Review: Why this won't work
Rating: 1 out of 5
Date: 09 12, 2012
I'm surprised this book was published in 2011 because it includes techniques such as double escrow that are basically outdated (additionally unethical or even illegal in some situations). I've practiced real estate in PA and CO and both states basically preclude double escrows. Title companies won't issue the title on such a deal. If you hold a real estate license, you also risk having your license yanked.Other reasons this book is ridiculous:1. There is no secret to getting a pre-foreclosure list. Just contact your title company and you can usually get a NOD list. Just keep in mind that each person on that pre-foreclosure list is getting a flood of phone calls and mail from other people hoping to make millions from reading this ridiculous book (and other books).2. In many municipalities, you can't do door-to-door solicitations like he describes in the book. This leaves you with sending mail. FYI, most people in foreclosure aren't too eager to open their mail.Perhaps these techniques worked about 20 years ago, but the book is a little sparse on reality to really make a livable wage.