Prospect Mortgage Announces Seminar on Buying Foreclosures in San Fernando Valley

SHERMAN OAKS, Calif., March 12 /PRNewswire/ -- Prospect Mortgage will host the 2010 REO Insight Forum on March 20, 2010, in Van Nuys, California, from 9:30 a.m. to 11 a.m. This free event is open to the public. The keynote speaker is Ivan Choi, SVP of REO Financing Services at Prospect Mortgage, who is one of the nation's leading experts on foreclosures. Attendees will learn everything they need to know about buying a foreclosed home in San Fernando Valley.

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Prospect Mortgage is one of the nation's largest independent mortgage lenders, and works with many of the country's largest REO asset holders. "Because of our experience working with the asset holders, we know how to streamline the buying process for our customers and remove some of the frustrations and fears they may have," said Mr. Choi.

Meeting attendees will learn how to best structure their purchase offers for consideration by sellers and review the state of the market regarding bank-owned properties. "This is a great opportunity to hear what the best REO listing agents in the Valley have to say about the bank-owned real estate market," said Prospect Branch Manager Hovik Shahinian. "As an organization, we believe we must give back to the communities we serve through education and social contribution. We put this program together to take some of the mystery out of the REO game for our most valuable client: the first time homebuyer."

To pre-register for this event, please contact Delmis Flores at (818) 742-3200, ext. 4857, or email [email protected] by Tuesday, March 16, 2010.

About Prospect Mortgage

Prospect Mortgage is one of the largest independent residential retail mortgage lenders in the United States. It is backed by Sterling Partners, a private equity fund group with over $4 billion of capital under management. Headquartered in Sherman Oaks, Calif., Prospect Mortgage is a leading lender offering a full range of quality home loans, including FHA & VA conventional, jumbo and super jumbo, reverse mortgages and more. Prospect Mortgage is also the Preferred Lender for more than 120,000 bank-owned properties nationwide.

SOURCE Prospect Mortgage