New Release Shows Brighter Side of Foreclosures, Short Sales and Loan Modifications in Light of Real Estate Mess

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Foreclosures, short sales, loan modifications and declining real estate values have stuck fear and panic into the hearts of homeowners and consumers alike. But this has also opened up unprecedented opportunities for first-time homebuyers and real estate investors who want to start building wealth. Real estate finance expert and best-selling author Chip Cummings shares how to do it without losing your assets.

Cashing In on Pre-foreclosures and Short Sales

While there are definitely people hurting out there, banks and mortgage lenders are looking to make deals any way they can

Grand Rapids, MI -- Despite the rough economic times and record foreclosure numbers, there has never been a better time to buy and invest in real estate. But this new real estate market has brought new rules, and with it a host of new dangers for those who enter ill-prepared.

"While there are definitely people hurting out there, banks and mortgage lenders are looking to make deals any way they can," said Chip Cummings, 27-year industry expert and best-selling author. "With the new rules for short sales and loan modifications, the opportunities out there for investors and even first-time homebuyers are the best we've seen in decades. But you have to know what to look for, and more importantly, what to ask for."

Dabbling in the real estate foreclosure and the short sale market is not for the faint of heart. Such are the lessons in Cummings' new release "Cashing In on Pre-foreclosures and Short Sales - A Real Estate Investors Guide to Making a Fortune, Even in a Down Market" (Wiley). In this his sixth book, Cummings teaches readers how to properly evaluate both the potential and the risks involved with a foreclosure property, and reveals a specific 17-step plan for negotiating short sales, loan modifications and sales agreements that result in win-win transactions for sellers and mortgage lenders - as well as the buyer.

The book comes complete with updated foreclosure guidelines and dozens of ready to use letters, forms, worksheets, agreements and checklists to help both real estate pros and beginners alike navigate the sometimes muddy and turbulent waters of the foreclosure and short sale process. Tapping into a vast network of real estate and business experts, Cummings also shares a wide variety of downloadable resources for those looking to build wealth during these challenging economic times.

Access to these downloads, as well as electronic copies of all the foreclosure, short sale and loan modification forms and letters can be found at the "Foreclosure & Short Sale Resource Download" Page

"Cashing In on Pre-foreclosures and Short Sales" is now available in bookstores nationwide or online through Amazon, Barnes & Noble and other retailers. Author Chip Cummings has appeared on major networks such as FOX, NBC and ABC and is available for interviews or appearances upon request. A media kit is available at "Chip Cummings Media Room", or by calling Northwind at (866) 977-7900.

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