March 10, 2010
Local realtors launch foreclosure bus tours
(KMOV)- Two St. Charles realtors are trying a new approach to sell foreclosed homes in a down real estate market. They are launching foreclosure bus tours after seeing it used successfully in other big cities.
It’s not a surprise that Chicago is seeing the number of foreclosures on the rise. What is a surprise is the rate at which they are increasing. Second quarter comparative data was release yesterday: Illinois’ foreclosure rate ranked it No. 10 in the country, with one foreclosure for every 193 households in the state. That marked a 16 percent increase from the previous quarter and a 58
FORECLOSURE: Trust turned into pain for Fla. homeowners
Mary Ella Savage sat down at her dining room table one December day and sold her St. Petersburg, Fla., home to a stranger for the price of a movie ticket.
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