The Complete Idiots Guide to Buying Foreclosures


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The Complete Idiot's Guide to Buying Foreclosures The author does a good job of communicating both public and private foreclosure opportunities, which is important in many states.
The author focuses primarily on 'investing in foreclosures' vs. 'buying a foreclosure for your primary residence.'

This invaluable guide explains everything readers need to know about finding and financing foreclosed and soon-to-be foreclosed residential properties with the highest potential return. Completely updated, this new edition reflects recent changes in the way banks and the government dispose of foreclosed properties, covers new laws, and advises how to steer clear of scams.
• First edition sold more than 30,000 copies in a year and a half
• The national residential foreclosure rate rose to from .75% to 1.16% (of all mortgages) by the end of 2006—the biggest jump in 30 years
• Foreclosures are expected to continue to increase as interest rates rise and monthly payments on short-term variable rate and interest-only loans make homes unaffordable


About the Author
Todd Beitler is a foreclosure expert, guest lecturer, and industry consultant who’s been quoted in The New York Times, The Miami Herald, and other publications. He’s also the founder of The Real Estate Library, a publishing company that provides real estate information to homebuyers and investors.
Bobbi Dempsey has written several books, including The Pocket Idiot’s Guide™ to Home Inspections, and writes for numerous magazines, including Family Circle, Good Housekeeping, Child, and more

4.0 out of 5 stars Provides good information for getting started, November 6, 2006 M. C. OCONNOR (Fremont, CA USA)
 

This review is from: The Complete Idiot's Guide to Buying Foreclosures (Paperback)

Provides a large amount of information in a concise but easy-to-read format. Considering all of the nuances of buying foreclosures, from the legal considerations to the occupation stage, the author does a good job of capturing and conveying the essentials. The author also does a good job of communicating both public and private foreclosure opportunities, which is important in many states.
The author focuses primarily on 'investing in foreclosures' vs. 'buying a foreclosure for your primary residence.' Consider this when comparing to other books.
Could have used more specific information on where to look for foreclosure opportunities, but the book does mention that actively searching and networking is a key to the game.
Overall, a good, easy read with valuable information for anyone wishing to enhance their real estate expertise.

 

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