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Finding a foreclosure mentor or trainer for your specific state's foreclosure procedure.

Posted by Ward-CA on March 17, 2002 at 8:34 PM

In Reply to: Re: Training in New Jersey posted by Maurice on March 17, 2002 at 10:42 AM

: : Hi,

: You had an interesting question and one I am asking myself now.
: Did you get any ideas as to how or where to get this training?
: If so, would you let me know?

: Thank you

=•=•=•=•=•=•=•=•=•=•=•=

Maurice and Eugene,

You shouldn’t let the fact that there’s no local foreclosure guru available, or perhaps not willing, to train you. If you run into the proverbial “brick wall” you have two choices: 1) travel to where there is a guru willing to train you, or 2) do it the hard way and train yourself. Believe me, finding a good guru is the better choice. I had to chose the #2 route when I started out years ago and it wasn’t easy.

Trying to find a local guru shouldn’t take you long. Visit your local real estate investment club(s) and ask the local members for leads. Visit you local foreclosure sale locations and ask those who are participating for info on anyone they respect as a possible trainer. Don’t just attend one foreclosure sale site if there are more than one.

Once you have exhausted looking for a local foreclosure trainer you might then consider looking farther afield. But make sure that the out-of-state trainer will train you according to your local foreclosure code and procedure. Or in the alternative, be ready to go to your local law library and steep yourself in your local foreclosure process.

Once you think you have a trainer prospect visit the website, wwwjohntreed.com, and see what comments, if any, Reed has about your selected guru (click on his real estate link and then his guru link). Reed doesn’t pull any punches. If the Reed site draws a blank on the name of your mentor then ask your potential trainer for some student referrals you can phone and talk with BEFORE parting with your precious training dollars.

Good luck.


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