This is a real estate foreclosure course that costs seven monthly payments of $487 for a total of $3409. They value it at “$30,000″ but they’ve never sold the bonuses at that price so take it with a grain of salt. This link will show you the actual offer.

They pressure you that only one more person will be accepted and you had better sign up or be left out. It’s all a load a crap and they will sign up anyone at any time.

What you have to ask yourself is would you do a business venture with someone who lies to you right from the start? I just wouldn’t put up with that at all. You’re going to have to decide for yourself whether to get into business founded on  this approach.

Strangely, the one page we found a lot of information was here. There was a lot of Q&A about different questions on foreclosures.

Whenever I see a business opportunity that’s founded on photos of a mansion, an attractive woman fanning 100 dollar bills, and an expensive car, I run away from it like it’s on fire. If you have a quality product there’s no need to market it on that level.

There’s good opportunities for foreclosures in todays market, but it doesn’t cost $3,400 to learn. It takes a trip to Waldenbooks for a few books on the topic from different perspectives. Grab Cleo Katz’s current offering and some others.

My father is actually a real estate investor, we used to buy homes to renovate. Probably the most important thing is to find a qualified home inspector who was not referred to you by the Realtor handling the listing. The potential for a conflict of interest can spell disaster if the inspector gets compensated by the broker for helping sell the home (by not reporting all the problems with it). This isn’t often talked about but does and can happen.

I’d only get into foreclosures if you’re able to sit on a house for a while. Also I’d avoid high end homes for the time being. My dad is sitting on a 4,000 square foot mansion he just got done building in Australia and he said the buyers have really dried up. Hopefully as the stock market recovers they’ll return.

You can get a great deal, but until the mortgage market starts lending again (I just spoke with someone who had $200,000 to put down on a $400,000 house with good credit, and he couldn’t get a loan) it could be difficult to sell.

Just the fact they lie about availability (only one spot left!) to pressure you into buying puts me off. No successful business venture starts like that.