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• Tim Randle here.A few months ago I spent a long weekend locked up with a small group of Real Estate alchemists at the REIClub Foreclosure Academy.
• It was content dense for novice and experienced Investors alike.
• And that’s not just my opinion.
• These people were there:“Best Real Estate training I’ve been to and I’ve been to dozens and dozens”“I was very much impressed with the wealth of content and the simplicity of its presentation”“The amount of content is amazing”“This is the most educational event in the industry”“No nonsense delivery of so much information in an understandable manner”“There was massive education and information”“Professionalism of entire presentation – quality presenters, timely info”“Very dense content”“Good content without parade of pitches for products”“More information in 3 days of the Foreclosure Academy than other so called Real Estate Gurus”“So many experts in one place at one time”Want To Join The Small, Elite Group of Short Sale Investors That Are Banking Gold?Here’s the situation…New York Times, April 2010:“About seven million households are behind on their mortgage payments.”NPR, April 2010:A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago.
• In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.“We’re right now on pace to see more than 1 million bank repossessions this year,” said Rick Sharga, a RealtyTrac senior vice president.In all, more than 900,000 households, or one in every 138 homes, received a foreclosure-related notice, RealtyTrac said.USA/Today, October, 2010:The epidemic is spreading from the states at the ground zero of the foreclosure problems out into areas that hadn’t been previously affected,” said Rick Sharga, a senior vice president at RealtyTrac.The trend is the latest sign that the nation’s foreclosure crisis is worsening as homeowners facing high unemployment, slow job growth and uncertainty about home prices continue to fall behind on their mortgage payments.In all, 133 out of 206 metropolitan areas with at least 200,000 residents posted an annual increase in foreclosure activity in the three months ended Sept. 30, RealtyTrac said.“Eleven out of the nation’s 20 largest metropolitan areas saw foreclosure activity increase in the third quarter compared to the same period last year.”Oh and that great Obama foreclosure prevention program…About 231,000 homeowners have completed loan modifications.