VA Peninsula Real Estate Investors Association (PREIA) February Meetup

*** MIKE HAMAR, ESQ. IS BACK!!! *** Real estate attorney and educator Mike Hamar of Michael B. Hamar, P.C. is coming back to PREIA to be our featured speaker again this month. Mike has thirty years experience in real estate law, investor education, corporate law and business transactions. He is certainly one of the best know and respected real estate attorneys in the Tidewater area. His office is in Ghent and he lives in Hampton so investors from both sides call him their own. We asked Attorney Hamar to come back and do a training on short sales because this area of real estate investing has grown tremendously in the last few months. ~~~For Real Estate INVESTORS~~~ 1. Customized Services 2. Investor Packages 3. Educational / Informational Materials (Short Sales, Subject to, Foreclosure pitfalls) 4. Customized forms Mike will talk about: 1. Why the time is right to learn short sales. 2. How to prepare a short sale offer and package. 3. How to negotiate a short sale. 4. Question and answer. Register early to ensure your seat! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Itinerary for this event: 5:30 to 6:00 Setup and early diners. 6:00 to 6:45 Dining and networking. 6:45 to 7:00 Introductions. 7:00 to 7:05 I learned about real estate. Tips from members 7:05 to 8:15 Our featured speaker Michael B. Hamar, Esq. 8:15 to 8:30 Q & A 8:30 to 8:45 Networking Okay Alan, why have you put down short sales for the last three years and now doing a 180? First of all, you may not know this but I am not always right. WOW. But the real reason is that in the last three years the real estate market, finance and law have changed as much as in the last fifty. I was against short sales because: 1. They were a lot of work. 2. The banks still thought they might do better at the courthouse steps or selling their REO later. 3. The banks were absolutely paranoid that the homeowners might be getting up on them. 4. You could usually wait and get the property cheaper at the courthouse steps or from the bank's REO department after it has sat on the market and not sold for a month or two. I am for short sales now because: 1. They are still a lot of work but help is on the way. And the rewards are mounting. 2. The banks have huge foreclosure pipelines and know they have to unload them any way that works. 3. They are still paranoid but are willing to make their safety checks more user friendly. 4. The banks are more apt to be reasonable about the price they will accept. 5. Finally, such a huge number of mortgage banks have failed that the survivors are forced to grow brains and find out what works. PREIA is your number one best networking opportunity on the peninsular for real estate investors and professionals! FREE FREE FREE! But you must pay for the meal. Yes, this valuable training is free if you pay $12 to our wonderful hosts, Peking International Buffet and that covers the meeting room, all you can eat, your drink and the tip. Contrary to a rumor that went around, you MUST pay for the meal to get the meeting free. It is too hard for the servers to figure out who ate. Out of respect for the speaker(s), service will not be provided during speaking. Please get your food and drink, and pay your bill before 6:45 PM. Of course you can enjoy the wonderful food at or after the meeting. Thank you for your cooperation. RSVP: Yes, absolutely! It's important that we RSVP for this event so that we know how to set up the conference room.