A New Foreclosure TV Show!

May 28, 2008 RSS Feed Print

No matter what you think about the controversial housing legislation moving through Congress, at least we can all agree there just hasn’t been enough TV coverage of the nation's foreclosure epidemic.

So, for all of you begging for a closer look at a process that's now shattering communities, gutting home values, and threatening to drag the entire country into a recession, meet real estate agent Tom Bruzzesi, the star of The Foreclosure Shoppe—a new realty/reality TV show focusing on Florida's treacherous real estate market.

From the press release, via Inman Blog:

In each episode of "The Foreclosure Shoppe," camera crews follow Tom on a typical wild and crazy day at the office. Tom (affectionately nicknamed "The Maniac" by his peers) confesses that he is a master at frustrating people. "I know how to get underneath their skin and throw off their bidding strategies," Tom admits. From irritating bidders at the courthouse, to walking through his purchased properties for the first time, to evicting tenants that won't leave, to picking up his large paychecks, viewers get an inside pass to witness Tom navigating through the messy foreclosure process.

Bruzzesi's qualifications for the role include the "huge, visible scars on his head"—which he got from a near-fatal childhood accident and lackluster medical treatment—and his subsequent transformation into a schoolyard tough in order to defend himself from being picked on. (Surprise! He’s from New Jersey.) "I had to be the toughest kid in the grade because I was always getting picked on for the way I looked," he says.

(FYI, anyone who brings up "huge, visible scars" in his or her press materials immediately becomes a Home Front Favorite. Look forward to working with you, Tom.)

Since that time, he moved to Florida and, according to the press release, became one heck of a real estate professional.

In the past 5 years, Tom purchased over 300 foreclosed properties and sold 90% of them to date. So far in 2008, he has already purchased 21 foreclosed properties and he's just getting started.

Even better, the company producing the masterpiece, InTroubleZone Productions—don't pretend you haven't seen V8 Muscle Bikes—is now pitching the show to big-time TV networks around the country. So get your TiVo cued up.

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I apologize... It was the THIRD month... Typing on my phone - Please forgive any other typos or mis-corrected "corrections" you may find.

Thank you

shirley of OH 11:52PM August 01, 2011

Illinois Reogroup, you are wrong. Our home went into foreclosure on the first day of the thrift month of delinquency. Just want all of you who would watch this show (and/or others like it) how the other side feels. I lost a significant amount of income beginning in June of last year. Because we were unable to pay a full three months' mortgage (ie; $6,000.00) on that one day, we were entered into a foreclosure. We have fought long and hard to keep our home for our three children. The really bad part? All of these lecherous vultures start calling you, coming and taking pictures IN FRONT OF YOUR CHILDREN of your home, advertising it online, etc. It is unbelievable the amount of privacy these people steal from you and your family simply to make money. Maybe, if I was the kind of person who could capitalize on the pain and suffering of others, I wouldn't have to fight. But I (we) will. You will not get our family's home.

I hope you will all think that each person who has an item featured or shown on this show has a story. They are people - with lives, families, friends... The same things you have in your home. And then pray... Please pray for the people who have lost and for the people who capitalize on their loss. And then please pray that God will forgive us our greed.

shirley of OH 11:39PM August 01, 2011

People bought these homes for inflated amounts with little to no money down. Then fixes them up, and resells them.

Sounds like a fair deal.

Also, you have to be over 6 months behind on your mortgage before you are even in risk of foreclosure.

Finally, the redemption period allows the home owner a period to recapture their foreclosed property. They must pay in full, the total amount due including all penalties, fees, interest, and late charges.

Only a minute (less than 0.001%)* of people who have been foreclosed on every recapture their property.

*this is from personal experience working for the largest foreclosure brokerage in Illinois.

IllinoisReoGroup.com

Matthew Zivkovic of IL 2:57PM August 16, 2008

The Home Front

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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