Preliminary

Chapter one illustrates this book, industry affiliations, target audience, main objective and author statements (partial autobiography). They show the ideas of the preliminary actions.

Introduction of the Book

Real Estate Transactions & Foreclosure Control book emphasizes the need for adequate knowledge and skills before involving oneself in a real estate transaction. Continuing, it provides significant information about home buying, selling and foreclosure that everyone needs to know and understand, especially those engaging in the real estate industry. Real estate professionals, non real-estate professionals (buyers and sellers) and new-arrivals in the industry will benefit from the evidence and advice in the book.

The Industry Affiliations

Research shows that Real Estate is the most significant industries in any society. As presented with a figure, real estate has affiliations with many other organizations. It also entertains a wide scope of assistance in the employment systems. Many employment opportunities develop from the network in the real estate industry and its affiliated entities. This is one reason why the industry has immeasurable influence on the economy of a country or any other society. Unfortunately, whenever the real estate industry of the country takes a downward turn, the economy of that country yields a similar lower turn.

The Target Audience

The target population for this study is anyone who benefits or wishes to benefit in any way or manner from the real estate industry. The contents of this book reflect what everyone needs to know about real estate transactions such as, real estate negotiations and foreclosures with repossessions. Research shows that, globally, most people live in homes or houses. Homes can be built with grass, leaves, mud, cement, bricks, metals, woods, stones and other materials. Nevertheless, each style when built is recognized as a home or shelter where people reside. If the concept of a home is held constant and since shelter is regarded as a primary need, it can be said that everyone lives in a home or is looking for a home to move in. In this case, everyone is a potential home buyer or home renter. It is easy to detect the role of real estate sellers, especially the Realtors. However, some of the most important actors in the industry are home buyers and home owners. Therefore, home buyers and home owners are the core and target audience of this book.

Main Objectives

Although, one purpose of writing this book is to help anyone who works in the real estate industry, the main objective is to assist, guide, educate and direct home buyers and owners as they profoundly keep the real estate industry flourishing and successful. Hence, this target population needs to know and understand the essential plans and actions needed before, during and after engaging in the purchase of any real estate property. Research shows that the costliest investments with most families are purchases of their homes. Thus, the main objective of this study is to structure the contents of this book in a way to offer home buyers and owners enough knowledge, skills and abilities to successfully handle their home purchases, home maintenances and home mortgages.

Author Statements

The author of this book is Dr. Frank M. Igah, Sr. I earned BS, MBA and Ph. D. degrees from universities in Dayton and Cincinnati, Ohio. My study of Finance with a focus in Real Estate is accomplished to a doctoral degree level. I have practiced as a Public Financial Analyst for more than thirty years and have been rewarded in many ways. I serve as a financial consultant to real estate professionals and buyers in different ways. I provide guidance and directions on how, what, when and where to make home purchases, sales, evaluations and negotiations before and after making real estate transactions. I write short-sale analyses that assist people to buy or sell homes with better contracts. My practice has lead me to participate in diverse and potent real estate transactions and meetings. The writing of short–sale documents and analyses have exposed me to many real estate lenders with whom I have held multiple meetings while exchanging skills and techniques. Further, I am a Licensed and Certified Mortgage Loan Officer. These credentials lead me to engage with businesses and other multiple lending institutions in multiple ways. The resulting factors are successful processing and making of mortgage loans. My public practices have assisted me in acquiring resilient skills, abilities, interests and experiences in the real estate transactions. Therefore, all these attributes, coupled with working as a certified mortgage loan officer and serving as professor in colleges afford me the unique qualifications to write a book of this nature.

Disclamation

Reading, understanding this book, Real Estate Transactions, Foreclosure Control, provides interesting, helpful and rewarding characteristics. However, the text does not cover all of the activities in the Real Estate industry. Like any other book, no reader should depend on it entirely. Therefore, buyers and sellers need to acquire other helpful knowledge through consultations and research whenever possible. For instance, this book does not comment on real estate bids and bidding practices. Furthermore, it does not comment on the serious side effects of real estate taxes nor does it contain vivid accounts of many performances of real estate companies. Also, the wrong calculations of Annual Percentage Rate (APR) and its negative as well as other influences on real estate mortgage financing, are not discussed in the book. However, if the readers of this book adopt and follow the contents carefully, they will achieve results that will help them save thousands of dollars and significantly minimize stress related issues, during their real estate transactions. Finally, I wish good luck to all my readers, buyers, sellers and other professionals in their real estate activities.

Affiliated Disciplines

It is significant to know that the mastery of real estate field requires a well informed knowledge to the real estate disciplines. When conducting an important research, it is necessary to examine all related issues which are significant to the works. Unfortunately, many home buyers do not have the essential knowledge in some of the needed fields related to the real estate industry. This is a reason why buyers need all the assistance they can receive, especially, since they must conform to the requirements of owning long-term...