Pre Foreclosure Guide

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The Home Owner's Guide to Real Estate Short Sales: A Comprehensive Guide to Help You Avoid Foreclosure Using A Real Estate Short Sale (Paperback) newly tagged "pre-foreclosure"

The Home Owner's Guide to Real Estate Short Sales: A Comprehensive Guide to Help You Avoid Foreclosure Using A Real Estate Short Sale
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Cashing in on Pre-foreclosures and Short Sales: A Real Estate Investor's Guide to Making a Fortune Even in a Down Market (Paperback) newly tagged "pre-foreclosure"

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Short-Sale Pre-Foreclosure Investing: How to Buy
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Foreclosure Self-Defense For Dummies (Paperback) newly tagged "pre-foreclosure"

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Pre Foreclosure Refinance Article

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Pre Foreclosure Telephone Tips From The Pros

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Investors and buyers that are experienced in buying houses and properties on short sales all have a wide variety of pre foreclosure telephone tips that they use to get the homeowner's attention and get them interesting in working with the investor. If you don't use the pre foreclosure telephone tips you may still find a homeowner that wants to sell to you, but using these tips will greatly increase your chances.

The key to keep in mind when using the pre foreclosure telephone tips provided below is to be genuine and considerate of the difficult situation that the homeowner is currently in. Tone of voice and ability to relate to the owner is almost as important as the words that you use, and this is one of the most critical of the pre foreclosure telephone tips provided by successful investors.

Other equally important pre foreclosure telephone tips include:

• Avoid calling homeowners at specific times such as during meals, immediately after work when people are trying to relax, early in the morning when families are all busy getting off to school and work or late in the evenings. Consider the best time to be between 7-9 pm or in the afternoons on the weekends or holidays.

• If you get an answering machine leave a message, don't just hang up. Most people will have caller ID and will assume you are either a salesperson or some type of debt call, so just plan to leave a simple message that includes who you are, what you want to talk about and how the owner can contact you.

• If you are calling the bank or lender be sure to have a detailed plan of how you wish to handle the short sale and what you are prepared to offer. Be sure you know what points you want to go over with the bank official, pre foreclosure or mortgage officer and be prepared to ask for a face to face meeting to work out the details.

• Be open and honest with the homeowner. If you are an investor, detail your experience in helping out homeowners in buying their homes while in foreclosure. If the homeowner knows you have experience, they will likely be more comfortable with the process.

• Always leave the homeowner with contact information. This helps the homeowner feel comfortable that they are working with a real person, not some heartless and distance investment company.

• You may not want to start out the discussion with the price you want to pay for the home. Finding out about the owner's anticipated or desired price, getting an opportunity to see the interior of the house and find out the particulars of the owner's financial position are all important before providing a number.

Following a few simple pre foreclosure telephone tips from investors can make your cold call list much less challenging plus you will find out you are able to communicate and connect better with homeowners.


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Pre Foreclosure Refinance Specific links

Pre Foreclosure Refinance News

Realtors(R) Offer Support for Bill to Help Responsible Homeowners Refinance - MarketWatch (press release)


OregonLive.com

Realtors(R) Offer Support for Bill to Help Responsible Homeowners Refinance
MarketWatch (press release)
Refinancing into more affordable mortgages will also go a long way to helping homeowners avoid foreclosure and aid in the recovery of Fannie Mae and Freddie Mac, he said. Veissi said that while Fannie Mae and Freddie Mac have recently made improvements ...
Mortgage Relief – Without the CatchPolitic365
BofA May Turn Profit on Mortgage Buybacks, Credit Suisse SaysBusinessWeek
Mortgage rates hit 4th straight record lowOCRegister
Home Channel News
all 278 news articles »

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Malloy Announces Plans for CT's Share of Foreclosure Settlement - Patch.com


Mortgage Rates & Trends

Malloy Announces Plans for CT's Share of Foreclosure Settlement
Patch.com
The settlement, which was announced on February, will provide an estimated $119 million in loan modification and refinancing relief to the state's homeowners, an estimated $7.3 million to foreclosure victims and $28.1 million in payments to the state ...
Allocation of Mortgage Settlement FundsLoanSafe
Conn. officials outline spending of mortgage moneyBusinessWeek
Settlement dollars fund TN mortgage assistanceJackson Sun

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Foreclosures reach lowest level since 2007 - CBS News


CBS News

Foreclosures reach lowest level since 2007
CBS News
"Our preliminary first-quarter sales data shows that pre-foreclosure sales -- typically short sales -- are on pace to outnumber sales of bank-owned properties during the quarter in California, Arizona, and 10 other states." In late 2011 and early 2012, ...

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Housing recovery underway as home prices, sales show strong gains - WFMJ


Housing recovery underway as home prices, sales show strong gains
WFMJ
A lot of homeowners with underwater mortgages would like to refinance, but they don't qualify for HARP. Do they have other options?More >> A lot of homeowners with underwater mortgages would like to refinance, but they don't qualify for HARP (the ...

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Preventing foreclosure the focus of seminars - The Desert Sun


Preventing foreclosure the focus of seminars
The Desert Sun
Many financially stressed homeowners in the Coachella Valley are exploring loan refinancing that could significantly reduce their monthly principal and payments — enough so they can stay in their homes. “Our goal is foreclosure prevention, ...

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