The 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 2003?the 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 )