Foreclosure Sales, Cheap Houses Becoming Florida Attractions

by cassy82 | January 4, 2010 at 09:57 am

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Foreclosure sales, cheap houses in Florida are turning into tourist attractions as enterprising real estate agents use tourist buses to show off cheap but still good foreclosures around the state. Cape Coral and Fort Myers in Lee County are among the cities in the state with large numbers of foreclosures.

Foreclosure sales, cheap houses in Florida are turning into tourist attractions as innovative real estate brokers use tourist buses to take prospective home buyers and journalists around cheap foreclosure houses.

Brokers are showing higher-priced homes that are now being sold off at almost one-fourth of their previous price levels. One example is a palm-tree-lined waterfront stucco house which was bought at $850,000 in 2005 and now being sold off at only $273,000.

Large houses with granite countertops, swimming pools and jacuzzis are being shown off as specimens of the housing meltdown and the resulting foreclosure crisis.

By Cassiano Travareli