California Residential Foreclosures

Book excerpt: 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.