Welcome to Pre Foreclosure Guide
What Is Pre Foreclosure Lender Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Pre Foreclosure Scripts : Telephone Talk For Investors
from:When you have entered the world of real estate investment, either as a full or part time job or opportunity, it is important to have a series of pre foreclosure scripts. Telephone talk outlines and checklists are essential both when you are talking to the homeowner as well as when you are talking to the bank or lender and discussing or negotiating a short sale. These pre foreclosure scripts, telephone talk outlines or checklists should be developed well in advance and reviewed to ensure that you have included everything that you need to cover in the phone conversation. Nothing will irritate either a homeowner or a lender more than having repeated calls from the same investor to keep filling in information missed when there are no pre foreclosure scripts. Telephone talk outlines can be found on the internet or in investment courses, however they can also be developed with a bit of thought and consideration.
To develop your own personalized pre foreclosure scripts, telephone talk outlines or phone checklists consider the following key elements:
• Include a space for the property physical address and location, the name of the current homeowner and the name of the lending company
• Keep a space or blank line where you can write in the loan or foreclosure officers name and direct line phone number. This will help you be able to call them back and address them by name during the conversation.
• Provide a short two to three sentence blurb about yourself and your experience as an investor. Banks and lenders do want to know who they are dealing with and what their current level of knowledge is about the process.
• If you have dealt with a loans officer from the particular lender before, be sure to mention this in your introduction or script. A great idea is to leave blanks in the script, print it out and fill in the blanks with the relevant information before and during the call.
• Provide the information that you may already have on the home including the owners hardship situation, the property's market value and the price at which you are willing to start negotiations.
• Include a list of questions you may wish to address directly to the lender regarding the short sale process or the documentation required to start the short sale.
Practice your pre foreclosure scripts, telephone talk outlines and checklists to make sure they sound natural and not like you are reading off a page. Keep in mind that you need to be flexible and respond to the person on the other end of the line, not just follow along with the script if they are asking questions or providing further information.
What Is Pre Foreclosure Lender Specific links
What Is Pre Foreclosure Lender News
Hunting for property in pre-foreclosure - Washington Post
Hunting for property in pre-foreclosure Washington Post If you have spied a property that you believe will go into foreclosure but hasn't yet, you can look up the name of the lender through title records. You can contact the lender directly to see if the home has been put into foreclosure and is available ... |
Public weighs in on foreclosure panel's ideas - WJBC News
Public weighs in on foreclosure panel's ideas WJBC News ... 14 proposed recommendations for foreclosure mediation and mandatory preforeclosure loss mitigation. Ideas include providing housing counseling as part of the mediation process and several ways to boost transparency between lenders and borrowers. |
CredAbility Supports HUD Studies on Housing Counseling - MarketWatch (press release)
CredAbility Supports HUD Studies on Housing Counseling MarketWatch (press release) Both the pre-purchase counseling and foreclosure counseling studies enrolled clients in the fall of 2009 and early 2010. HUD found that 35 percent of participants became homeowners within 18 months of pre-purchase counseling and only one of those ... GreenPath Debt Solutions Takes Part In Government Housing Counseling Study |
5 plead guilty to $431G mortgage fraud scheme - Dailyrecord.com
5 plead guilty to $431G mortgage fraud scheme Dailyrecord.com A short sale is a pre-foreclosure sale where the mortgage-holder agrees to let a home be sold for less than the amount due on the loan. The sale never occurred. DiGiacomo, who posed as the attorney for the buyer and Leska, told Kondaur the sale fell ... Madison Lawyer Admits Role in Buying Home in Dead Man's Name |
Owner of American Home Recovery Guilty in Connection with a Foreclosure ... - LoanSafe
Owner of American Home Recovery Guilty in Connection with a Foreclosure ... LoanSafe ... all within a short timeframe; (2) AHR would return the up-front fees if it did not succeed in getting the homeowners the mortgage modifications they desired; (3) the homeowners had been “pre-approved” for mortgage modifications by their lenders; ... |