Ivan Choi said there were over 400 in attendance last night at the annual REOMAC dinner meeting at the Marriott. There was a commerical short sale and note sales workshop at 3:00pm to start things off. I heard really good comments from the first speaker, one comment was out of the 200+ commercial short sales he has done, the longest was only 90 days! Huh, kinda makes me start to re-think some things.
I didn't know these REOMAC speakers personaly on stage but the second presenter was more on the financial side of the commercial default/ distress part of the business and I have to be honest it was very informative and interesting. That stuff would normally put me to sleep but to see how the inner workings of this high end commercial financing and syndicated loans with the wall street people making money of the margins was new to me. Thank you REOMAC, any day I can learn about my craft and put into use is a good day.
Then the opening reception at the REOMACdinner meeting was a meet and mingle with other industry folks was interesting as well. I took along my flip video camera and will post on you tube under REOMACDinner Meeting Dec 2010 or San-Diego-REO.com . This was my 3rd dinner meeting with REOMACand as always I saw some old friends and some of my new friends as well.
The after dinner discussion was on a differerent level and I agreed with some of the comment and did not agree with others. Everybody has an opinion and maybe one of those will really help us out of this mess.
See ya...Cheers :) This space is reserved for the video. I am editing as REOMAC speakers are NOT to be on video.
