I. Introduction to Foreclosure

A. Definition

B. Types of Foreclosed Properties

II. Locating Distressed Properties

A. Locating Properties for Short Sales

B. Going to the Public Auction

C. Contacting Bank Repo’s

III. Evaluating Foreclosed Property

A. Gross Rent Multiplier

B. Income Capitalization

IV. Understanding the Mortgage Market

V. Financing Foreclosed Properties

A. HUD Financing

B. VA Financing

C. Conventional Financing

D. The Short Sale

VI. Contract to Closing

A. Making an offer

B. Choosing the closing agent

VII. Federal Income Taxes