approaching defaulting homeowner

Foreclosures, Short Sales, Tax Foreclosures
1

Hi fellow investors,

does anyone have any pointers on how to approach a homeowner who is in foreclosure/preforeclosure? any tips on what works when you go knocking on their door- something to put them at ease during that confrontation considering they are already stressed out?

i’ve been investing full time for 12 years (mostly rehabbing) and am changing gears a bit to focus on foreclosures and buying from homeowners in default. i am trying to figure out how to approach the homeowner. i plan to do my best to show that i am going to also help them and make it a win-win situation, but i guess i am just looking for any pointers. and if you reply, can you please say whether or not you do this and/or whether or not it has worked for you personally?

thanks in advance and happy investing!

2

I’d suggest letting the homeowners find you instead of vice-versa. This is a way of “pre-screening” the serious from the curious. Just think about it…if you were in financial crisis, do you want to listen to Joe Blow talk about a lot of confusing jargon while you contemplate selling your largest asset!!! The subtle approach seems the long way around, but the most effective in my opinion.

Dominique

3

Maybe this might help. I’m searching for info and came across this.
Watta u think.
http://www.shortsaleintensive.com/

4

shaun mcclosky is very good. a lot of info comes from him on
reiplace.com; he is on the board fairly often & answers our questions
for us. lots of info on that site & it’s free . harriet(fl) :smile