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Author Topic: Short Sale deals  (Read 3232 times)

Offline jpetrucci

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Short Sale deals
« on: September 23, 2011, 02:11:43 pm »
Who has an effective marketing system for pre-foreclosures.  How many letter do you send? how often and what type of mailing do you use?

Offline allisonables

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    • Gainesville homes for sale
Re: Short Sale deals
« Reply #1 on: October 25, 2011, 10:59:07 am »
Many people tend to be really offended at this type of mailing, especially if it's repeat. There are many strategies for getting names and addresses - mainly watching for new lis pedens in public records. Florida is great because we have a law that all counties must put public records online and not charge for access. Other states aren't so lucky. There's many third party data services that will provide the info for you.

Offline Real Estate Seller

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Re: Short Sale deals
« Reply #2 on: October 29, 2011, 10:11:45 pm »
We get pre-fourclosure list from the banks.
I am the king of short sales.

Offline uptowno

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Re: Short Sale deals
« Reply #3 on: November 19, 2011, 08:01:31 pm »
I know this is an old thread but how do you get PRE-Foreclosure list from the banks

Offline Real Estate Seller

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Re: Short Sale deals
« Reply #4 on: November 19, 2011, 08:04:37 pm »
Banks will release the pre-foreclosure list to cash buyers.
I am the king of short sales.

Offline uptowno

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Re: Short Sale deals
« Reply #5 on: November 19, 2011, 09:04:52 pm »
Now how do I let them know I'm a cash buyer or how do they build their list up.

Thanks in advance

Offline Real Estate Seller

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Re: Short Sale deals
« Reply #6 on: November 19, 2011, 09:10:41 pm »
Banks don't build a list they have the list. If you show the banks your bank statement that you have funds you will get their attention.
I am the king of short sales.

Offline jass

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Re: Short Sale deals
« Reply #7 on: December 17, 2011, 03:40:50 am »
A Short Sale is when a bank accepts a discounted or a lower payoff than the actual mortgage amount

Offline MichaelQuarles

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Re: Short Sale deals
« Reply #8 on: December 17, 2011, 12:15:04 pm »
Who has an effective marketing system for pre-foreclosures.  How many letter do you send? how often and what type of mailing do you use?

IMHO in today's market of mass marketing to both Lis Pens and NOD lists due to their ease of use and low cost membership I find that the Mortgage Late Data 60-119 days lates works well.

One of the three CBs update each Monday therefor you can market to a very fresh list and because there is a cost associated to the use which is more expensive than the Lis Pen and NOD list it has less use and thus the call response is both greater as well as better call conversion.

As to number of mailers.

I send one on the day I receive the list, one at 30 days and one at 60 days and then I am done marketing that prospect address.

The first letter is a Simple Yellow Letter, The second is a little more complex yellow Letter, although not hugely complex and the third is a post card.

www.YellowLetters.com... Handwritten letters at an affordable cost.

 




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