Home » Auctions

To Bus or not to Bus

by Anthony Longo on 19 Feb 2008
4 Comments Share

Bus Tour for Bank Owned Properties and Foreclosures

… In yesterday’s downpour, a dozen bargain hunters boarded a shuttle to inspect deals to be had as financial companies are repossessing a record number of homes from owners who can no longer afford their mortgages. On a three-hour tour of five houses in Stoughton and Easton, they tromped across hardwood floors, inspected kitchens devoid of appliances, and marveled at clutter left behind by homeowners who fled in haste – or disgust.

But all saw what they came for: opportunities to snare a house in a quiet suburban neighborhood for about $300,000, or less.

“We could do a tour every day,” said real estate agent Coleen Polillio, who organized the bus tour with co-worker Marlene Wasserstein. Polillio said people have already signed up for the next tour, in March, possibly in nearby Randolph. Continued…

Source: Boston Globe

Full Disclosure: I believe they just stick you on one of those small van type buses … not the Bustonian – which would make for a much more fun time!



4 Responses to “To Bus or not to Bus”

  1. I keep hearing that Gilligans Island show song.

    A three hour tour!
    The weather started getting rough the tiny bus was lost if not for the courage of the fearless crew the SS.ARM bus would be lost. HAHA!

    I heard they are doing bus tours in alot of communities. I think this is a creative way of showing the volumne of these types of properties to people.

  2. LOL! I love the Gilligan song remake.

    This can actually be good for the banks as numerous people will be interested in a property and the price may go higher than listed.

  3. Looks like a disco club inside is there a disco ball to. Kinda like that show “Cash Cab”.

    Still a great way to show many people the foreclosures available.

  4. The tour’s are conducted on “non-exciting” buses. I just thought I would through the all famous Bustonian. After all when you think Bus in Boston…you got to think of the Bustonian.