Bus Tours Show Properties in Foreclosure

[katty]

more: http://www.breitbart.com/article.php?id=D8VL9M180&show_article=1

Bus Tours Show Properties in Foreclosure

Mar 26 02:47 PM US/Eastern
By ADRIAN SAINZ
AP Business Writer 8 Comments

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ORLANDO, Fla. (AP) - The white bus rumbles into the quiet suburban neighborhood, heading toward a foreclosed home that sits empty. Neighbors, young and old, cock their heads in curiosity or point at the slow-moving coach.
Once the vehicle stops, about 20 potential buyers file out and become detectives, opening and closing cabinets and drawers, knocking on walls and asking about the price, the previous owners and what repairs may be needed.

Welcome to the Foreclosure Bus Tour, a six-hour expedition to show Orlando-area homes and educate potential buyers on the vagaries of snatching foreclosures in a state where the housing market has struggled over the past two years. Real estate agents have also organized tours in California, where the idea seems to have originated, and cities such as Phoenix, Detroit, Kansas City and Jacksonville.

[Systematic Chaos]

1. There are tons of these tours going on in Vegas right now.

I've seen a few huge coach buses, slathered in real estate company logos, web addresses and phone numbers, cruising around town.

I've also seen informercials for house auctions where 4 bed, 3 bath homes in nice areas are up with starting bids barely over $200k.

Desperate times, indeed....

[katty]

2. lordy, yes, on my sunday LA Times, there was a sticker

slapped onto the 'masthead' with 1000 homes for 'auction'/foreclosures!