Investigating the National Foreclosure Institute
I was recently contacted by the San Diego Union-Tribune about a Real Estate-related article they were preparing to publish. Reporters Lori Weisberg and Emmet Pierce wanted to know what I thought about the National Foreclosure Institute’s free workshop focused on strategies that the Institute says are “perfect for the novice and pro investor alike,” and are aimed at getting attendees to fork over $2,995.00 for a three-day follow-up seminar.
Having previously attended one of National Foreclosure Institute’s free workshops and co-authored two related books–”Protect Yourself from Real Estate and Mortgage Fraud” and “Foreclosure Investing For Dummies“–I figured I was just as qualified to comment on the benefits or lack there of, of attending as the guy who stood up at the San Diego workshop and proclaimed, “Three deals, three months; everyone say, ‘cha-ching’. ”
As I told Weisberg and Pierce when they called, the whole course is probably worth $100. Think about it… If the content of the Institute’s three-day workshop is so good that someone can stand up and proclaim that he booked $100,000 in profit from just three transactions—which is what James Gripshover said he did when he rose to say, Everyone say, ‘cha-ching,’–then the National Foreclosure Institute and it’s slick spokeswoman, Ann Goldschmidt, wouldn’t be conducting seminars, now would they. Why not? Well, think about it for a second. If it were so darn easy and profitable, Goldschmidt and the Institute’s staff would be spending all of their time doing it themselves!
Read Weisberg and Pierce’s article here. It appeared in yesterday’s Sunday Edition of the San Diego Union-Tribune. The article, “Seminars promise quick cash in foreclosures,” does a nice job of questioning this so-called institute about its content and the way its conducts business.