DCU Realty - Foreclosures

View up to 10 foreclosure and vacant properties in town! Our Buyers Bus will shuttle you to foreclosed, vacant and estate sale properties that we have pre-selected and pre-screened. (*These are not DCU's foreclosed properties.)

Save gas! Relax and learn about buying a home from our informative speakers while we shuttle you to the properties.

Each tour starts at 9am or Noon and lasts approximately 2 hours.

Click here to register for an upcoming DCU Realty Foreclosure Express Bus Tour! (The link to our secure ecommerce checkout site will open in a new window.)

Note: Tours in BLUE below are Saturday Foreclosure tours. Sunday tours of Foreclosures may include a few stops at traditional Open Houses if not enough foreclosures on the market at that time.

Winter/Spring 2009 Schedule
Date	Time	Towns in Tour	Departure Location
Sat 2/21/09	9am - 11am	Littleton/Westford MA and surrounding	COMPLETED
Sat 2/28/09	9am - 11am	Nashua NH and surrounding	COMPLETED
Sat 3/07/09	9am - 11 am	Waltham MA and surrounding	COMPLETED
Sat 3/21/09	9am - 11am	Merrimack/Litchfield NH and surrounding	COMPLETED
Sat 4/11/09	9am - 11 am	Tyngsboro MA and surrounding	COMPLETED
Sat 4/18/09	9am - 11am	Hudson NH and surrounding	COMPLETED


Completed Tours
3/15/08		Marlboro area	COMPLETED!!
3/22/08		Westboro area	COMPLETED
3/29/08		Nashua NH area	COMPLETED
4/05/08		Waltham area	COMPLETED
4/12/08		Waltham area	*COMPLETED*
4/19/08		Tyngsboro area	*COMPLETED*
4/26/08		Nashua NH area	*COMPLETED*
5/03/08		Burlington area	*COMPLETED*
5/17/08		Littleton - Westford area	*COMPLETED*
5/31/08		Worcester	DCU Center MassHomeHousing event COMPLETED
6/08/08		Nashua NH	*COMPLETED*
6/14/08		Framingham area	*COMPLETED*
6/29/08		Acton-Stow-Maynard area	*COMPLETED*
7/12/08		Tyngsboro area	*COMPLETED*
10/11/08		Burlington area	*COMPLETED*
10/25/08		Nashua NH	*COMPLETED*
11/15/08	9am - 11am	Waltham MA and surrounding	COMPLETED
11/22/08	9am - 11am	Nashua/Hudson NH and surrounding	*COMPLETED*

3/21/09 TOUR STATUS: **ON**
ALL TOURS RUN "RAIN OR SHINE" EXCEPT FOR SEVERE SITUATIONS. WEATHER CANCELLATIONS WILL BE POSTED BY 7AM DAY OF TOUR.

Properties in several price ranges will be shown.
A list of properties to be shown not available in advance, as new properties may come on the market and others may go off the market at the last minute.
A real estate attorney or licensed agent is on board to answer your questions and explain the process of purchasing a bank foreclosed property.
Free mortgage pre-approvals available after the tour.
DCU Realty agents will be on hand to provide property information and representation should you wish to purchase one of these properties.
No pressure or obligation to purchase any property.
ADULTS ONLY ON THIS BUS TOUR. Due to the unpredictable condition of foreclosed properties, children will NOT be allowed into these properties.
HANDICAP ACCESS NOT GUARANTEED AT ANY PROPERTY.
DCU Members receive a discount; indicate DCU MEMBER at checkout. Your membership will be confirmed.

The cost for the Foreclosure Express Bus Tour is only $20 per person for DCU Members, and $25 per person for non-members.

PLEASE ARRIVE NO LATER THAN 15 MINUTES PRIOR TO DEPARTURE FOR REGISTRATION. BUS DEPARTS ON TIME.

**LATECOMERS WILL NOT BE ALLOWED ON THE TOUR. PLEASE NOTE THAT WE OFTEN HAVE STAND-BY PASSENGERS, AND YOUR SEAT WILL BE GIVEN UP TO A STAND-BY PASSENGER IF YOU DO NOT CHECK IN 15 MINUTES BEFORE DEPARTURE. NO REFUNDS FOR NO-SHOWS OR LATECOMERS. **

Click here to register for an upcoming DCU Realty Foreclosure Express Bus Tour! (The link to our secure ecommerce checkout site will open in a new window.)

For locations and directions to the tour start locations at DCU branches, click here.

Bus Tour FAQs

Q: Will this tour be looking at homes being foreclosed on? What about the home owners?

A: All the properties on the tour are already owned by the banks. The properties were foreclosed on some time ago and they are vacant. Occassionally we may include a tour of a vacant home that is not bank-owned, but perhaps owned by a seller who has relocated, if the home offers an exceptional value in our opinion.

Q: Were these properties foreclosed on by DCU?

A: The vast majority of the properties we show on the bus tour are owned by OTHER banks and lenders who foreclosed upon them. DCU has a very small number of bank-owned properties at any one time. If there is one in the market area of the bus tour, we may include it. But by and large, expect to see properties owned by other lenders.

Q: Can anyone go on the Foreclosure Bus Tour?

A: Yes. Members of Digital Federal Credit Union receive a discount, but anyone can go on the bus tour. We do request that you bring along a copy of your Pre-Approval letter from a lender, in case you see a great deal and want to put in an offer. If you do not yet have a pre-approval, mortgage reps will be available before and after the tour to provide you with a free mortgage pre-approval.

Q: Are Buyer Agents available to help us write purchase offers?

A: Yes! DCU Realty buyer agents will be on board to help you evaluate the properties, and write an offer if you find one you'd like to buy. There are no high-pressure sales tactics, though. However, every rider on the bus will be required to sign a form that authorizes DCU Realty to submit any offers for you on the properties we show on the tour.

Q: Why are you doing these foreclosure tours?

A: It is not our intention to make light of the emotional and financial hardships the prior property owners experienced. However, there are so many of these bank-owned properties for sale that they are dragging down the values of neighboring properties, the ability to obtain mortgage, consumer and business credit, and the soundness of our entire financial system. That affects everyone, not just those who were foreclosed upon.

After viewing dozens of these properties owned by other banks that, although some homes were lost by innocent people caught in a financial hardship, a significant percentage of the foreclosures had been owned by investors trying to flip them for a quick profit. Regardless of the circumstances of each property, the national housing crisis will not end until these properties become owned by people again, turning the vacant shells into homes and allowing a return to a more normal marketplace.

Because DCU cares about our members' financial well-being, we have had an extremely low rate of foreclosures, unlike the larger and sub-prime lenders that have gained notoriety in the news of late.

We weren't part of the problem, yet perhaps we can play a small part in the resolution through our efforts to help more members become homeowners.

Our Foreclosure Bus Tours are like rolling home-buying seminars, with an emphasis on the specifics of considering and purchasing a foreclosed property.

And DCU hopes that, whether buying bank-owned or private-owned properties, the financial-management education our members receive on the bus tours and at our seminars may help these new buyers avoid the fates of the prior property owners.

Q: What do I need to bring on the tour?

A: The condition of foreclosed properties varies. Some will be in "move-in condition," while others may have no electricity, heat or running water. It is advised that you bring comfortable shoes that you can slip off when entering a nice property, a flashlight and a camera.

Q: How do I sign up for the next tour?

A: Click here to register for an upcoming DCU Realty Foreclosure Express Bus Tour! (The link to our secure ecommerce checkout site will open in a new window.)