RE/MAX Agent Coordinates Nationwide Free Foreclosure Tours; First Chicago Real Estate Tour Is Feb. 28

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Foreclosed homes are a challenge for the American economy but offer outstanding opportunities for those seeking a home of their own or an investment property. A Chicago real estate agent is coordinating free foreclosures tours across the country to help the public take advantage of these excellent investment opportunities. The first tour of 2009 debuts in the Chicago real estate market in late February.

The idea of our tours, whether by bus or car, is to give those interested in buying a foreclosure the opportunity to see what these properties are like and to get their questions answered about the buying process. It's not possible to look at all the available foreclosure properties in the downtown area in a few hours, but the tour will serve as a good introduction

American Foreclosure Tours was created last year by RE/MAX agent Matthew McCarthy, who is affiliated with RE/MAX of Barrington in Barrington, Ill. He began offering foreclosure tours of Illinois real estate last spring in the Chicago suburbs. Since then he has built a national network of affiliated RE/MAX agents experienced in handling foreclosures in 60 cities and all 50 states. All tours are organized and hosted by RE/MAX agents and offices, but not all involve a bus. In fact, most often interested buyers go out individually with one of the affiliated RE/MAX agents.

Utilizing more than 120 Web sites, each devoted to marketing foreclosed homes in a specific geographic area, McCarthy's network now serves about 700 new customers each month, helping them decide if buying a foreclosure fits their needs and, if the answer is yes, working with them to find the right one.

"The idea of our tours, whether by bus or car, is to give those interested in buying a foreclosure the opportunity to see what these properties are like and to get their questions answered about the buying process. It's not possible to look at all the available foreclosure properties in the downtown area in a few hours, but the tour will serve as a good introduction," said McCarthy, who created American Foreclosure Tours.

Foreclosed homes are a challenge for the American economy but offer outstanding opportunities for those seeking a home of their own or an investment property.

The first foreclosure tour of 2009 in the Chicago area will be on Feb. 28 from 10 a.m. to 1 p.m. The free tour (reservations required) will depart from the RE/MAX Vision office at 350 W. Ontario St. in Chicago's River North area and will visit six to eight foreclosure properties, as time allows.

For additional information about the Feb. 28 tour, go to http://www.ChicagoDowntownForeclosureTours.com or http://www.ChicagoForeclosureTours.com.

McCarthy plans to offer one foreclosure bus tour a month in the Chicago area during the coming nine months, but interested buyers in Chicago real estate or other markets served by http://www.AmericanForeclosureTours.com easily can arrange for private showings of foreclosed homes.

RE/MAX is the leader in northern Illinois real estate sales and has been number one in the metropolitan Chicago real estate market since 1989. In 2008, the RE/MAX network in northern Illinois closed nearly $8 billion in sales.

The RE/MAX Northern Illinois network consists of 3,000 associates and 145 individually owned and operated RE/MAX offices that provide residential, relocation and commercial real estate services throughout the northern one-third of Illinois. The network's Web sites, http://www.illinoisproperty.com and http://www.remax.com, are outstanding resources for buyers and sellers. RE/MAX Northern Illinois is part of RE/MAX International, a global real estate organization with 7,000 independently owned offices and 100,000 member sales associates in 73 countries.

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