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Title: The Crown Jewel
Review: One of my investors advised me that a property owner approached him with an opportunity to purchase his property for the balance of the loan.The remaining balance of the loan was much higher than the value of the home on the market, so the investor told the owner he was not interested. The investor relayed this information to me, so I decided to look for a resource that would assist me in conducting a preforeclosure(short-sale)transaction.I purchased Tom's book for one chapter-Chapter 16.After reading the chapter, I put his information to good use.In November of last year, I initiated the process and in February 2006, I closed on the deal.I can't wait to apply Tom's techniques described in the rest of the book. A must read for realtors and/or investors alike.
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