Totally Florida Real Estate Blog

Sunday, November 23, 2008

Orlando Foreclosures Expo to serve as a forum for investors and those facing foreclosure

For Immediate Release

Orlando Foreclosures Expo to serve as a forum for investors and those facing foreclosure

The first-of-its-kind event will be held at the International Plaza Resort & Spa on February 7-8, 2009

Orlando – The foreclosure crisis continues to affect everyone from homeowners and mortgage brokers to real estate agents and communities, especially in Central Florida. To serve as a forum for homeowners facing foreclosure and looking to sell their homes, and for real estate industry professionals who are involved in foreclosure-related transactions, the first-ever Orlando Foreclosures Expo (www.foreclosuresexpo.com) will be held on February 7-8, 2009.

Phil Peachey is the founder of the Expo. He started buying and selling foreclosed properties in 2006 and quickly found it challenging to locate available foreclosed homes that are not included in the MLS. This sparked the idea for an event that brings buyers and sellers in the foreclosure industry under one roof.

When the Orlando Foreclosures Expo takes place at the International Plaza Resort & Spa, it will bring 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 to the International Plaza Resort & Spa. 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.

“We have clients on both sides of foreclosure – individuals who are looking to buy foreclosed homes, and people who are facing foreclosure and looking to sell their homes,” said Chris Christensen, a real estate agent who operates a Real Living Real Estate Solutions office with his wife and fellow agent, Julie Christensen, in southwest Orlando. His company will be an exhibitor. “The Expo will be an ideal venue to find investors looking to buy properties and help clients who are facing foreclosure get out of their situation.”

Before the Expo begins, there will be a VIP breakfast where guests can get a preview of foreclosure listings prior to the general public. Also, a foreclosed home will be given away at the Expo. The inaugural 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.

The Orlando Foreclosures Expo was born out of the need for people in the real estate industry to promote their services to the public,” Peachey explains. “This will be the first event of its kind where real estate industry professionals and the public can learn about the foreclosure industry, network and links buyers and sellers of foreclosed properties.

“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.”

Peachey says that the Expo has room for as many as 50 vendors. Sponsors for the Expo include the Orlando Sentinel, Wachovia, Moneycorp Inc., Southeast Professional Title, Luxautica, Aston Martin, and ICEBAR Orlando.

After this initial Orlando Foreclosures Expo is held, Peachey plans to organize similar events across Florida in areas like Tampa/St. Petersburg, Miami, Jacksonville and Tallahassee.

“There is undoubtedly a great need for an event like this,” Peachey says. “It will benefit every professional associated with the foreclosure industry, and it will also help those people who are trying to avoid foreclosure.”

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Media Contact:

Jeff Louderback
407-474-6149
jlouderback@cfl.rr.com






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