New book tackles real estate foreclosure buying

Case studies make for great reading
Published on Sep 20, 2005

Don't be misled by the first few chapters of "The Complete Idiot's Guide to Buying Foreclosures" by Bobbi Dempsey and Todd Beitler. The early chapters explain the foreclosure basics and are downright dull. But about the fifth chapter, the pace picks up, the authors become less formal, and the book gathers momentum. Having written many times about foreclosure pros and cons, I understand it is a difficult topic because the state laws are inconsistent. The authors must explain the foreclosure basics without getting bogged down in unusual state foreclosure laws. Purchase Bob Bruss reports online. Overall, Dempsey and Beitler do a credible job of slogging through the fundamentals. Gradually, they start sharing examples of their own as well as from foreclosure specialists around the nation. Those examples make the book especially practical. To illustrate, especially useful is the eviction scenario told by Ward Hanigan, a California buyer of more than 300 foreclosures, who explains how he...