Foreclosure Limo Tours..

Sub-prime mortgages, that is, loans to homeowners with less-than-sterling credit rating, helped boost US homeownership to a record 69 percent of households. However, sub-prime lenders foreclose on properties much more frequently than do conventional lenders, due to borrowers defaulting on their loans.

Limos are hired for all occasions; happy events, such as weddings and sad events, such as funerals. The sub-prime crisis has produced a mixture of sad and happy events. For borrowers who have defaulted on their loans, and are about to lose their homes, it is obviously a sad event. For buyers, the forced foreclosure sale of these properties presents a chance to buy real estate at a bargain basement price a happy event.

Cadilac Escalade Limo Limo Interior Black Hummer Limo
Pink Hummer Limo Limo Interior Chysler Limo

In order to showcase more properties in the current US property market, realtors have seized on the idea of taking groups around to several locations in a luxury hired limo. First-time homebuyers and investors are the target audience for a morning that starts off with coffee, pastries and a brief seminar on the market with a lender and title company repetitive. It is hoped that a tour in a super-stretch limousine of bank-foreclosed properties will help to smooth out what has been a bumpy real-estate market ride in recent months

Several US real estate businesses are offering the tours. The realtors claim that the tour is a chance for prospective buyers to get educated about foreclosed properties, see a few examples in the course of a Saturday morning, and have a fun experience, while taking care of business. It is thought that by taking a different approach in a different market and trying to make it light, fun and festive, the prevalent focus on the gloom and doom will disappear.

If you want to go shopping or go on a property search in your own area and are thinking about hiring a limo, contact Hire Limos.