| Foreclosure marketing strategies |
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hiscompany
Member
Cash: $ 3.70
Posts: 14
Joined: 02 Feb 2008
Location: California
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| Foreclosure marketing strategies |
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Here’s a toss to the experienced pre-foreclosure investors in the group. What has been YOUR experience? How can a pre-foreclosure investor market that he/she solves problems for homeowners in financial duress…specifically, how does he contact them or how does he get them to contact HIM? What are some good strategies and why are they good? What works for everyone else?
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Wed Feb 20, 2008 8:57 pm |
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kristiegarza
New Member
Cash: $ 1.00
Posts: 5
Joined: 28 Apr 2011
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I do not know why the owners who pre-foreclosure do the same every time, but I do not know why the sellers are in this situation until the end do the same almost every time they come. In almost all cases when you see this situation develops, the owner is usually doomed to make a mortgage payment and property is divided into foreclosure ..
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Thu Apr 28, 2011 1:28 pm |
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laura.alamery
Contributing Member
Cash: $ 7.50
Posts: 35
Joined: 22 Oct 2010
Location: St Louis, MO
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| Re: Foreclosure marketing strategies |
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quote:
Originally posted by hiscompany
Here’s a toss to the experienced pre-foreclosure investors in the group. What has been YOUR experience? How can a pre-foreclosure investor market that he/she solves problems for homeowners in financial duress…specifically, how does he contact them or how does he get them to contact HIM? What are some good strategies and why are they good? What works for everyone else?
I send out a letter to homeowners in preforeclosure (meaning that they already have a foreclosure date set) and highlight in my letter what I can do for them (i.e. avoid foreclosure, remain in the house longer while I negotiate a buyout/short sale with the bank, help with moving expenses, etc.)
I don't patronize them or use scare tactics like some investors do in their preforeclosure letters (I have read several - they are horrible.)
These homeowners are going through a real tough time and they don't certainly need to hear someone else intimidating them (I am sure they have enough debt collectors doing that.)
In my letter I have a phone number and my website, which they can log on to and get more helpful information (I offer a free report about "7 ways to avoid Foreclosure" through my site - that way I collect from them some basic information in a simple online form.)
My response rate through the mailing is about 5% and most of those turn out in short sales.
I am told I come through as caring and genuine, that is why they choose my letter over dozens that they receive.
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Wed May 04, 2011 3:07 pm |
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harrywinston
Member
Cash: $ 2.00
Posts: 10
Joined: 24 May 2011
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Marketing policies, their motivation is more important. Could talk for hours about this. What we're going to follow is a very dependent. Repetition is the key. If you need to hit them in the window of opportunity 8 times. Most investors only once and never post again in the post. 4-7 Hits needed to get a response, studies show. Because you know that many of them, such as in front of the who or any response as far as possible, has to stay.
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Tue May 24, 2011 2:01 pm |
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namratasnv
Preferred Member
Cash: $ 25.25
Posts: 126
Joined: 24 Jul 2009
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quote:
Originally posted by kristiegarza
I do not know why the owners who pre-foreclosure do the same every time, but I do not know why the sellers are in this situation until the end do the same almost every time they come. In almost all cases when you see this situation develops, the owner is usually doomed to make a mortgage payment and property is divided into foreclosure ..
Yes, it happens and that is why I always show some urge in knowing every bit about foreclosure to avoid certain risks.
http://www.connecticutwebuyhouses.com/
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Thu May 26, 2011 1:52 pm |
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karinabartram
New Member
Cash: $ 1.40
Posts: 7
Joined: 09 May 2011
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Many people ask about buy pre-foreclosures. If you are going to buy pre-foreclosures after the seller is behind on her payments but before the lender’s auction date then you have got a good possibility of buying the house subject to the loan from a very motivated seller who just wants out.
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Sat May 28, 2011 6:25 am |
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ogden34
Member
Cash: $ 4.20
Posts: 21
Joined: 08 Feb 2011
Location: Philippines
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For me foreclosures are still better options compared to other properties for sale in the market. Keep in mind that aside from way below market prices you are also gaining equity the moment you have purchase these foreclosure houses.
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Tue May 31, 2011 8:51 am |
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xiaolizi
New Member
Cash: $ 1.20
Posts: 5
Joined: 01 Jun 2011
Location: xiaolizi
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Because you know that many of them, such as in front of the who or any response as far as possible, has to stay.
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Wed Jun 01, 2011 7:51 am |
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