California Residential Foreclosures

California Residential Foreclosures

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If you are interested in learning the mechanics of buying and selling homes in foreclosure from the experts, then this book is for you. California Residential Foreclosures takes you beyond the foreclosure hype and into the practical mechanics and legal framework required to successfully execute a sale or purchase of distressed residential property. Buyers and sellers will learn how to confidently complete transactions with simple step-by-step examples while gaining a comprehensive understanding of the pitfalls and prevailing laws that govern such transactions. Furthermore, this book will arm the equity purchase (EP) investor with the expertise needed to apply all EP rules, while personally handling the negotiations and documentation necessary to contract for, escrow and acquire a home during the period the property is in foreclosure. Real estate licensees and lawyers will find a comprehensive and complete treatment of the subject matter. Whether you act as an agent to a transaction or as an attorney advisor to a client, this book provides the most current laws and covers all the relevant statutory provisions that control interactions between sellers-in-foreclosure and investors. As this book goes to print, pending legislation may even require brokers representing EP investors to be bonded. Filled with scores of case examples that present the subject matter in an easy to understand, hands-on approach, California Residential Foreclosures will arm homeowners, investors, licensees and attorneys with the tools necessary to handle all aspects of the sale and acquisition of residential property in foreclosure.The Complete Guide to Equity Purchases and the Laws Governing Distress Sales Fred Crane, Connor P. Wallmark, Giang Hoang ... [HUD Mortgagee Letter 94-45] Likewise, if the loan is a conventional loan covered by private mortgage insurance (PMI), the lendera#39;s ... generated by the discount on a short sale if title to the property is transferred to the person offering the service, called a coordinator.

Title:California Residential Foreclosures
Author:Fred Crane, Connor P. Wallmark, Giang Hoang
Publisher:Zyrus Press - 2008-04-01


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