6 Books About Foreclosures You Need to Read

Everything you need to know about purchasing and selling foreclosed properties

The demand for real estate has shot up over the last several years, and, accordingly, so have prices. However, finding affordable properties has never been easier—foreclosures are all over the place, and banks and other lenders are more than willing to get them out of their hair. However, for many real estate professionals, foreclosures are a foreign concept; you know what they are, but you don’t know how to go about investing in them. Luckily for you, experts with years of experience in the foreclosure sector are happy to share their knowledge. Here are six books that you should read if you are thinking about investing in foreclosures:

1).  The Complete Guide to Investing in Foreclosures by Steve Berges

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The Complete Guide to Investing in Foreclosures is no misnomer. Steve Berges makes sure to cover all the bases in his work; not only does he demonstrate how to identify and seize the best opportunities, but he makes sure that you know how to avoid the dangers of the foreclosure industry as well. If you are just starting out and want to know all there is to know, then this is the book for you!

2.) The Pre-Foreclosure Property Investor’s Kit by Thomas Lucier

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In The Pre-Foreclosure Property Investor’s Kit, Thomas Lucier offers thorough instructions and expert advice on finding the best deals, estimating fair market value, negotiating with sellers, and overall just winning the real estate game. You also receive to-the-point worksheets, checklists, and other such things that make it easy to put your foot in the door. Lucier’s kit has all the tools you need to succeed.


3). Short-Sale Pre-Foreclosure Investing by Dwan Bent-Twyford

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There are not many books on the market that cover investing in short sales, but there don’t need to be. Dwan Bent-Twyford’s Short-Sale Pre-Foreclosure Investing helps readers understand how to get major discounts on hot properties and generate jaw-dropping profits. Many real estate agents and investors do not know much about short-sales, so give yourself an advantage and learn all you can.


4). Gold mining in Foreclosure Properties by George Achenbach

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Backed by thirty years of experience in the real estate industry, George Achenbach knows the ins and outs of the foreclosure process like no other. When you invest in Goldmining in Foreclosure Properties, you receive expert advice on locating the best properties, evaluating said properties, successfully bidding, and much more. On top of that, the book is filled with worksheets, checklists, and real-life examples—it’s a goldmine in and of itself!


5) Buying Real Estate Foreclosures by Melissa Kollen-Rice

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Melissa Kollen-Rice provides the most current and minute information on foreclosures in the industry. When you are an investor who is ready to take on the challenge of foreclosed properties, but you still need some guidance of uncharted territory, this is the book for you. Equipped with the information in Kollen-Rice’s guide, you can confidently dominate the foreclosure sector.


6). How to Buy Foreclosed Real Estate by Theodore J. Dallow

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Theodore J. Dallow’s How to Buy Foreclosed Real Estate makes it easy to navigate the waves of the housing market. Whether you are looking for a property to keep or a property to sell, Dallow will guide you through every step of the purchasing process. Complete with an analysis of the current housing market and strategies for identifying great-value properties, How to Buy Foreclosed Real Estate teaches you all you need to know about… well, buying foreclosed real estate.

We are so lucky to live in a world where in-depth step-by-step processes are right at our fingertips. What are you waiting for? Start learning from the pros now—and maybe one day, you will be the one writing a book about your success with foreclosures.

If you have any other suggestions for helpful real estate-centric books, please let us know! We are more than eager to expand our list.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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  1. Hi, Tricia Marsh on investing in Foreclosed Properties. I would like to know is it feasible to take a foreclosure class through college program or read books, research internet to receive the best ways of acquiring foreclosure properties? I’m willing to invest in my knowledge of buying/selling foreclosure properties. I want the best course of action that I can take action, soon. Thank You .

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