urchasing distressed position forefront in your mind.
properties during the Keep in mind that he is likely
pre-foreclosure phase of besieged by phone calls from
legal action is a great idea for creditors and will likely view
real estate investors. During you with more than a little
this time, you can work directly skepticism.
with the homeowner and this saves
Since the homeowner is likely
you a great deal of headaches, screening his calls, you might
hassles, and legal red tape. This find it difficult to get in touch
is the only time during the with him. You could start the
foreclosure process that you can buying pre-foreclosures process
inspect the property freely, make by contacting the homeowner by
an offer, and close the deal much mail. Letters are less
like you would in a traditional threatening, and if they are
real estate transaction. But worded the right way may get you
unlike a traditional sale, buying an appointment with the
pre-foreclosures allows you to homeowner.
purchase property significantly
Follow these letter-writing
under value. guidelines for buying
Once you have located a good pre-foreclosures:
property investment that is being
• Make sure the envelope is
foreclosed upon, you will need to nicely hand written so it looks
contact the homeowner to begin personal and not like another
negotiations. This is the bill collector. Letters that are
toughest part of buying too professional looking may also
pre-foreclosures because emotions be a turn off. If you want the
are very high at this point in stressed-out homeowner to even
the homeowner’s life. Your first open your letter, it must look
contact should be made delicately non-threatening.
with the homeowner’s vulnerable
• Word your letter in a
friendly way that makes the face-to-face. While this sounds
homeowner feel like you are daunting, it is by far the best
trying to help him. Outline way to close the most deals.
exactly what you can do for the Learn how to approach the
homeowner. When buying homeowner during this time, and
pre-foreclosures it is common for how to get them to work with you,
the investor to pay off the loan and you will get far more
and give the homeowner a little deals.
cash to pay off some other
bills.
trick, but only begin these as align="center">
follow up to mail
correspondence.
Once you have made contact type="text/javascript">
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About the Author:
Chris Thomas is a real estate investor and author of the best selling ebook "Dominate Preforeclosures," which teaches you how to acquire property in pre-foreclosure with a successful, proven way to approach homeowners and get the deal at http://www.dominatepreforeclosures.com
Article Tags: contact, homeowner, preforeclosures
