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 enlarge | Author: Thomas Lucier
Publisher: Wiley
Category: Book
List Price: $24.95
Buy New: $13.65
You Save: $11.30 (45%)
New (45) Used (25) from $10.48
Rating:  210 reviews
Sales Rank: 3725
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 1
Dimensions (in): 9 x 7.4 x 0.7
ISBN: 0471692794
Dewey Decimal Number: 332.6324
EAN: 9780471692799
ASIN: 0471692794
Publication Date: December 27, 2004
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Condition: Crisp clean and unread. No marks. Compare seller ratings. We offer excellent customer service.
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| Customer Reviews:
 Good read April 17, 2008
Very informative kit. Many people hear the word foreclosure or pre-foreclosure and automatically think, bargain or a steal or buying a home for dirt cheap; but there's a lot more to it than that and this book gives you a very good insight of how the process works. Buying distressed Real Estate can be time consuming, costly and a real challenge, as you will find out after reading this book.
Perhaps the best book on foreclosures for the average reader. February 27, 2008
5 out of 5 found this review helpful
This is the fourth book on foreclosures that I have read in the last two weeks and it is by far the best. copywrite is 2005. The author says less than 10% of the people reading this book will ever buy a foreclosure property. He also says, "The number one reason most beginners strike out in this business is they overestimate the current market value of the very first pre-foreclosure property they purchase". "Market value" is not the same as "current value". "Assessed value" is not the same as "appraised value". The author explains things in detail. He also gives you many, many sources online where you can gather much needed information to make quality business decisions. The many online sources alone justify the purchase of this book, but it is the author's honest handling of all phases of the foreclosure process that should make this your first foreclosure book. If you are currently in foreclosure buy this book and help yourself negotiate. If you are thinking of buying a foreclosure buy this book and learn why not to "purchase at auction on the courthouse steps" and why you should always pay a professional to do a through title search. One more thing. Some properties are not insurable. This book can easily save you thousands of dollars.
Excellent book November 26, 2007
1 out of 3 found this review helpful
Highly recommend. Too many of these RE investment books are full of air. This one, however, is timely and substantive without being too wordy. Very easy to peruse and use!
Comprehensive, Informative, Better Than Fantastic! November 9, 2007
6 out of 8 found this review helpful
After having read this book I am of the opinion that Thomas J. Lucier has written the definitive "must buy" book on pre-foreclosure investing. This book is comprehensive in scope -- he lays it all out for the reader, walking you through the pre-foreclosure investing process from A to Z. You will learn about state foreclosure laws, how to deal with lenders, the psychology of dealing with property owners who are in the midst of foreclosure, how to use foreclosure notices to locate local properties, using direct mail and inexpensive classified ads to contact prospective sellers -- it's all here.
I found the writing style to be clear and concise, and unlike so many other authors who use their books as nothing more than marketing vehicles to promote their other programs, Lucier actually teaches you what you'll need to know to make a success of it as a pre-foreclosure investor. A nice bonus is that Lucier includes a list of Internet resources for you to continue your research online.
Also, the last seventeen pages of the book are devoted to, "How to Package, Market, and Resell Pre-Foreclosures for Maximum Profit." While excellent information to include, this chapter only gives you a "taste" of what you'll need to know after you have used Lucier's excellent techniques to acquire a property. You'll need to pick up another book in order to fully learn this phase of the investing process and I have a recommendation.
In the spirit of full disclosure, I should say that I am an attorney, real estate broker, investor, trainer, and author of another unique and highly readable book on real estate investing that can also be found here on Amazon -- The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording. The book also includes sample leases, forms, and checklists, so that you can actually go out and implement the investing strategy it teaches as soon as you're done reading.
Perhaps one of the reasons I like Lucier's book so much is the fact that he has written his book exactly as I'd have written it myself had he not already beaten me to the punch!
good overall information November 4, 2007
5 out of 6 found this review helpful
I am a very experienced investor (over 35 years in Real Estate Mortgages, Brokerage and appraising) and have purchased several properties at auction. This book does outline his program of acquiring properties before they go to sale. As possess are different in across the country, the book does apply broad principles. It is much more informative than similar books that just talk about past transactions. He does appear to have very practical experience which is more than I can say about other writers.
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