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Pre Foreclosure Vs Foreclosed Article
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Interested In A Pre Foreclosure: Send Postcard
from:When potential buyers are interested in a home that has been listed as a pre foreclosure – send postcard should be their first thought. Although it may seem impersonal or like a bulk mail out, for a buyer looking a home in pre foreclosure, send postcard, send letter or make a phone call are really the best options rather than an in person visit. While making an in person visit is still a good option, it also may be very intrusive to the homeowner, plus it requires that you travel to the home and simply take the chance of actually finding the owners at home, which can be challenging, especially if you live in a different city or area.
From a listing service, determine which homes are in the area that you are interested in and are currently in pre foreclosure. Send postcards to the homeowners, but try to address the card directly to the current owner, not just with a generic greeting such as "Dear Homeowner". This little personalization will ensure that the homeowner understands that you have at least taken the effort to look up their name and are not simply mailing out to everyone in the neighborhood or area.
The sample for a pre foreclosure send postcard template can be found on many different real estate investment sites, but typically the format of the postcard will be similar to the example provided below. The general format of the postcard should include:
• A sentence to the homeowner explaining why you are contacting them regarding the purchase of their home.
• An interest in working with the homeowner to avoid foreclosure and the negative affect it will have on their credit score.
• Contact information for you such as an email, business or personal phone number or cell phone number.
• Information about you – are you a sales agent or marketing company, a listing service or in interested potential private buyer.
The format for the pre foreclosure postcard should not look exactly the same as what other companies or interested buyers are offering. The more personalized and supportive the postcard is, the more likely the homeowner will be to take the time to call you or make contact. For a property you are interested in that is in pre foreclosure, send postcard first, then follow up with either a longer letter or a phone call about a week to two weeks after the original postcard has been sent. If the homeowner is not interested in discussing a possible sale at this time, ask if you can call back in a month, which will give them time to work with the lender and make the decision to short sell the house or refinance.
Pre Foreclosure Vs Foreclosed News
Foreclosures: Better but still not great - Minnesota Public Radio
Foreclosures: Better but still not great Minnesota Public Radio Minnesota is starting to recover from the mortgage crisis -- foreclosures are down, as are the number of homes getting pre-foreclosure notices and the number of sheriffs sales, 2011 data released this afternoon by the Minnesota Home Ownership Center ... |
Foreclosures, House Sales Up in April - LoanSafe
Foreclosures, House Sales Up in April LoanSafe RealtyTrac, a national distressed property data firm, said there were 73 foreclosures in the county in April. That is up nearly 6 percent from March and up nearly 9 percent from April 2011. Home sales in the county increased from 206 in March to 212 in ... |
Las Vegas Builders Rush to Fill Housing Gap - NewsReleaseWire.com (press release)
Las Vegas Builders Rush to Fill Housing Gap NewsReleaseWire.com (press release) As a result, many banks have slowed foreclosures dramatically or even stopped foreclosing all together. Last year, in the month of April 2011, over 3000 homes were foreclosed upon in Las Vegas...this year, April 2012, only 410 homes went back to the ... new-homes sales jump 34.5 percent in April Las Vegas Builders Selling More New Homes |
Calif. homeowners with foreclosed second mortgages targeted by firm - News10.net
 abc7news.com | Calif. homeowners with foreclosed second mortgages targeted by firm News10.net Heritage Pacific sent Trejo, who also lives in San Jose, a letter saying it had asked a bankruptcy judge not to discharge, or erase, its $88800 claim against him. Trejo invested in properties in Merced and later lost them all in foreclosures. Is Plano firm a vulture or a mortgage fraud fighter? Firm targets CA homeowners with foreclosed 2nd mortgages |
Speeding Up Short Sales - New York Times
 New York Times | Speeding Up Short Sales New York Times And as the number of short sales has risen, foreclosures have fallen. Completed foreclosures represented 25.3 percent of home sales in March, versus 34.9 percent in all of 2011 and 42.7 percent in all of 2010. Lenders favor short sales because they are ... Mortgage Relief – Without the Catch BofA May Turn Profit on Mortgage Buybacks, Credit Suisse Says US 30-year mortgages hit record low |