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Pre Foreclosure Scripts : Telephone Talk For Investors

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When you have entered the world of real estate investment, either as a full or part time job or opportunity, it is important to have a series of pre foreclosure scripts. Telephone talk outlines and checklists are essential both when you are talking to the homeowner as well as when you are talking to the bank or lender and discussing or negotiating a short sale. These pre foreclosure scripts, telephone talk outlines or checklists should be developed well in advance and reviewed to ensure that you have included everything that you need to cover in the phone conversation. Nothing will irritate either a homeowner or a lender more than having repeated calls from the same investor to keep filling in information missed when there are no pre foreclosure scripts. Telephone talk outlines can be found on the internet or in investment courses, however they can also be developed with a bit of thought and consideration.

To develop your own personalized pre foreclosure scripts, telephone talk outlines or phone checklists consider the following key elements:

• Include a space for the property physical address and location, the name of the current homeowner and the name of the lending company

• Keep a space or blank line where you can write in the loan or foreclosure officers name and direct line phone number. This will help you be able to call them back and address them by name during the conversation.

• Provide a short two to three sentence blurb about yourself and your experience as an investor. Banks and lenders do want to know who they are dealing with and what their current level of knowledge is about the process.

• If you have dealt with a loans officer from the particular lender before, be sure to mention this in your introduction or script. A great idea is to leave blanks in the script, print it out and fill in the blanks with the relevant information before and during the call.

• Provide the information that you may already have on the home including the owners hardship situation, the property's market value and the price at which you are willing to start negotiations.

• Include a list of questions you may wish to address directly to the lender regarding the short sale process or the documentation required to start the short sale.

Practice your pre foreclosure scripts, telephone talk outlines and checklists to make sure they sound natural and not like you are reading off a page. Keep in mind that you need to be flexible and respond to the person on the other end of the line, not just follow along with the script if they are asking questions or providing further information.



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Houses In Pre Foreclosure News

Foreclosure-prevention efforts bog down - Kansas City Star


Mortgage Rates & Trends

Foreclosure-prevention efforts bog down
Kansas City Star
Jerry Brown is pushing to use some of California's share of the $25 billion national mortgage settlement to plug holes in the state's budget, dismaying housing activists. Since the start of the real estate bust, foreclosures have been a persistent drag ...
Lawmakers gave millions from mortgage settlement to local governmentsDaily Press
Georgia – No Plans To Help HomeownersRealtyBizNews

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Foreclosures, House Sales Up in April - LoanSafe


Foreclosures, House Sales Up in April
LoanSafe
(Source: Ed Waters Jr. The Frederick News-Post, Md. — Foreclosures were up in Frederick County from March to April, but so were home sales. RealtyTrac, a national distressed property data firm, said there were 73 foreclosures in the county in April.

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Speeding Up Short Sales - New York Times


New York Times

Speeding Up Short Sales
New York Times
“Short sales are huge right now,” said Peter Spino, the foreclosure services manager for Community Housing Innovators in White Plains, NY, a housing counselor certified by the Department of Housing and Urban Development.
Federal Judge Agrees With MFI-Miami and Northern Michigan Attorney -- Fannie ...Business Review USA (press release)
Freddie Mac: Housing market showing recoveryHome Channel News

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House Passes Bill to Improve Veterans' Services, Foreclosures - Patch.com


House Passes Bill to Improve Veterans' Services, Foreclosures
Patch.com
The second bill deals with home foreclosures by putting in place a process to prevent foreclosures by encouraging cooperation between homeowners and banks. The Valor Bill will require the Board of Education to adopt a procedure to make school moves ...

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Foreclosures reach lowest level since 2007 - CBS News


CBS News

Foreclosures reach lowest level since 2007
CBS News
"Our preliminary first-quarter sales data shows that pre-foreclosure sales -- typically short sales -- are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona, and 10 other states." In late 2011 and early 2012, ...
Foreclosures down, short sales up. Are banks getting smart?Christian Science Monitor
Orlando foreclosure activity down from March to AprilOrlando Sentinel
REAL ESTATE: Inland Empire tops dubious foreclosure listPress-Enterprise
TIME -NBC Los Angeles -REjournals.com
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