Goldmining in Foreclosure Properties (3rd Ed.)

"Using your Goldmining system, there seems to be no end to the deals I’m making. You’re making me a very rich man. Thanks." —H. Marcus, Costa Mesa, California "I followed your advice to the letter and made over $12,000 on my first deal and over $15,000 on my next. Your forms and checklists are worth a fortune to me." —N. Dooley, Los Angeles, California "We bought our first home with only option money (that was refunded by our mortgage) using your ideas." —E. M. Strand, Chicago, Illinois As these telling excerpts from letters to George Achenbach confirm, "there’s gold in them thar" distress properties when you follow the practical advice in his bestselling Goldmining in Foreclosure Properties, now in an updated Third Edition. Drawing on his quarter century of experience in foreclosure transactions, Achenbach offers you the proven strategies and techniques that can help you consistently profit from today’s massive foreclosure market while assisting troubled owners at the same time. With the aid of many new and classic case studies and a treasury of utterly unique forms, worksheets, and checklists, you’ll learn how to act decisively during each stage of the distress property cycle—from the stage before legal action commences, through the filing of legal papers and auction time, to the REO (real estate owned) phase when lenders take over the property. Whether you’re an experienced investor or a first-time buyer, Achenbach’s complete money-making system will help you to:

• Focus on a specific territory and learn every relevant aspect of it
• Set comfortable goals so you don’t overextend yourself
• Pick the right foreclosure opportunities and avoid potential trouble
• Bid more successfully at auctions
• Deal effectively with lenders when property goes REO
• Create rental income and tax savings through the leasing of properties
• Resell property quickly when the time is exactly right
• Cut legal, realty, and bank costs associated with transactions—and more

GEORGE ACHENBACH is president of a private venture capital and income property investment company. As a graduate engineer, he started 10 businesses and built more than 7,000 homes and apartments, as well as many commercial and industrial projects. He has spent more than 25 years buying and selling properties using the techniques presented in Goldmining in Foreclosure Properties, which has sold more than 50,000 copies.