Complete Idiot's Guide to Buying Foreclosures

Find the sound investments among the foreclosures. Covering both bank-owned and government-owned properties, this book focuses on helping buyers distinguish between good foreclosure investments and those plagued with liens and other pitfalls. Readers will learn about the benefits of buying foreclosures; foreclosure timeline and process; the different types of foreclosures; finding pre- foreclosed properties; important pre-purchase pitfalls; buying at an auction; and more. The national residential foreclosure rate rose to from 1 to 1.23% (of all mortgages) by the end of 2003the biggest jump in 30 years Foreclosures are expected to increase as interest rates rise and monthly payments on short-term variable rate and interest-only loans begin to follow ("Realty Times")Beitler, Todd is the author of 'Complete Idiot's Guide to Buying Foreclosures', published 2005 under ISBN 9781592573950 and ISBN 1592573959.