Need Advice - Letter To Pre Foreclosures
Trying to get the letter right. How does this look for a simple to the point letter?
Re: Stop the foreclosure process!
Dear Homeowner:
Don’t let your house go into foreclosure. I am interested in helping you stop the foreclosure process and getting you out of this situation by purchasing your house. I am prepared to make an ALL CA$H offer to you for your house.
I am not a realtor. I will not list your house but I will purchase it from you for cash. I am a local area investor that purchases houses. I will provide you with a fair and equitable cash offer for your home.
Many others in your situation have walked away from their houses with no money and no way to start over. Let me provide you with the cash to start over. Stop the foreclosure process today before it goes any further. Let me pay you cash for your house.
You may be in the process of correcting this problem, if not, please consider talking to me about alternatives.
Call me today for a free no obligation review of your house. Sometimes I can make you the cash offer right on the phone and get the cash in your hands sooner.
Please allow me to help you resolve your problem. Just pick up the phone TODAY and call me.
Get Your CA$H TODAY!
I'm a newbie, but that sounds like a real good letter to me. Do you mind if I use it?
With the number of times you mentioned "cash", I'm sure you will get many responses. Afterall, cash is king. Good job. Might want to compare that one with the freebies' one to see if you need to add or delete anything.
good letter. BUT if it were me, i'd focus more on the idea of 'relieving them of the mark on thier credit and stopping the mortgage payments' more so than stressing offering cash. this may limit what you can work them for, once u make contact. if they call expecting cash only and u find that they have no equity and are behind $5K on payments, u may find it's not worth giving cash - even if the home itself is still a deal!
i hope i was clear. sometimes i babble a bit. of course this is just my opinion - u should still get plenty of response.
It's a good letter but, real estate is a people buisness. Try taking everything you said in the letter and going to the front door with it. Your Success would be plentiful!!
My 2 cents..
Focus on solving there "problem" if that is behind on payments facing foreclosure, bad credit mark, etc.. Talk about there problem and that you can fix it. Forget about "cash" in pfl's, so to say.. Homes on the market (fsbos/mls listings) are the ones where owners are thinking "cash"/"want cash"/"need cash"..
PFL's the owners are only thinking how can we get out from under this or get caught up on it.. And only the first choice, get out from under it is what owners can realistically do.
As for another point, letters are good, but on propertys that really interest you, after you drive them. Attempt to talk to the owner in person and hammer out a deal!!
I personally drive all propertys I'm interested in, this is after I've pulled assessment info and thus know taxes, features, appx. value, existing liens (mortgages are recorded at the recorders office), etc..
So my interest is then seeing the property and then I know if it has profit for me and is something I'm interested in buying. Then I try to find and meet with the owners and get an offer accepted..
This is a people business, and I'm a people person, I do well talking with people in person.. That is when and the ONLY time that you close deals, in person..
My babble, hope it helps.. Good luck..
Chris
I have since changed it based upon some feedback here and other places.
I understand your house is possibly going into foreclosure. I would like to help you stop this process. You might have already received other letters offering help, I’m not suggesting bankruptcy, nor am I going to ask you to list your house with a realtor, we don't have time for that.
I am a local investor who, if you contact me right away, may be able to help you. Don't walk away from your home with nothing like so many others do, call me and I'll do my best to help you. I’ll help you work on stopping the foreclosure and get you started on the road to recovery.
Time is very important and we need to act fast. You may be in the process of correcting this problem, if not, please consider talking to me about alternatives. Call and spend just 10 minutes with me to see what I can do for you.
You can reach me any time at (XXX) xxx-xxxx or visit my web site www.xxxxxx.com.