Foreclosures
Foreclosure Seminar
In the news you have continued to hear about the crashing subprime lending market and the rising numbers of foreclosures. Have you ever wondered what happens to all these foreclosures or how investors buy foreclosures in San Luis Obispo County? Do you know the difference between a Notice of Default, Notice of Sale, Trustee Auction, and REO (Bank owned property)?
Did you know there is a way to purchase foreclosured properties directly from the bank? There are bank owned properties all up and down San Luis Obispo County. You can negotiate these properties with a realtor on a standard purchase agreement with a standard escrow. Did you know you can finance these properties? You don’t have to pay cash at the auction or county courthouse steps. You can purchase these properties with a purchase agreement that allows you to do inspections, reports, and investigate the property under a due diligence time frame. Just as with any due diligence time frame you can back out under this clause if you are not satisfied with your findings. You can also build in loan contingencies to protect your deposit. But the best thing of all, is you can get these foreclosures and bank owned properties at some amazing prices. These banks have gone through the foreclosure process and now own these properties. They are sitting on their books, losing money every day. The banks are not emotional sellers and want these properties off their books and sold! They usually price these properties under market value to solicit a buyer quickly.
Would you like to learn more about this Foreclosure and REO market? Would you like to get a LOCAL list of all the REO properties in our area? Are you thinking that the bottom may be very near and buying a foreclosure may be an excellent way to invest in the next real estate cycle? Would you like to take a tour of these properties to see some amazing deals?
Well, you are in luck. I am going to be giving a seminar on Foreclosures and REO’s. The lecture part of this seminar will last approximately 1 hour. I will personally teach you the FACTS about the foreclosure market and what pit falls to watch out for. I will also teach you how to get finance options, negotiate, and secure a great deal on a bank owned property on your terms. After this 1 hour lecture, those of you who want to look at some local REO properties, I will take you on a personal caravan tour. We will pick out 4-6 local properties and take a look. You can see for yourself what these bank owned properties look like, ask questions, and investigate some great deals in a non threatening casual manner. I am offering this seminar to my clients / investors and their friends and family absolutely free.
I want to help educate you on the foreclosure market, what the misconceptions are and how you can really get a great deal! I have seen bank owned properties sell for 10-25% under fair market value. This could save you tens to hundreds of thousands of dollars.
We meet in Paso Robles at the Paso Robles Association of Realtors board office located at 1101 unit A Riverside Avenue . Please do not park in the Café Vio or Cool Hand Lukes parking lot J.
This is not a seminar to lure buyers in. Most of you know me and I am not a high pressure salesperson. My job is to help educate my clients and find them deals. There will be no obligation to buy, do or sign anything. This is a service that I want to provide to all my clients. I simply want to help you understand the local foreclosure market and the opportunities that exist. My seminar is the only one of its kind in the area. You will have real estate foreclosure experts and finance experts at your disposal, as well as a personal tour of some great buys, if you are interested (the tour is optional).
Please bring your friends and family that might be interested in learning about the foreclosure process and how to buy bank owned properties. If you have any questions you can always call me at 805-331-3310.
If you can confirm your presence it would be appreciated but not mandatory. Thanks and I hope to see you there.
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