Buying Metro Detroit foreclosures – learn about real estate investing

REIA of Oakland County is a real estate investors association.  Thye meet monthly.  Many of the members are long term Metro Detroit real estate investors.  Some just flip houses and some are landlords.  They are a wealth of information.  Many are very successful.  Each month they have guest speakers about various subjects.  This organization is great whether you are just thinking about investing in Metro Detroit real estate or a long time investor looking for the latest info.

Here is the information on the REIA of Oakland County’s next meeting

Dear Real Estate Professional, Can you believe the Holiday Season is here?  Before you know it the New Year will come and go.   This month’s newsletter, packed with real estate goodness, can be viewed online at   This month’s meeting, December 10th, is the “Loan Modification Panel.”

Loan modifications have become a necessary evil in today’s economic climate. In its simplest terms, it is a restructuring of a loan without actually refinancing the property it secures. Modification of a loan applies to the terms governing the interest rate, the amount of the monthly payment, and in some cases, the loan amount. It’s sole purpose is to enable the borrower to meet the terms of the new loan for the foreseeable future. To bring the latest information on the subject to the public we’ve assembled a panel of experts in the field. Our panel of experts includes:

  • Bruce Redman is a lawyer with Redman Law Firm, specializing in real estate since 1994. He represents major mortgage lenders and servicers in foreclosure, litigation, title claims and bankruptcy. In addition, his firm holds seminars to educate homeowners on alternatives to foreclosure and has represented dozens of individuals in loan modifications, foreclosure counseling and other foreclosure alternatives.
  • Suzanne Taube has been in the mortgage lending industry for the last 25 years; working for companies like Countrywide, GMAC and Kaplan. She is a past president of the Michigan Mortgage Brokers Association. She is currently the managing partner of Sheffield & Associates doing loan modifications and debt settlement in Birmingham.
  • Ellen Mahoney, with Loss Mitigation Consulting Services, LLC has over 26 years of experience in real estate and finance providing assistance to individuals assessing options pertaining to residential real estate. Her firm provides comprehensive loss mitigation advice, such as loan modifications and short sales.

Don’t miss this opportunity to hear the latest updates on loan modifications and other loss mitigation techniques in this time of unprecedented delinquency, default and foreclosure. There will be a question and answer period after the presentations.

Whatever level you are at in your real estate career, don’t miss our December meeting.

Meeting Location Michigan State University Management Education Center 811 W. Square Lake Road Troy, MI 48098

Meeting Schedule December 10th, 2009 5:30pm – 7:15pm Early Bird Q&A and Vendor Expo 7:15pm – 9:30pm General Membership Meeting and Guest Speaker
         The public is welcome to attend at any of the above times.
It is not necessary to attend all night.

Cost  REIA of Oakland Member – FREE Non-member – $20.00

If you are thinking of buying investment properties feel free to call me with any questions.  My cell is 248-310-6239

Russ Ravary your metro Detroit real estate agent


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