Trump spins in foreclosure game

The L.A. Times reports on the Donald and those who give his seminars:

Trump said now's the time to plunge into the foreclosure market, which is booming thanks in no small part to the estimated 2 million people with sub-prime mortgages in danger of losing their homes.

"These are great times," he declared. "There are unbelievable opportunities for making money. There are very few buyers and lots of sellers. It's a great time to be a buyer."

And with that, Trump said he had to get off the phone because "a bunch of important people" had just entered his office and he had to make a deal.

So off I went to Pasadena, where I soon found myself in a hotel meeting room with about three dozen other wannabe real estate moguls. Before us was a banner featuring Trump's typically dour image. "Think big," it instructed.

"Trump is prestige," a participant named Van Patrick, 40, told me as we waited for the event to start. "People follow him, investment-wise."

Hock Chong, 42, echoed this sentiment. "Since he's had such good success, I want to learn his secrets," Chong said.

Our instructor was a Texan named Steve Goff, 40, who told me before things got started that he had bought and sold about 300 houses since getting into real estate 11 years ago. He said he had never bought or sold a house in California.

I asked Goff if he's a millionaire. He said no. He said he had been through bankruptcy, two divorces and had his own home foreclosed upon.

"I love helping people," Goff said of why he now works for Trump University. "I'm very passionate about helping people achieve success."

In today's real estate market,those making money off of real estate give seminars.What better proof than Steve Goff and Donald Trump?