To a growing number of people, foreclosures represent a failure to achieve the American dream. But to another group, also growing in number, these same foreclosures represent investment opportunities that pay higher returns than these individuals could ever hope to see from their stock portfolios. When it comes to foreclosures, one man's money pit is another man's money hit. The Complete Idiot's Guide to Buying Foreclosuresteaches readers how to find and finance those foreclosed and soon-to-be foreclosed residential properties with the highest potential return. Covering both bank-owned (REO) and government-owned properties, the book focuses on helping buyers distinguish between good investment properties and those plagued with liens and other pitfalls.