Thursday, April 3, 2008

Foreclosure Tours

The Washington Post is reporting there is a new phenomenon in the DC suburbs as real estate agents are taking potential buyers and investors to foreclosed houses in the area. The trend seems to be spreading as more and more communities are not becoming part of real estate tour path.

Excerpt from the article:

"It's unfortunate that foreclosures have happened, but they can't be reversed," said Alex Bogenn, a real estate agent and Pat's husband. "By filling the empty houses, we're ensuring the integrity of the neighborhood, and it's bringing money back into our economy."

While these tours can be great way to move foreclosed properties and avoid possible blight as can be seen in the Charlotte suburbs, there seems to be too much enjoyment in cashing in on the misfortune of others.

What is your opinion?

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