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Updated almost 3 years ago on . Most recent reply

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1
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Austin Peters
  • New to Real Estate
  • Colorado Springs
1
Votes |
11
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Interested in Foreclosure books.

Austin Peters
  • New to Real Estate
  • Colorado Springs
Posted

Hello All, 

I am looking for a good book on foreclosures to broaden my knowledge base. A simple google search gives me some unappealing options; wondering if there is anything else out there. 

Thanks in advance, 

Austin Peters

Most Popular Reply

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303
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332
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Marty Boardman
  • Real Estate Investor and Instructor
  • Gilbert, AZ
332
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303
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Marty Boardman
  • Real Estate Investor and Instructor
  • Gilbert, AZ
Replied
Quote from @Austin Peters:

My knowledge of real estate is very minimal. A complete outline of the whole process would be great and seems pretty lucrative if you know what you're doing. Happy Easter, everyone! 


As Dwayne mentioned, the foreclosure process varies from state to state, and even from county to county. Once you understand how the legal process works in your area then you can develop a strategy that works best (i.e. pre-foreclosure, auction, purchasing redemption rights, excess proceeds, surplus funds).

Colorado is a non-judicial state and there are no redemption rights after the sale. If you can find someone locally (i.e. real estate attorney, title company rep) to break it down for you that would be ideal. I've found local investors don't always like sharing what they know about buying foreclosures because it creates more competition. But it's worth a shot! Good luck Austin!

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