I went through the public records and did a mass mailing to all the Lis Pendins folks. It was tedious because I had to find their name on the Lis Pendis then look up their address in the county tax record database...very slow.
I got 1 call yesterday from a lady who said "my lawyer is handling it" and it was a misunderstanding. I managed to get her phone number out of her and I will call her again if the house goes to FJ and then foreclosure.
Another caller told me that her sister was in really bad health and living in the house and was stuck on not giving the house up. She said she has pulled money out of her truck to make the mortgage right but that she had no way to pay the mortgage down the road since her disability check had been cut. I told her I would talk to the bank for her and see if they would negotiate reduced payments for a while. Either way, I have an in with her and hopefully I can work something. She has a mortgage for 55K I could assume but I think they would want some money out of me for the deal once I show them there is no way she can keep the property. I know the house could sell for 110-135K easily in my market.
I put my email address on my letter and got an email from someone who said thier lawyer had "reinstated the mortgage" but he still emailed me to find out what I was all about and told me not to waste his time. I wonder why he would have even bothered me if his house was fine???...I have his email address and will watch his situation as well and hit him up as soon as JF is filed.
I sent these letters out Tuesday AM and was receiving feedback by Wednesday PM. Out of 70 letters sent, I have three responses. That is 4.3% response rate so far! Not too shabby.
While non of these have generated a deal yet, I am talking to people and getting my name out there...its all about networking.
More to come...
~joshua
PS Can you tell I am excited?
