Foreclosure Bus Tours has shuttled investors around Detroit, Fort Lauderdale, Fla., and Boston, and it has tours planned in Dallas and Houston as well as Maryland and Connecticut. For $97, investors get lunch and check out several foreclosure properties. Usually, a local real-estate agent and mortgage broker is on the bus to get deals going.
Hop on: Foreclosure Bus Tours,By: Diane Tuman, Content Manager | April 1, 2008 | Comments Section
“Hi Diane, I actually have a post up today on our corporate blog on this very topic. I am not sure that it isn’t a good idea. Reading a few articles and viewing video footage, it appears that some of the members of the foreclosure company are trying to educate buyers and investors on the foreclosures. I strongly recommend that anyone interested in the foreclosure market should still get the advice of a licensed real estate agent. This being said, there are many markets where foreclosures are a problem, and a big one. These properties need to be moved and sold, not only for the banks, but the surrounding neighbors who still own their homes to help protect their property value and safety against vandalism and drug houses. If these tours can move foreclosed houses than I say, “Driver, move that bus”.” -Rebecca Levinson on April 1, 2008 8:03 am
Foreclosure property tours catch on across the country
Agents offer wheels, deals, meals to bargain-hungry buyers
By Glenn Roberts Jr., Wednesday, March 12, 2008. Inman News
Busloads of home buyers are hopping aboard the foreclosure bandwagon in search of bargains, and real estate agents and brokers are supplying the wheels and deals in markets across the country.
Bus tours visit foreclosed homes
Prospective buyers check out homes in Gaithersburg and Montgomery Village, April 16, 2008 by Meghan Tierney | Staff Writer, The Montgomery Gazette
Would-be homeowners convened in Gaithersburg and Montgomery Village on Saturday to turn mortgage-crisis lemons into lemonade as part of the county’s first foreclosure bus tour, a new trend rolling out around the country.
NBC12, April 2008
