to the wave of refinancing and subprime lending in recent years, and the subsequent fall in home values, millions of properties are worth less than their mortgages. The only way for these properties to sell is through a "short sale," in which the bank holding the mortgage agrees to sell the property at a loss -- to a savvy investor. Banks will do this because they need to get "upside down" loans off their books and they do not want to be holding property that is in default.

Short sales are the hottest topic in today's real estate investing market, yet most real estate agents and investors don't know how they work or how to make money on them. This book will teach investors how to negotiate with banks to buy properties at big discounts, creating windfall profits for the investor. Readers will learn:

• what 90% of real estate agents and investors don't know about: the short sale.
• how to make huge profits from the banks' misfortune.
• how to help homeowners in foreclosure and get a killer deal yourself, at the same time.
• how to buy properties for fifty cents on the dollar with no real estate license, using no money or credit.
• how to "buy low" and "sell low" during the crashing foreclosure market.
• how to stay on the cutting edge of the down market and how to get rich...now.