Preforeclosure Seminars

Experts are springing up all over the place. The world is bulging with over night 'millionaire successes' who discovered the secrets to getting rich in the preforeclosure business.

Sarcastic? Yes - a bit.

Let's just say I've done my homework and you know what I found out?

There are no secrets to the preforeclosure business that you will learn at preforeclosure seminars. You can learn a lot about the pre foreclosure business and a lot about the real estate investing business.

But 'rich and quick' are kind of mutually exclusive and my experience has shown me first hand that 'quick and risk' are somewhat synonomous.

The primary secrets about preforeclosure seminars are how to get people to pay $2000-4000 to attend them.

This is not to say that they are not valuable, they can be well worth the money.

But forget about 'get rich quick' and 'secrets'.

There are a number of fundamentals that inexperienced preforeclosure investors need to learn about. Most of it will be learned through the experience of interacting with:

lenders who are foreclosing and

sellers who have fallen behind on their payments

The advantage of attending a seminar is to save time and perhaps prevent the loss of a 'good deal' by knowing what to say and what to do and to avoid a costly pitfall that will exceed the cost of the seminar.

But, you will learn these things anyway by doing it yourself.

There is definitely a preforeclosure language and vocabulary - all unto itself. It really helps to learn the language effectively before trying to speak it with professionals.

The fact is that most seminars are designed to get you primed to attend the next seminar to get 'the rest of the story'.

Part of this is a functional necessity. You need to do some deals and make some offers to learn what is really going on out there and how to apply what seminar leaders are teaching you. From that standpoint, it almost makes sense to do some deals first so you get more out of the seminars.

You can talk all you want about what it would be like to take the plunge and go swimming - you can listen to experts, read books, take courses. It's altogether different when you're in the water.

There are a number of seminars about investing in preforeclosures and the foreclosure business in general.

are actually courses that come in the:

homestudy format

newsletters

online training format

tele-seminar format

workshop format

Personally, some of the best values have been in good quality online newsletters. The most valuable are consistently put together by hands on investors who are active in the investing business and who have experience.

It is an interesting phenomenom but it seems like all the newlestters I like, tend to fade over time. Perhaps it is because the authors get some much online response they no longer have the time necessary to put out worthwhile content.

At any rate, grab them when you get the chance.

I have been to more than one preforeclosure seminar, participated in mentoring programs via teleconference and internet email courses.

Having said that these are the preforeclosure training resources that I think are the best value for the dollar:

That in itself is a rarety - the follow up. But I have found Alexis to be professional, highly ethical and in it for the long haul. We have not interacted a great deal but we have by email on a few occasions. I like her. She is an active investor.

She operates a very successful website as well at www.foreclosures.com and is highly respected by a number of financial professionals.

We have had a limited amount of interaction on the internet but I like this guy, his style and his directness. Seems like a straight shooter.