Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Suggested Intro: Are you looking for a bus load of real estate bargains? Then maybe you should go on a tour where other people’s losses are your gains. Bankrate.com gives you a front-row seat to a new trend: the foreclosure tour.
Voice over 1: It wasn’t long ago that happy Realtors were driving bus loads of speculators to houses and condos that weren’t even built yet, where they’d shell out a down payment, then hope to flip the property within weeks for a quick profit. But now the wheel has turned completely: welcome to the foreclosure tour.
SOT: “There’s so much excitement now about foreclosures that we have actually put out some advertising and we actually have people that are coming on a bus to look at foreclosure properties.”
Voice over 2: These people are essentially attempting to capitalize on other’s misfortunes…but they’re not losing sleep over it.
SOT: “I feel sorry for the people who lost the house, but their loss is my gain.”
Voice over 3: Some buyers have already bought one and are looking for more.
SOT: “It started at about $300,000. I offered about 249 and we started to negotiate and we finally locked in at about 255.”
Voice over 4: But before you start scouring your neighborhood, remember: just because it’s a foreclosure doesn’t make it a bargain. A foreclosure is just a house being sold by a bank instead of a family… and it’s often in rougher condition.
SOT: “If the buyer is prepared to fix it up themselves, then they can come in and that would give them the opportunity to buy the house for lower.”
Standup: You’ll find foreclosure tours in places like Las Vegas, Phoenix and Miami: the same cities where a few years ago speculation was through the roof…and now prices are in the basement. For bankrate.com, I’m Kristin Arnold.
Share