The Valuation Of Land And Houses

Posted In: House Valuation

Teresa Schwan says...

The book shows you how banks thinks. By understanding their mentality you will have an advantage over them when you have located a property that the banks is holding firmly on to. When the bank perceives no equity in an over leveraged property, you now will have your opportunity to create equity with the bank's help. The book shows you how to go about and make that a profitable reality.

Posted on November 16, 2011

Jewell Basden says...

Read this book, educate yourself, get on their mailing list and let them continue to teach you. Taking action is the key, applied knowledge is power. This book will clarify what can be a very confusing process, they simplify the process and provide very usable information for both homeowners and investors alike. A small price to pay to save you thousands in the big picture. Highly recommended.

Posted on November 16, 2011

Ann Crawshaw says...

The author is totally right about the fact that banks are in the business of lending money, not owning properties. To banks, loans are assets, and if people are making their payments, their loans are considered performing, and when they stop making payments, they become non-performing. If these loans do not begin to perform again, they have to be written it off, meaning that the banks have to take them off their balance sheets and declare huge losses. If the banks are publicly traded on the New York Stock Exchange or the NASDAQ, this means that reporting huge losses that can plunge their stock prices. This is not good news for the banks' CEOs, who very likely hold these stocks in their own portfolios, but also have to report to shareholders. As a result, the banks have incentives to make deals with homeowners.



In this book, you will learn what a short sale is and why it is your best option, if you are "underwater," meaning that you owe more than your house is worth. Because sometimes banks do not allow short sales, this book also covers other alternatives such as loan modifications, forbearance, and renting the property out. I think people will find this book useful because there are other solutions than simply declaring bankruptcy or going into foreclose.



- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

Posted on November 19, 2011

Sharolyn Bastien says...

I got this book over a month ago, with Dwan's other book, Short-Sale Pre-Foreclosure Investing, and they are both excellent resources for investors as well as homeowners in distress, who want to understand the process of foreclosure. The more you know, the more you can help yourself, and Dwan knows a LOT! I have bought almost all her other materials and have huge binders worth of stuff (which cost several hundred bucks) that show how to do short sales and invest in foreclosures - so this nice little handheld book seems like a total bargain, and it fits nicely in my purse! Seriously people - Dwan has earned the right to charge buku bucks for her knowledge and expertise so if you're able to get all this info for less than [...], it's is a steal.



I was really happy to see this book on display at my local library. SO MANY PEOPLE NEED THIS INFO... My neighbors (who were convinced a real estate agent could bail them out of their situation) just lost their home to foreclosure and it is a tragedy. They had kids who grew up there and lived there for 8 years. They had to move out this past weekend and now the Dad will have a foreclosure on his record - for LIFE (whenever he applies for a loan in the future, he will probably have to report it). He could have done a short sale and not only saved himself a lot of stress but also could have gotten some money to move with. He had to move out feeling like the bank won and he didn't get any choice in the matter. People, do not let this happen to you.



The book covers a lot of things like:



-How to deal with your emotions if you are in financial trouble (anger, embarrassment, fear, depression, etc).

-Loan Modifications

-What Banks Want

-Doing a short sale (and putting the package together) plus, requirements for financially distressed homeowners

-What happens if you walk away from your property

-What you need to get in writing

-Government programs and Mortgage Relief Organizations (that alone is worth 10x the price of the book!)



There is WAY more than this (check out the description, it should have more info). Seriously people, this book is jam packed with info. If you or someone you love is facing foreclosure, earn yourself some good karma and get it for them NOW.

Posted on November 19, 2011

Sheree Karnas says...

Very timely book. Got the Kindle version.Gives a good historical description of how we got into them mess and what are your options to get out of the mess. Short sales are part of the real estate landscape and will be for the next few years. Chapters give a step by step for available options. Great companion to Short Sale Pre Foreclosure Investing by Sharon Restrepo.

Posted on November 19, 2011

Carol Biondi says...

The title suggests a book that is very topical today.While that's accurate, the text is very lightweight in its treatment of the issues.The writing comes across as more of a transcript of a radio show conversation between two moderately informed individuals than a serious, well researched take on a serious set of financial issues facing many families.It's ok, but to me the text is more brochure-ware than financial reference or guide.

Posted on November 20, 2011

Bertie Ranieri says...

I bought this book and read it on vacation last month, I go home every year and stay with my best friend.This year he was under a lot of pressure because he had banks breathing down his throat.Long story short,I bought the book and read it to find out if I could help him out.My wife and I are in the real-estate business -she's a realtor, and we own rental units.I guess I didn't realize until after I read this book just how little I knew about helping a person when they're in jeopardy of losing their home.This book not only gives you the options that you didn't know you had, it also explains them in simple terms, and gives you step by step procedures.There are a lot of forms, I didn't have any problems opening them, but if you do, right in the front of the book on page vii is a phone number to call if you're having problems.This book also tells you what to say to lenders, creditors, debit collectors and so on.

Another impressive thing the author does is take you step by step through the emotional rollercoaster that you go on, this way you don't feel like you're all alone - that's a very depressing place to be.This book gives you hope and a purpose again when your ready to accept it. The following are words from the author that struct me the first time I read them: "Please read this book with an open mind.Its never easy to start over, but it may be necessary.We promise, life can be great again.You can own a home, you can invest in rentals, you can become wealthy, you may even share your story and offer encouragement to others... we do!" and they did in this book.

Well my best friend is still going through foreclosure but he knows what his options are.I'm a thousand miles away and I am able to give him advice.I bought him a copy of this book also.A week or so ago his sister called me and told me that she was losing her vacation house in Florida due to foreclosure.I had her get this book from him and told her some quick things to read, now she knows some things she can do also.



I more then recommend this book. MC

Posted on November 21, 2011

Teresa Searl says...

I highly recommend this book. I have attended Dwan's Seminar and have several of her courses and she knows the real estate market. This book gives you the options to sell your house when the house is worth less than the mortgage. This book helps you choose the right option and gives you a step by step way to proceed and gives you the knowledge to solve your problem.

Posted on November 21, 2011

Eldora Donton says...

News articles published today report that nearly 50 percent of all homeowners could be "under water"--that is, owe more than he home is worth--on their mortgages by 2011. This book offers timely advice for that significant segment of the population. Dwan and longtime partner Sharon Restrepo are pros in the real estate industry with decades of experience behind them. Very educational and necessary reading for many, many homeowners.

Posted on November 23, 2011

Maia Kues says...

Short Sales is not an easy market to work without correct and complete directions from someone that have experience and are willing to show you how to do it the right way. Dwan is making some very good points and the reader should appreciate the value, especially a begginer real estate investor in todays recession!

Posted on November 27, 2011