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.