When To Pursue?

bryanihrke profile photo

I am trying to figure out the best time to let a prospect know I can help them avoid foreclosure. Below our my options.

1. When some one first files bankruptcy
2. When there property has been lifted from the protcection of bankruptcy
3. When they file for bankruptcy to avoid a set sheriffs sale date
4. When there bankruptcy has been dismissed due to failure of payment to plan.

What are the pros and cons for approaching a client during any of these phases?

Comments(2)

  • TheShortSalePro30th November, 2004

    Shorts are predicated upon the as-is, fair market value... not what it may be worth after repairs are performed.

    Your offer can only be measured/evaluated if you can ascertain the as-is, FMV.

  • roccodawg30th November, 2004

    Understood.....that's the rehabber in me. That being said, I believe I can influence the BPO in around 42-43K without too much difficulty.

    Any thoughts on the rest of the post?

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