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Foreclosure properties are one of today s hottest investments and one of the quickest, easiest ways to turn a profit in real estate. "Quick Cash in Foreclosures shows you how to profit from foreclosures without having to qualify for a loan, battle the hordes at foreclosure auctions, pay exorbitant repair and resale costs, and, most importantly, without risking your savings! All you have to do is apply the authors proven system, a step-by-step approach to finding great foreclosure properties, purchasing the seller s equity for pennies on the dollar, and then selling the contract to another investor for quick cash. With this straightforward, practical guide, you too can profit quickly and handsomely from a foreclosed property.

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Payday loan - A payday loan or cash advance is a small, short-term loan (typically up to $500) without a credit check that is intended to bridge the borrower's cashflow gap between pay days. Note, however, that the term cash advance can also mean cash provided against a prearranged line of credit such as a credit card.

Equity loan - An equity loan is a mortgage placed on real estate in exchange for cash to the borrower. For example, if a person owns a home worth $100,000, but does not currently have a lien on it, they may take an equity loan at 80% loan to value (LVR) or $80,000 in cash in exchange for a lien on title placed by the lender of the equity loan.

Loan sale - A loan sale is a sale, often by a bank, under contract of all or part of the cash stream from a specific loan, thereby removing the loan from the bank's balance sheet.

Cash and cash equivalents - Cash and cash equivalents are the most liquid asset found within the asset portion of a company's balance sheet. Cash "equivalents" are typically comprised of assets that are readily convertible into cash such as money market accounts, short-term government bonds and commercial paper.

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