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Foreclosure Express A Big Draw For House Hunters | News

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Foreclosure Express A Big Draw For House Hunters

Las Vegas has become a Mecca for foreclosed homes and real estate agents along with banks are doing whatever they can to sell them to potential homebuyers -- like the Foreclosure Express.

Riders look at homes with prices ranging from $100,000 to $300,000. The homes were all in great shape, despite the misconception foreclosed homes are trashed.

The Realtors who run Foreclosure Express say this is the perfect way to get folks familiar with what's out there on the market. You'll find prices are reduced as much as 60-percent, and that's great news for those looking to buy.

"I have been coming out here since 2001 and right now these homes are a really good value the cost price ratio terrific," said passenger Tony Patire.

"They put together a great plan -- four houses we've seen in are great shape. Prices are definitely in ballpark of what we're looking at," said Byron Irvy.

Foreclosure Express runs about every week. The owners wait until they get a full list of interested people and then they pick an area in the valley where they typically show eight to 10 homes. 75-percent of homes sold in the Valley are foreclosed homes.

Barbara and Marshall Zucker, who run Foreclosure Express, are real estate agents, so if you get on the bus and see a home you like, you can put in a bid with them.

"It's an advantage to buyer in today's market to buy as much as 60-percent off value of home at the height of the market," said Barbara.

Foreclosure Express usually runs on Saturdays. People get to walk around and see up to 10 homes during the tour. You can give them a call at 823-8230.


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