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Atlanta Pre Foreclosure 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.
Atlanta Pre Foreclosure Specific links
Atlanta Pre Foreclosure News
Half of metro Atlanta mortgages underwater - Atlanta Journal Constitution
 Los Angeles Times | Half of metro Atlanta mortgages underwater Atlanta Journal Constitution It also makes foreclosure more likely if the mortgagee loses a job or hits other economic shocks, he said. Zillow, the online real estate data and search firm, analyzed 35 million mortgages, including 778870 in 22 metro Atlanta counties, to conclude 55 ... One third of mortgages are underwater and homeowners owe $1.2T more than ... More Than 30% Of Mortgage Borrowers Still Underwater |
CredAbility Supports HUD Studies on Housing Counseling - MarketWatch (press release)
CredAbility Supports HUD Studies on Housing Counseling MarketWatch (press release) Both the pre-purchase counseling and foreclosure counseling studies enrolled clients in the fall of 2009 and early 2010. HUD found that 35 percent of participants became homeowners within 18 months of pre-purchase counseling and only one of those ... |
Foreclosures Move Downtown - UPI.com
 Bloomberg | Foreclosures Move Downtown UPI.com Other cities with increases included St. Louis (29 percent), Chicago (26 percent), Philadelphia (24 percent), and Atlanta (21 percent). Among the 20 largest metros area, cities posting the biggest annual drops in foreclosure activity included Seattle ... Foreclosure activity drops in April U.S. Foreclosures Down 14% Over Last Year, Filings Shifting to the East Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages |
March FNC Residential Price Index up 0.5% - MarketWatch (press release)
March FNC Residential Price Index up 0.5% MarketWatch (press release) Declining foreclosure sales as a percentage of total home sales have likely contributed to the price stabilization. More robust price increases are expected with the increase in spring home sales while the conditions of record low mortgage rates and ... |
US Foreclosure Activity Shifting Eastward According to RealtyTrac® US ... - Marketwire (press release)
 ABC News | US Foreclosure Activity Shifting Eastward According to RealtyTrac® US ... Marketwire (press release) "In addition, more distressed loans are being diverted into short sales rather than becoming completed foreclosures," Moore continued. "Our preliminary first quarter sales data shows that pre-foreclosure sales -- typically short sales -- are on pace to ... April Foreclosure Rates Up in Ga, Atlanta Foreclosures Plunge to Five-Year Low in US: Mortgages RealtyTrac: US Foreclosure Filings Fall 14% In April On Year |