Pre-foreclosure outreach means reaching homeowners who have fallen behind on their mortgage, after a notice of default but before the auction, and buying their property before they lose it, then profiting by reselling or renting it.
Log in to followI priced out three ways to get notice-of-default leads in the two counties I can drive and the spread is bigger than I expected. Paid platform with daily pulls: about 129 a month,…
Standing rule in most of the training I've read is that you never reference how you found the owner and you never put their foreclosure in the first line. Lead with help, let them…
Two counties, roughly 310 new default filings a month between them. I pulled the last 90 days to see what a real campaign would cost me. Five touches at about 1.10 a piece is 5.50…
Sat with an owner at 27 days to the sale, motivated, no hostility, and I had a one page purchase agreement in the folder with a ten day diligence out. I didn't pull it out. Went h…
I pulled 14 notice-of-default leads in one county over five weeks and ran every one twice, once to a rent number and once to a resale number. On rents, at a 7.9 percent gross yiel…
Third call this month where the owner clearly did not know their servicer had a loss mitigation department. One of them had roughly 11k of arrears against something like 140k of e…