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As millions of people were losing their homes in the depth of the recession, instructors at Trump University were urging students to seek out anxious or desperate sellers to reap a financial windfall, according to recently released documents in the federal class-action lawsuit against presumptive GOP presidential nominee Donald Trump.
The now-defunct for-profit real-estate school, founded by Trump and two associates in 2004, offered workshops on how to take advantage of the foreclosure crisis in some of the hardest hit states, including California.
In a 2008 slide aimed at persuading potential students to sign up for a three-day, $1,495 workshop, Trump is pictured alongside a quote: “I’ve always made a FORTUNE in FORECLOSURES, and YOU WILL TOO. The timing will never be better than NOW! My recommendation is that you attend our retreat. ENROLL TODAY!”
That year, more than 2.3 million foreclosures were filed across the nation, including more than a half-million in California, said Daren Blomquist, a senior vice president at RealtyTrac, a housing data firm. “It was the height of the foreclosure market.”
