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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (122186)5/11/2008 3:17:01 PM
From: GSTRespond to of 306849
 
Japan is a creditor nation -- not a debtor nation like the US. The miracle of Japan is that they have been so successful at keeping their currency from soaring -- that is getting harder and harder to do.



To: SouthFloridaGuy who wrote (122186)5/21/2008 7:02:09 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
Lonnnnnnnng Island...Take a ride on the short line, bring monopoly money...
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Tours take buyers to foreclosed Long Island homes

reuters.com

NEW YORK (Reuters) - As foreclosed properties stack up in up-market areas of Long Island, New York, one company is capitalizing by taking potential buyers around the empty homes.

Foreclosure tours have sprung up around the United States as more overextended borrowers fail to make monthly payments.

U.S. home foreclosure filings jumped 23 percent in the first quarter from the prior quarter, according to real estate data firm RealtyTrac.

One way to sell properties is to make life easier for potential buyers by ferrying them around in a tour bus. That's hard for people who had properties foreclosed, David Farrell, director of tourism of the Long Island Foreclosure Tours told Reuters TV, but banks need to get the assets off their books.