Pre-foreclosures

Foreclosures, Short Sales, Tax Foreclosures
21

Thank, thank, thank!!!

I have another newbie question. I was at the county clerks office today and was checking out abandonments. If it’s already recorded that property is abandoned, can the person who left it still sell it? Who now is the owner once it gets that far?

Dang…I had another question and it popped out of my head :-\

22

No, they don’t own it any more either the bank does, or the tax dept. in either case you check the computer at the clerks office under leins.

23

Write out your marketing letter, (form letter is fine for the template, but personalize it and sign in blue ink), put it a hand written-addressed #10 envelope with a stamp. Invest 3-4 bucks on a stamp (Red Ink) and stamp CHECK ENCLOSED askew on the front of the envelope. Sit back and field telephone calls. What is the CHECK ENCLOSED stamped on for? 2 reasons:

  1. To get the phone to ring, which should be the sole purpose of any marketing letter.
  2. Show them that you can get them a check by deeding the home to you.
    Another variation of this that I’ve used to great benefit is actually enclosing a check made out to them for $2,000 and stamping a big red VOID over the face of it. Beleieve me, it gets attention.
    Dave
24

One thing we tried and it worked in a few of the leads…was putting a stamped “In God We Trust” on the back of the envelope :slight_smile: We was surprised on how many homeowners actually saw that.

That stands out well. It can ease their minds, and once they open the letter, they realize that there are some people out there who aren’t vultures and trying to take whatever pride they have left. I basically put down what we can hopefully do and just be honest about what you’re doing in this business. I’ve had homeowners get p.o. because when I offer to help them move out of the home, and perhaps offer to pay their first month’s rent on a new place (their choice, as long as it’s reasonable, and I’m not paying for a castle :)…if you offer something to them, even if it’s a little cash, you’d be surprise on how quick they are ready to move on.

Hope this helps

25

You can go onto your tax assessor’s website and look up all the info on the property at your convenience, online, anytime.

Does your county have a website? You can go on:

http://www.netronline.com/

Their site has all the states and you just click on the property’s state and go from there.

26

Thanks for all the info everyone it has been really helpful.