‘Out of touch’ with foreclosures

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Andrew J. McLean, author of "Making Money in Foreclosures, Second Edition," has written 17 real estate books over many years. He has been a real estate developer, appraiser, sales agent and property manager. Unfortunately, his latest book greatly disappoints because it is superficial, incomplete and unrealistic. For example, when he explains how to buy at the foreclosure auction, he says, "Avoid foreclosures where you're unable to inspect the interior of the premises because it's inaccessible." That's good advice. But he completely neglects to explain how prospective bidders can gain access to a mortgage default property before the foreclosure sale. Purchase Bob Bruss reports online. Most homeowners who are about to lose their residences at foreclosure sales aren't friendly to prospective foreclosure sale bidders. Some of the information in what should have been an outstanding book is downright wrong. To illustrate, on foreclosure sale buyers, McLean says, "The bidder must then ho...