What's up, dear group? This week I will bring the second part of the post "Fruit of Foreclosures" from before…
Original publication date on the United States Real Estate Forum on Facebook:
2018-12-26T13:28:21+0000
What's going on, an expensive group?
This week I will bring the second part of the post "Fruit of Foreclosures" from about a week ago.
So we understood how the process works, what is the first warning about non-payment (notis of dipole) and what is the last warning (notis of sale), we understood where we will locate the information and what it will include (address and identifying details of owner and lender).
Today we will go over the usual ways to contact these people and promote the information to close a deal.
Before I begin I will touch the point many of you have turned to me: Where is the Public Records? What is Public Records?
Public Records:
Public Records is not a place but an expression of everything that is recorded in the archives and open to the general public; Relevant documents can be found in the relevant courts that have handled or are handling the above case or online (depending on the district and depending on what we are looking for). In order to issue direct alerts, you must access the archive ("County Recorders Office" or "County Clarks Office") and ask to be directed to the relevant files.
It is important to note: there are more organized and less organized archives. Searching archives in the archive requires knowledge and time.
An important addition to the previous article is that the website "Zillow" also provides information about the fruit foreclosures (address and type of note received).
Now let's continue. So we found the nutrissim and we have an address. What now? Speed is the key to closing the deal.
Mail campaign:
The most common and most common method for preecluchery.
In a mail campaign, we'll create a list of addresses and owners of recently acquired properties. Personally, I turn to anyone who received two weeks ago and a month ago and to anyone whose address was set for sale two weeks and another month. I will formulate the letter in a simple and clear manner, not as a large company or as a threatening investor but as a private person who wants to buy a house in cash and pay all the costs of closing and mediating.
An example of two versions of letters (short and long):
http://bit.ly/2RYKgkG – קצר
http://bit.ly/2RYam7i – ארוך
The letters were sent regularly to the new recipients.
In addition, at least another letter has been sent to those who have already received a letter from us (it is recommended that 3-4 letters be sent to the owners within two weeks of each letter).
There are many companies that offer mail campaign services at a reasonable cost of about $ 0.5 - $ 1 per letter.
Advantages: Beyond the establishment itself, there is no constant preoccupation with incoming calls and not active actions.
Disadvantages: relatively low conversion and long time to results.
From address to phone:
Another common method is to convert your mail to a phone number. The first option is independent through existing sites such as: Yellow pages, Google, Beenverfied.com.
Another option is to find a company or a private person who is dealing with the subject. Faber is an excellent platform for the subject
That's when the name of the alternative you're looking for is skip tracing.
After you have received the details, you must call, give an excuse such as "I call all the owners of the houses in the neighborhood" and see if he wants to sell the house. Try to push to the meeting after receiving all the initial information about the property (I will refer to the meeting itself next week).
Disadvantages: Requires a lot of time - phones, follow-up, work with other providers.
Advantages: Higher conversion due to outgoing and non-incoming calls and our proactive push to action rather than passive reliance on the seller who sees the letter and phone calls.
Knocking on the door:
Do we have an address? Do we have a name? Why get involved and not just knock on the door? A very common tool for locating property owners in the foreclosure process. Here, too, one must start with the excuse of how you came to them, and as soon as possible one must move on to Tekel's: Selling the house? (They do not know you know about their mortgage status) The meeting itself will be discussed next week, but sensitivity and assertiveness are the name of the game.
There are a few more ways to contact people after receiving the records, but these are the main ones.
Next week: From a meeting to closing a contract with the seller and the lender. What to watch out for? What should I check? Also, general tips on how to deal with Peri Proclosher properties.
Link to the original post on the United States Real Estate Forum on Facebook - Works on a desktop computer:
http://bit.ly/2RYxJ0P
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
Dear Michael Post, I am very interested in the cause. Thank you very much for the detailed explanation
Miriam Schory
Thank you very much Michael waiting for the rest
Alon Sumagin managed to find it through the pictures, hoping it would work https://www.facebook.com/photo.php?fbid=10161054141580527&set=g.1885945295012997&type=1&theater&ifg=1
Is there a status to get a link to the first post ??
Really really interesting and gives me a lot of thought and ideas on how to do things.
Thank you !!
Hi Michael. Thanks for the excellent post. It is certainly interesting to hear how this is happening behind the scenes. As an American, I get a lot of these letters home. If I was interested in selling, I would definitely call, so distressed homeowners can see it as a solution. ✔️? ✔️