At noon, you have the opportunity to attend a no-host lunch with Dr. Reddick and ask questions. In the afternoon you go on tour and see foreclosure properties available for sale. How to Purchase REO Properties Participate in the largest real estate sale in the 21st Century. Properties in Southern California will surge to 20,000 in 2000. REO is a banking term for properties foreclosed on by banks and savings and loans.
Loans are easy to qualify for and offer terrific interest rates.
You can even purchase directly from people in foreclosure, a process called short payoff. Take this course and learn to select neighborhoods where homes will appreciate, find REOs before anyone else does, and check out property for potential problems. In addition, learn to find the best lenders available, determine what to offer, and justify the price you want to pay. The U.S. Government must sell thousands of properties. Fortunately, cheap loans are available for buying them.