Home > Blog > Targeting Pre-Foreclosures

Targeting Pre-Foreclosures

Posted on May 31, 2013

In your real estate investing courses, I am sure that you have learned about the niche in pre-foreclosures. Pre-foreclosures are when the bank has filed with the county a notice of default (NOD), but the house has not gone to sale yet. The homeowners are usually at least 60 days late on their mortgage, and many of them have given up and are just waiting for the sale to take place. These are some of the most motivated sellers out there. Imagine having to choose between losing everything and getting a black mark on your credit, or selling your house for much less than it is worth and getting to walk away free and clear. Some investors, myself included, will even negotiate with the owner for them to receive much of their equity back --if the numbers allow it. Let's say we have a house that has an ARV of $500,000. The homeowner only owes $150,000 but he lost his job, is in distress, and doesn't know how to handle selling his house before a foreclosure. You offer to purchase the house at $300,000 and it only costs you $80,000 in rehabbing costs. Now, this is an ideal situation, but I think you can see where this is going. These cases do happen where the investor AND the homeowner walk away VERY happy.

Other advantages to the pre-foreclosure market:

1. Focusing on one type of distressed sellers helps you to create better marketing plans and goals. When you can directly relate to people going through pre-foreclosure, your chances of getting deals are better.

2. You won't be wasting your time talking to sellers who aren't motivated. I can't imagine that there would be many people going through foreclosure that aren't motivated.

3. There can be a lot of equity in these homes. If there is not, discounted loans can be negotiated for your benefit since these notes are in default (AKA Short Sale).

4. You are truly helping these people who are going through many hardships at this time. You can offer your support and guidance as well. Many of the homeowners probably just want someone to listen to them and their story. People like to feel important, but these homeowners may feel at the bottom of the dumps right now. Just giving them a little time to show them that you care can be invaluable. Take a minute and put yourself in their shoes. How would you feel if you were losing your house?

Now remember, statistics show that the homeowners do not respond to letters that they receive only once. You must be mailing them something at least every 21 days for them to remember who you are and what you are offering. They may throw away the first 3 or 4 letters you send, so be consistent. When they do decide to try and sell their house, you want to be the last person who has contacted them and the first person that comes to their mind.

Next you need to know how to get access to these homeowners. The article below will explain how to get these lists.

How to Find Foreclosure and Pre-Foreclosure Listings by Joshua Dorkin

Comments

Posted by mayvangund on
rosette@d.bali-traveller.com
Posted by mayvangundy4167216 on
rosette@d.bali-traveller.com
Posted by rondamessn on
carlota@a.brainboostingsupplements.org
Posted by daleneeven on
juliana@d.gsasearchenginerankersocialser.com
Posted by lupitabarc on
juliana@d.gsasearchenginerankersocialser.com
Posted by ofvkirk45 on
beverlee@f.gsasearchenginerankersocialser.com
Posted by ofvkirk45 on
beverlee@f.gsasearchenginerankersocialser.com
Posted by lashawndag on
iesha@f.bali-traveller.com
Posted by carmonrzf on
carlota@a.brainboostingsupplements.org
Posted by tiffanyc62 on
carlota@a.brainboostingsupplements.org
Posted by williemaet on
rosette@d.bali-traveller.com
Posted by setht5927 on
carlota@a.brainboostingsupplements.org
Posted by lulakibble on
carlota@a.brainboostingsupplements.org
Posted by williemaet on
rosette@d.bali-traveller.com
Posted by williemaet on
rosette@d.bali-traveller.com
Posted by timx376853 on
iesha@f.bali-traveller.com
Posted by cerysplayf on
juliana@d.gsasearchenginerankersocialser.com
Posted by arletteurg on
beverlee@f.gsasearchenginerankersocialser.com
Posted by williemaet on
rosette@d.bali-traveller.com
Posted by otiliajone on
beverlee@f.gsasearchenginerankersocialser.com
Posted by rochellkil on
carlota@a.brainboostingsupplements.org
Posted by otiliajone on
beverlee@f.gsasearchenginerankersocialser.com
Posted by otiliajone on
beverlee@f.gsasearchenginerankersocialser.com
Posted by juliana255 on
juliana@d.gsasearchenginerankersocialser.com
Posted by raymundoli on
iesha@f.bali-traveller.com
Posted by louannekol on
carlota@a.brainboostingsupplements.org
Posted by charlotte8 on
juliana@d.gsasearchenginerankersocialser.com
Posted by michelinez on
carlota@a.brainboostingsupplements.org
Posted by cortneyush on
rosette@d.bali-traveller.com
Posted by charlotte8 on
juliana@d.gsasearchenginerankersocialser.com
Posted by kathy5171 on
iesha@f.bali-traveller.com
Posted by lenoreocho on
ahmad@f.unisexjewelry.org
Posted by Otelreusy on
Недорогой отель Владимирский находится рядом с центром Нижнего Новгорода. Ближайшая станция метро Ленинская находится в 640 м от гостиницы, что позволяет попасть в центр города за 10-15 минут. Гостиница располагается в Нижнем Новгороде рядом с ЖД вокзалом.
http://vladimir-otel.ru - Отель Нижний Новгород
Posted by hassanwalt on
jovitanadeau@wazabi.club
Posted by hassanwalt on
jovitanadeau@wazabi.club
Posted by rainawinds on
jovitanadeau@wazabi.club
Posted by gretchento on
marketing4@idnpoker.link
Posted by DavidGof on
One shouldered dress would be a come back in 2010 hip hop clothing fashions in your wardrobe..5 percent from a year earlier, edging down from 7. [url=http://www.wholesalenfljerseyscheapstore.com/]Wholesale Cheap Jerseys[/url]. In fact, it is a growing industry with things such as sports betting services being made available to people who partake in it.[url=http://www.wholesalenfljerseyscheapstore.com/]Wholesale Jerseys From China[/url]. A very good principle when contemplating this type of cover would be to contemplate what could happen to your fiscal budget if you are all of a sudden not able to earn money? In the event the response is that you will get in considerable difficulties, then trauma policy may be a really good plan.C.[url=http://www.wholesalenfljerseyscheapstore.com/]Wholesale Jerseys China Outlet[/url].The base will be in the red cliff region of Da Qaidam (also known as Dachaidan) district in the MongolianTibetan autonomous prefecture of Haixi, the academy said.The second concept is the idea of an open element air filter.Turkey also called on Baghdad and Erbil to resolve the dispute through "dialogue" and conduct ties based on constitution and justice.”Wu cites as a positive example of the tourist complex Xintiandi, which many preservationists dislike because shikumen (stonegated) neighborhoods were razed, a few attractive buildings were gutted, renovated, preserved and turned into trendy establishments.Industrial output also softened due to tighter environmental rules, rising 6.S.Visit my site:http://www.wholesalenfljerseyscheapstore.com/
Posted by 더킹카지노 on
Don your luck and get ready to gamble inside the casinos of USA with VEA agency.
With all the betting sites and tipsters on the market, there isn't
any reason you ought to ever place a bad bet again. They allow one to
both deposit and withdraw the winning amount from the site in a very safe, secure and fast manner. https://xn--oi2ba146au9b8utjhk.com
Posted by Dermavix Anti Aging Formula on
This is a topic which is near to my heart... Take care!
Exactly where are your contact details though? http://www.forumprint.ru/user/OtiliaBernays19/
Posted by merlingaun on
ella.romanova.60@mail.ru
Posted by willisepp on
ella.romanova.60@mail.ru
Posted by willisepp on
ella.romanova.60@mail.ru
Posted by martiosbur on
rusya.gerasimova.01@mail.ru
Posted by arield7259474748 on
krystynarey6265@last-chance.pro
Posted by arield7259474748 on
krystynarey6265@last-chance.pro
Posted by eqizujeh on
http://doxycycline-cheapbuy.site/ - doxycycline-cheapbuy.site.ankor onlinebuycytotec.site.ankor
Posted by Richardjanda on
Последние мировые новости здесь [url=http://www.planetoday.ru/]www.planetoday.ru[/url]
Posted by DanielRetle on
Свежие кулинарные рецепты тут [url=http://cakeblog.su/]cakeblog.su[/url]
Posted by brunoheil5 on
nelli.soloveva.2016@bk.ru
Posted by brunoheil547647570 on
nelli.soloveva.2016@bk.ru
Posted by brunoheil547647570 on
nelli.soloveva.2016@bk.ru
Posted by Claytonen on
сериал Бонус 2018смотреть онлайн все серии подряд

https://bitly.com/2OVEs9l
https://bitly.com/2OUdDCm
https://bitly.com/2NE7sgY
https://bitly.com/2IRHG8l
https://bitly.com/2CbJU0U
https://bitly.com/2CHHLvh
https://bitly.com/2RJp8es
https://bitly.com/2EfDy3f
https://bitly.com/2A6M3tv
https://bitly.com/2OOIws3
https://bitly.com/2QOqHqq
Posted by jamellindt on
william.young4056@theblogster.pw
Posted by jamellindt8237521 on
william.young4056@theblogster.pw
Posted by jamellindt8237521 on
william.young4056@theblogster.pw
Posted by StephenNuall on
Looking for [url=http://ii-casino-online.com]online casino[/url]?Check out top free [url=http://www.i-online-casino.org/]casino online[/url] bonus offers at [url=http://www.i-online-casino.org/Slotocash-Casino.html]casino[/url]
Posted by ixucevaxik on
[url=http://doxycycline-cheapbuy.site/]doxycycline-cheapbuy.site.ankor[/url] onlinebuycytotec.site.ankor
Posted by MopakeEreds on
Сейчас главным средством связи считается телефон. С помощью мобильных гаджетов люди не только разговариваются, но и используют интернет. Бывают и такие ситуации, когда телефоны ломаются и их необходимо чинить. Случается дилемма по поводу того, где оптимально отремонтировать гаджет. Если вам нужен ремонт айфона или ремонт гаджетов Samsung, оптимально перейти к нам на сайт.

На mmt-service.ru вам починят устройство. Если вас заинтересовал быстрый ремонт и [url=https://mmt-service.ru/remont-telefonov/xiaomi/xiaomi-mi-pro/]Ремонт Xiaomi mi pro[/url] , вы можете быстро обращаться в сервис MMT-Service. Менеджеры компании работают в рабочее время и смогут починить любой телефон очень быстро. Стоит также подчеркнуть и факт того, что сотрудники устанавливают оригинальные детали. Если таких нет, специалисты заказывают их в компанию. Невероятно много мужчин получают и дополнительные скидки вовремя ремонтных работ или другие бонусы.

Сервис ремонтирует старые телефоны. Если вам нужен ремонт Meizu устройств, а так же [url=https://mmt-service.ru/remont-telefonov/samsung/samsung-galaxy-a5-2016/]Ремонт Samsung A5 2016[/url] , обращаться вам надо по телефону +7-(812)-985-82-12, где вас проинформируют. Сотрудники организации являются талантливыми специалистами, и они смогут отремонтировать даже самое сложное устройство. Бывают ситуации, когда другие СЦ отказывают править ваше устройство. Основное преимущество компании MMT-Service в том, что они не откажут в ремонте и смогут устранить трудности любой сложности.

Организация сможет починить также и мобильники других моделей. Если вам нужен будет ремонт Huwei, специалисты сервиса могут моментально отремонтировать любую модель. Мастера фирмы имеют колоссальный опыт в работе с техникой Huwei и заменят экран при необходимости очень быстро.

Менеджеры проходят регулярно курсы повышения квалификации и повышают свои навыки и знания ежегодно. Они разбираются в разных системных и технических вопросах. Именно по этой причине с фирмой сегодня сотрудничают не только официальные поставщики запчастей, но и крупные корпорации. Сегодня в фирму обратилось уже более 12.000 клиентов и все они остались довольны услугами сервиса.

Service работает в Санкт-Петербурге по адресу Энгельса 139/21 ТК Шувалово, 2й этаж, секция С-10, или Санкт-Петербург, Трамвайный проспект, 17/2, ТЦ Нарва, Секция 51. Вы также можете прийти по адресу Санкт-Петербург, пл. Александра Невского, 2Е, вход с набережной, 5й подъезд, где вам окажут помощь с ремонтными работами.
Leave a Reply



(Your email will not be publicly displayed.)


Captcha Code

Click the image to see another captcha.


Archives

2013