I Have Listing Of Pre-foreclosures But Homeowners In Default Won't Talk.
What should I do? I have left messages on their phones, left cards at homes, even was able to see a homeowner, but this one homeowner said he was not having any problems with payments. The listing showed he was 10 months behind and the cure date. I don't leave cards or messages stating that I know they are behind with payments. I say, I can bring their payments current and can refinance or buy their property. Is this not the way to approach the homeowners in default? :-?
The key is you need to deal with a motivated seller and this one is not.
Your only other approach if you want to deal with the homeowner is a hard approach.
This is how I approach them in this case:
I understand you do not want to sell but let me share with you your options:
Your home is listed to foreclosed on (date)
I have the option to help you out if you will let me!
I have the option to purchase at the foreclosure sale and you will be without any cash or a home.
Another investor may purchase and you will be without any cash or a home.
The foreclosure will go on your credit records.
All this may be avoided if you let me try and help you.
If this fails simply go to the next deal.
It sounds to me like the problem is not motivated sellers as any one in foreclosure is motivated you just need to know what will motivate them and this can only be open dialog.
I would suggest getting a recorder and record you self during this process and see how you sound and continue to make adjustments until you hit pay dirt.
Happy investing.
[addsig]