Post cards to people on NOD list

Foreclosures, Short Sales, Tax Foreclosures
1

Wanted people’s opinion.
Is it better to send a plain white post card that has no graphics on it or have a colored one with pictures?

Anyone have better response rates using the colored ones?

thanks,
Joseph

2

I send flourescent color cards with just text . The response rate varies. I just got a call from someone I sent a postcard in June.

3

Flourescent ! Cool! That should get their attention!

4

Is the response good using postcards?

A couple years ago when I was trying to get started originally on NOD’s, I chose to send out actual letters. I felt that the letter was a little more personal and would lead to a more relaxed response from the delinquent buyer.

I had sent out only 3 letters and actually got to meet with one of them. The deal didn’t go through because they wouldn’t let me access the garage (looked to be a drug setup) when I walked the property with them.

BUT, if the response is good with postcards I will definitely look at doing that as the cost is far less!

5

I get a good response 2-3 % . I also send out letters. I request address correction on my postcards and when they return to me with the forwarded address i will send out a letters. I get a better response and it saves on the postage.

6

That makes alot of sense, particularly with absentee owners. I think I will try that. :wink:

7

what do you put on the post card to request the forwarded address?

Joseph

8

I put Address Services Requested on the postcard above the homeowners name. There is a .70 cent charge for each one but I get the forwarding address of the homeowner if its not expired. If its expired i get the postcard back as return mail.

Tony

9

I’ve sent out 170+ hand addressed letters immediately to people with a lis pendens just recorded within a week or two, and have had zero (0%) response. Getting a little frustrate feeling like I’m throwing money away on postage (not to mention the hours of letter stuffing ::slight_smile: I am trying to go for the personal touch, but it’s not working so far. Am I too impatient?

What coorespondence seems to get the best response? Should I switch to post cards? Profession looking letters? ???

10

Remember…That chances of getting a homeowner in foreclosure to open a letter isn’t good( considering they get a lot of bill and demands for payment in plain envelopes). I use postcards because even if its thrown away they will look at the contents before hand.

Tony

11

Hi all

is there an easy way to gather the info. on LP?? or do you have to go throught each one to get there address?? i can access
the courthouse online info. but it would seem to take a long time
to have to go throught each one. thank,s

12

what is LP?

13

As to gathering info on Lis Pendens:

In the counties I’ve been working in South NJ there is no easy way to get just Lis Pendens info without paying for it through a service. And them it seems the data you get is already outdated.

I’ve been going to the courthouse once each week and looking up the Lis Pendens filed during the past week. From those I select the properties in my target areas that look promising (those properties with mortgages a couple years old) and send them a letter.

I’ve just started this process and haven’t gotten any responses yet. I’m still developing my system and expect to send a series of letters as the forclosure aproaches.

JMD

14

I never realized when I started investing in Real Estate that my profession would actually be “a marketing manager”

Here is my Resume ready?

Experiance:
Finding Distressed Homeowners
Proficient in letter Stuffing
Creative Flyers and Letters
Database Management

Proficient in:
Word
Excel
Telephone pole climbing

Hang in there TJ