 | What Every Banker Needs To Know About Selling Loans.and how cowboy logic applies in today's market, as always September 16, 2008 · Doubletree Hotel Atlanta-Buckhead · Atlanta, Georgia |
Why should I attend?
There is no question that we are in historic economic times. Bankers are faced daily with record numbers of non performing assets, coupled with record numbers of REO properties and adding more by the day. Converting non performing loans into illiquid real estate owned is not the answer.
Loan buyers have become jaded because almost all Lenders are pricing their loans for sale based on what was owed yesterday, NOT what the loans are worth today. Buyers are tired of spending money locating loans, conducting due diligence and submitting offers only to find out that the Lender has unrealistic price expectations. This Bid/Ask spread is not narrowing, it is widening and there is little on the horizon that would indicate a reason for the gap will close.
We have achieved economic gridlock!
The producers of this event felt it is time for lenders, regulators, brokers and sellers to come together to determine a solution. This conference will bring proven loan buyers together with lenders. It would take a lot of both time and money for buyers to make this number of bona fide contacts. It would almost be impossible for a lender to meet this many proven buyers in this time frame. Loancowboys is making it possible for both buyers and sellers to meet in one place for one day in an ideal setting with an expert panel and professional moderator insuring that all questions get answered and that each attendee achieve their goals of making qualified contacts and better understanding the present market dynamics.
You cannot afford to miss this event.
Conference Panel
The conference will be headed by two panels of six panelists and divided into a morning panel and an afternoon panel. Each panel will consist of bankers, loan buyers, a loan sale advisor and a banking regulator. The panelists were selected by Loancowboys as a result of their loan sale, loan acquisition and loan workout expertise. It is our goal that attendees come away from the conference with a thorough understanding of the loan sale process, its pitfalls and what should be realistically expected as a final result not just economically but from a liability and regulatory viewpoint as well. Metrostudy will provide a mid-day overview on real estate construction market metrics, that include national and local inventory numbers as well as future market trends, population growth, sales velocities of developed lots and both residential and commercial construction statistics.
Conference Sponsors
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