OfflineCan anyone send me a copy of their "pre-foreclosure" letter(s) as samples? I am in the process of making multiple offers on "pre-foreclosure" properties, however, I would like to send the owner(s) letters, prior to any live contact. I need these letters ASAP!!! Thanks so FAM.... U are the greatest!!!
Oh, I forgot... can u send me sample copies of "short sale" letters to the banks as well. I have several of these I want to make offers on ... Thanks again.
Note: pls don't tell to me just write one liners to these customers, I do not believe this would demonstrate our professionalism as investors. Thanks for your time!!!
__________________
COMPANY NAME HERE
“The Problem Solvers”
Behind on payments? Foreclosure pending? WE CAN HELP!!
Dear Property Owner,
Did you know that over 90% of the people who attempt to stop foreclosure on their own, get foreclosed on. DON’T LOSE YOUR HOME, CREDIT, OR STABILITY. Let (YOUR COMPANY NAME) assist you with the following solutions:
• PURCHASE YOUR HOME
• PAY OFF YOUR MORTGAGE
• HELP YOU REBUILD YOUR CREDIT – FREE! *
• HAVE YOU BE A HOMEOWNER AGAIN - IN LESS THAN 12 MONTHS!!!
• ASSIST IN RELOCATING YOUR FAMILY!
• PAY TO MOVE YOUR FAMILY!
Save your family, credit and stability. Call (your company name) for an appointment. We will gladly meet with you and assist you in the program that best fits your needs – for FREE! Contact (your name) at (your phone #) to set an appointment.
*No fees necessary. Program participation required. Free Service!
Respectfully Submitted,
Your name
Your phone #
Wealth2009,this is one that I use.I hope this will help you.
THERE IS MONEY TO BE MADE BUT NOT IF YOU KEEP SPINNING YOUR WHEELS,AFRAID TO MOVE FORWARD.JUST DO IT AND DONT LOOK BACK.AT SOME POINT YOU HAVE TO TAKE YOUR CHANCES AND PROCEED.
Royprncss:
What does your sample letter mean by "program participation required"?
Here is my sample of a preforeclosure letter: Feel free to rip.
My name is _______________, and if you are nearing default, I can have immediate access to funds that can help save your credit and save you from potential tax penalties.
I understand how a person can suffer a temporary financial set-back due to the loss of a job, illness, or other unforeseen circumstances. Not having the ability to make mortgage payments on your house and the prospect of losing your home is a traumatic experience. The greatest heartbreak comes from having to move out from the home you and your family love. I can give you a real option.
As you probably know, a foreclosure on your credit report will destroy your credit for many years. I can help you save your credit and your reputation as well.
You are probably not aware, but there are also new tax laws in effect that can haunt you even after you are no longer in your home. I can save you from potential IRS repercussions.
Because I have funds available, I can usually act in 48 hours or less! You can call me anytime day or night at _____________.
Warmest Regards,
Your Name Here
Happy Mailing!
Jenny
“The Problem Solvers”
Behind on payments? Foreclosure pending? WE CAN HELP!!
Dear Property Owner,
Did you know that over 90% of the people who attempt to stop foreclosure on their own, get foreclosed on. DON’T LOSE YOUR HOME, CREDIT, OR STABILITY. Let (YOUR COMPANY NAME) assist you with the following solutions:
• PURCHASE YOUR HOME
• PAY OFF YOUR MORTGAGE
• HELP YOU REBUILD YOUR CREDIT – FREE! *
• HAVE YOU BE A HOMEOWNER AGAIN - IN LESS THAN 12 MONTHS!!!
• ASSIST IN RELOCATING YOUR FAMILY!
• PAY TO MOVE YOUR FAMILY!
Save your family, credit and stability. Call (your company name) for an appointment. We will gladly meet with you and assist you in the program that best fits your needs – for FREE! Contact (your name) at (your phone #) to set an appointment.
*No fees necessary. Program participation required. Free Service!
Respectfully Submitted,
Your name
Your phone #
Wealth2009,this is one that I use.I hope this will help you.
Hey Royprncss, thank u so much for this letter... It looks simple, short and solution-focused!!!! That's my motto: Solution-Focused.... Again, thanks so much.. If I can assist U in any way, please PM or email: jenkinsmhg@**** and I will do my best to support in any way I can... Shalom!
What does your sample letter mean by "program participation required"?
Here is my sample of a preforeclosure letter: Feel free to rip.
My name is _______________, and if you are nearing default, I can have immediate access to funds that can help save your credit and save you from potential tax penalties.
I understand how a person can suffer a temporary financial set-back due to the loss of a job, illness, or other unforeseen circumstances. Not having the ability to make mortgage payments on your house and the prospect of losing your home is a traumatic experience. The greatest heartbreak comes from having to move out from the home you and your family love. I can give you a real option.
As you probably know, a foreclosure on your credit report will destroy your credit for many years. I can help you save your credit and your reputation as well.
You are probably not aware, but there are also new tax laws in effect that can haunt you even after you are no longer in your home. I can save you from potential IRS repercussions.
Because I have funds available, I can usually act in 48 hours or less! You can call me anytime day or night at _____________.
Warmest Regards,
Your Name Here
Happy Mailing!
Jenny
Hi Jenny, If U don't mind I probably can offer a some critiquing.... The letter makes multiple "assumptions" re: the homeowners situation (ie., tax penalties, loss of job, illness, etc). U might want to stay very general when making these types of claims (just my thots)... Also, saying a foreclosure will "destroy" their credit for many years and ... u can save their reputation is just alittle presumptuous. I might be rather "offended" if I read this letter. Lastly, your latter portion the letter appears to sound like a "scare" tactic (ie., the word "haunt" or "IRS")
U see I am only sharing this with U because I received letters in my mailbox just like these when I lost my first home back in 2001, then received another NOD (Notice of Default) in 2008 with more letters coming through my mailbox. So, I was foreclosured on in 2001, because of shear "ignorance" on my part and just about received another foreclosure in 2008, but the Lord was gracious and allowed the lender to modify our loan with a 5.7% interest/30 yr fixed.... I unfortunately continue to suffer from multiple medical problems totally related to the "negligence" my former physician totally out of my control!!!! This was the reason behind the 2008 potential foreclosure....
So, it's personal to me .... these people are VERY VULNERABLE at the outset and sometimes they just need someone to assume some understanding. That is why I am determined to follow the "Solution-Focused" model, which places the energy on finding a means to resolve their issue(s), even if the end result is they remain in their home!!! It's not just about the $$$$$$$$$$$$$$$ for me, but it's about assisting humankind!!!!
Forgive me if I sound rather "preachy", but I believe we have an opportunity in this profession to make change in the lives of people and I want to do my part as President B. Obama admonished the nation of his official day!!!!
If you are able to get to a homeowner before the house goes to the banks, you might be able to help them out using one of these letters. However, with the Shortsale, the bank has final decision making on what the property will sell for, not the home owner, so you would really need to present a package to the bank, stating your offer price, how you determined it and proof of how you are funding your PC. Assignments of contracts are normally not accepted with Short Sales, Forclosures and ReO.
Mati
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