I was genuinely appalled at the misinformation



and outright lies that he was feeding the

frenzied crowd of about 100 or so innocent folks.

He fed them the bull like he was an evangelist

preacher healing the weak. He knew all the right

buzz words that would tickle their ears, and

called each attendee by their first name (we were

made to wear name tags). Oh, did he work the

crowd! Never once did he disclose that he had

never negotiated a short sale himself.

I was absolutely dumbstruck at how many people in

this group were nodding and bobbing and raising

their hands at his commands.

In this world of free information, you would

think that if anyone was interested in investing

in short sales they would have the notion to do

even limited research before they handed over

large sums of money to an unworthy stranger.

These attendees were led to believe that they

could make thousands upon thousands, within a 30-

day period - as the speaker claimed. (If only

they would sign up).

The bottom line of this "free" seminar was this:

if you wanted to be on the inside, be a "graduate"

and make millions, you needed to fork over a

mere $3,995 for a three day continuation of this "

get rich secret" . . . Which really isn't any

secret at all, if you do a little research and

obtain a working knowledge of short sales in

general.

Throughout the 2 hour presentation, which I did

sit through, he projected a slide show

presentation of check images he claimed to have

earned and mock ups of property profiles that led

the audience to believe they, too could sip

margaritas by the poolside while the checks came

rolling in.

If anyone in attendance really had a clue about

property values, and the current real estate

market, they would be able see through his thin

veil. It's just amazing how people on the edge

just want to believe there really is a free lunch.

(In this case, not so free as each individual

signing up wrote a check for nearly four thousand

dollars). So, I ask you, who's making the money

here? I speculated that over the four-day

presentation series this man walked out of our

fair city with more than $100,000 in his pocket.

This is heartbreaking to see people like him

jumping on the bandwagon just to take advantage

of the down-tide of the market. This scheme may

even be worse than the pushing of the adjustable

rate loans that forced the economy to the state

that it is in now.

If you want to work short sales and foreclosures

for profit, I suggest that you do your due

diligence and spend some time gathering good,

valid information. On my website, Information-

Valley.com I include only the best, must trusted

resources for the real estate professional and

savvy investor. May I suggest that you start

there, sign up for the newsletter and be kept

abreast of the trends, the systems that work and

those that don't. With so many products, offers

and seminars appearing I make it my business to

take the most promising for a "test spin".

Yes, you are going to have to set aside and

dedicate some time for short sale investing.

Everything worthwhile takes a little effort. Set

a goal for yourself, and stick to it. In the long

run you will come out ahead. Remember, there is

no free lunch.

After all, I certainly wish you well in your

endeavor, for everyone's sake.