Foreclosures and short sales have dominated the real estate market for much of 2008, so now an Expo has been organized for February which will bring together investors, homeowners facing foreclosure, brokers and agents for a two-day forum in Orlando.
Financial experts agree that the real estate market – and the economy as a whole – will not improve until the inventory of available homes shrinks. The inaugural Foreclosures Expo will be held at the International Plaza Resort & Spa in Orlando on February 7-8, 2009. It will serve as a forum where everyone from real estate agents and brokers, real estate attorneys and REO department representatives from banks to lenders, investors, wholesalers, builders and others in the foreclosure industry can gather under one roof to exchange ideas, offer guidance and conduct business.
The Expo will also allow homeowners in danger of foreclosure to list their properties and the minimum price they need. There will also be a help desk where people facing foreclosure can talk to real estate professionals about their options.
“For people facing foreclosure, the Expo will give them access to everything from lenders who can help them find solutions they might not have known existed to investors who are looking for properties,” said Phil Peachey, who is founder and organizer of the Expo. “There will be more options for homeowners, and for real estate sales professionals that have a vast inventory of properties, to find a pool of qualified buyers at the Expo than relying on the MLS.”
The event will feature workshops conducted by experts on how to avoid foreclosure and what to do if you are facing foreclosure. The networking among professionals in the industry can lead to immediate transactions and future business, Peachey says. Investors will be able to find listings of foreclosed homes for as little as $18,000. For homeowners in danger of losing their homes to foreclosure, the Expo will give them access to a pool of several qualified buyers.
“Most people, even real estate professionals, do not have access to foreclosure listings or to the people who regularly buy and sell them. Wholesalers typically offer their foreclosure properties to a very select few. Also, most REO (Real Estate Owned) departments of banks will not deal with the general public,” Peachey adds. “The foreclosure industry has been more like a private club where the public cannot obtain a membership. The Orlando Foreclosures Expo will break down those barriers.”
Tickets are $8 in advance and $10 at the door and include an opportunity to win a foreclosed property at a live drawing during the event.
If you found this article interesting, you may want to see other posts about foreclosures and short sales:
For more info: Email Michele Lerner at MLerner@gmail.com
Comments
What a great idea.....why has this not been done before. I will be there.
if this works (which I am sure it will) they should do it all over the US.
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