Editor’s Note: I am thinking about flying down to this event and meet some of the players in the Commercial REO space being that this is the shoe that is dropping right now. I talked to a good friend of mine that is a Hard Money guy and he said its just getting brutal out there is the commercial real estate sector to the point that banks are even enforcing balloon payments in loans that are coming due and letting them just keep paying their mortgage until things improvement because most owners don’t have the cash and the banks doesn’t want to own the property.
The Commercial REO Brokers Association, “CREOBA” (www.creoba.com), the exclusive commercial national association dedicated to assisting real estate professionals who want to provide REO services to banks and loan providers, proudly announces its upcoming dinner meeting, scheduled for January 22 at the Los Angeles Airport Marriott on 5855 West Century Boulevard, from 6:00 PM – 10:30 PM PST.
The event, sponsored by Keller Williams Commercial Realty, will include an overview of the Commercial REO market, as well as the opportunity for attendees to meet asset managers, investors and other brokers.
Guests will also have an opportunity to listen to a panel of experts about industry trends and the skills necessary to becoming a successful Commercial REO Broker. Guest speakers for the evening include: Alice Sorenson, Light House Real Estate Solutions; Craig Berardi, REO Solutions; Ken Pratt, Old Republic Default Management Services; Brad Knapp, BREO, Inc.; Tom Oldefedent, Asset Management Servicing; and Miguel Pena, Commercia REO Asset Manager.
“This event is a comprehensive introduction to key subjects concerning commercial REO, led by some of the industry’s most accomplished individuals, and a smart means of preparing for major trends in this new year. This event is also an excellent networking opportunity for lenders, servicers, agents, brokers, attorneys, title companies, service providers and investors. CREOBA is at the forefront of helping our members – and those who want to join our organization – strengthen their skills for greater success in this current environment. With $176 billion in distressed commercial real estate, up from $100 billion this same time last year, our training programs offer practical – and crucial – intelligence for professionals who value knowledge and experience, courtesy of the talented people who manage these classes. I welcome people to register for this event so they can learn more about CREOBA and our commitment on behalf of the members we serve nationwide,” says Mark Barker, Vice President of CREOBA.
Knowledge and Opportunity: CREOBA in Action
CREOBA continues to be a trusted resource for Commercial Brokers that want to move into the Commercial REO industry. “Our success is an inseparable part of our experience and powerful advocacy on behalf of the members we serve. We seek to help our members navigate the complex yet exciting world of the Commercial Default industry. The benefits we provide are at the center of our reputation,” states Mr. Barker.
About The Commercial REO Brokers Association
Headquartered in Westlake Village, California, The Commercial REO Brokers Association develops standards of service and best practices for real estate professionals, asset management companies an d other commercial brokers throughout the United States. Established in 2009, the Association offers training programs and networking events for members who want to exchange information and share business strategies. The Association also runs a series of committees, classes, panel discussions, conference calls, forums and virtual seminars, all designed to highlight important trend and sources of business for our Commercial Broker members.
Source: PR Source
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