Foreclosure Business: Quick Cash Flows In At Foreclosure Seminars

September 17th, 2007

Seminars on finding out profits from foreclosures are bringing in money. Three-day workshops teach such techniques. Seminars are held across the country. These are well-publicized events inviting people to hear how the course author Ann Goldschmidt made it in terms of dollars. These type of workshops promising quick cash always crop up in regular order following the cycle of bust or boom in the real estate market.

James Gripshover of San Diego has pocketed a tidy sum after having graduated from such an illuminating course. A job loss and bankruptcy made him take up investing in real estate business from 1997. He is no real estate license holder and yet he is a speaker at such seminars not failing to add of course that serious investors would have to put in serious effort.

Those who completed the course would be termed as foreclosure specialists – a designation not given recognition by the Californian state. These seminars are conducted by National Foreclosure Institute acting in conjunction with a Telligenix – a firm that markets similar courses. The instructors are supposed to be active investors in foreclosures. These fee-based programmes are part of a bigger educative operation trying to bring awareness to the people. But most of them do not meet up to the standards required for formal accreditation.

Among the various topics discussed are locating foreclosures, negotiating agreements, identifying investors, marketing skills, making contracts and finalizing sales. Some of the participants are skeptical whether the $3,000 fee would pay off on the practical field. Theoretically the lectures were very informative. Some of those who had joined were just idling around after having reset their own troubles and wishing to learn more about various options. The course showed strategies that could be worked out by distressed borrowers in a positive manner by making a small profit out of the mess. After the 24 hours of listening some have said that investing in foreclosures is not exactly their cup of tea.

Ralph Robert says that all the stuff discussed in seminars is available in the book he has authored. “Protect Yourself from Real Estate and Mortgage Fraud” is readily available at bookstores costing $100. Robert has attended such a course and is cynical about the whole show. If it were that easy then why instead of conducting the seminars the organizers not doing the work themselves.

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