Would you believe I still attend foreclosure seminars.
In fact, I just went to one that was conducted by American Foreclosures on Sunday, May 2, 2010.
The founder, Craig Laube, discussed how he came about with the idea of the company.
He gave a timeline about his being a struggling realtor, who then learned how to get the lis pendens from the courthouse in Trenton NJ.
He then started selling the lists to other realtors and the snowball basically grew from there.
He now owns websites that give you a list of foreclosures in your town, Americanforeclosures.com as well as a couple of lis pendens sites, NJlispendens.com, NYlispendens.com and Phillylispendens.com.
For a membership fee, you will have access to updated pre-foreclosure lists in NY, NJ and Philly.
They seminar basically informed you about foreclosures, preforeclosures, and shortsales.
There were different specialists for each criteria, including their own title company, Sheriff Sale Auctions specialists and more.
My purpose for going was not only to learn a little more if possible, but also to network. Unfortunately, I was only able to stay for an hour and a half and it ran from 10:00am – 5:00pm. I didn’t get there until 12:30pm and left around 2:00pm.
However, there weren’t many people there. I thought the seminar would be packed, but it was like maybe…
…15 people there that were not part of the organizers so I was a little disappointed.
It didn’t make matters any better that I had to go get my daughter but it is what it is.
They were selling a packet, but never gave the price. I guess you had to go to the desk where the packets were to get the price even though he gave you a whole run down of what was in it and what it was worth on a slide show.
They were also pushing a course that was given by the short sale specialist, but I didn’t stay long enough to hear about that.
Anyway, I say this to say that it is always good to attend seminars even if you feel that you know all you need to know about foreclosures.
If not to meet other investors, bankers, etc but to learn a little something that you didn’t already know.
What did I learn? Well I learned about the above websites and feel that they are very useful if you cannot go to your town hall and get the information yourself. Although you can get the information yourself, it is very tedious and you do have to pay for each lis penden you get (at least in Essex County, NJ).
P.S. I have no affiliation with American Foreclosures or their affiliates in any way.
