Foreclosure Investing - Buying Bank-Owned Properties (REOs)

Gene Grossman points out the pitfalls to avoid in R.E.O. (Real Estate Owned by the lenders) investing and reveals the 'secrets' that infomercial hucksters brag about in their "Get Rich in Real Estate" spiels, including finding properties, negotiating with banks, calculating property value, using title insurance, the 28:36 credit ratio, buying after the auction, and much more.