Tuesday, March 11, 2008

Foreclosure Bus Tour Gives Homebuyers a Different View of Shaky Real Estate Market

The half-day tour includes stops at eight or nine homes reclaimed by banks during the recent wave of North Texas foreclosures. The homes range from extreme fixer-uppers to spotless new abodes with granite countertops and media rooms.

"It gives you a different perception of the foreclosures," Demetria Newkirk, a Carrollton city employee, said Saturday after viewing an elegant two-story North Dallas home recently marked down from $1.1 million to $795,000.

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