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What Is A Pre Foreclosure Article

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Pre Foreclosure Telephone Tips From The Pros

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Investors and buyers that are experienced in buying houses and properties on short sales all have a wide variety of pre foreclosure telephone tips that they use to get the homeowner's attention and get them interesting in working with the investor. If you don't use the pre foreclosure telephone tips you may still find a homeowner that wants to sell to you, but using these tips will greatly increase your chances.

The key to keep in mind when using the pre foreclosure telephone tips provided below is to be genuine and considerate of the difficult situation that the homeowner is currently in. Tone of voice and ability to relate to the owner is almost as important as the words that you use, and this is one of the most critical of the pre foreclosure telephone tips provided by successful investors.

Other equally important pre foreclosure telephone tips include:

• Avoid calling homeowners at specific times such as during meals, immediately after work when people are trying to relax, early in the morning when families are all busy getting off to school and work or late in the evenings. Consider the best time to be between 7-9 pm or in the afternoons on the weekends or holidays.

• If you get an answering machine leave a message, don't just hang up. Most people will have caller ID and will assume you are either a salesperson or some type of debt call, so just plan to leave a simple message that includes who you are, what you want to talk about and how the owner can contact you.

• If you are calling the bank or lender be sure to have a detailed plan of how you wish to handle the short sale and what you are prepared to offer. Be sure you know what points you want to go over with the bank official, pre foreclosure or mortgage officer and be prepared to ask for a face to face meeting to work out the details.

• Be open and honest with the homeowner. If you are an investor, detail your experience in helping out homeowners in buying their homes while in foreclosure. If the homeowner knows you have experience, they will likely be more comfortable with the process.

• Always leave the homeowner with contact information. This helps the homeowner feel comfortable that they are working with a real person, not some heartless and distance investment company.

• You may not want to start out the discussion with the price you want to pay for the home. Finding out about the owner's anticipated or desired price, getting an opportunity to see the interior of the house and find out the particulars of the owner's financial position are all important before providing a number.

Following a few simple pre foreclosure telephone tips from investors can make your cold call list much less challenging plus you will find out you are able to communicate and connect better with homeowners.


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What Is A Pre Foreclosure 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 ...

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More than 30% of US homeowners with mortgages are underwater - GlobalPost


More than 30% of US homeowners with mortgages are underwater
GlobalPost
A pre-foreclosure sign in front of a home in Miami on Sept. 16, 2010. (Joe Raedle/Getty Images) Real estate website Zillow reports that the percentage of US homeowners with mortgages who owe more than their homes are worth was 31.4 percent in the first ...

and more »

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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 ...
GreenPath Debt Solutions Takes Part In Government Housing Counseling StudySacramento Bee

all 14 news articles »

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Hunting for property in pre-foreclosure - Washington Post


Hunting for property in pre-foreclosure
Washington Post
Is there a report that I can find or buy that shows pre-foreclosures? A: Congratulations on selling your home so quickly. We have been hearing that in some neighborhoods across the country — even in Georgia — home buyers are starting to make offers ...

and more »

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Public weighs in on foreclosure panel's ideas - WJBC News


Public weighs in on foreclosure panel's ideas
WJBC News
One of the high court panel's subcommittees has drafted 14 proposed recommendations for foreclosure mediation and mandatory preforeclosure loss mitigation. Ideas include providing housing counseling as part of the mediation process and several ways to ...

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