DEAR BOB: I am interested in your suggestion not to bid at foreclosure sale auctions but to instead contact the foreclosing lender immediately after an unsuccessful auction. What are the advantages of this strategy, rather than bidding at the public foreclosure sale? --Adrienne P.

DEAR ADRIENNE: You are obviously very intelligent.  more...

Although appraisers use three basic "approaches" to arrive at their professional appraisal of a property's market value, not all methods are appropriate for each property. But in some situations, all three approaches are used.

Here is a look at the most common methodology used by appraisers:  more...