preforclosure purchase letter ANY SUGGSTIONS?

[Sean Dougherty]

Hello all. So I am trying out this preforclosure venture. Done a lot of research. Found all the listings in my area and have written each of them. Here is the first letter I wrote. I got about 5% response rate so far after 7 days.

attn: OWNERS NAME OWNERS ADDRESS PROPERY LOCATION

Dear ________________

Hello, my name is --------------. I am a local resident here in ----------- for the last decade. I am an honest, private, small time, local investor. I am not a real-estate agent or with a large company. I am contacting you because I have interest in purchasing your home located at “---------------.” Through county records I was able to see that your home may be at risk of being repossessed or auctioned. Please forgive me if this is not the case or if the default has already been resolved. I am not fully aware of your situation. But I wanted to simply let you know that I am interested in purchasing your home. I offer all cash, simple, quick, efficient transactions that could relieve what debt you may owe and also avoid forclosure. If you have any interest or would just like to talk over details please feel free to respond. I am happy to answer any questions. I would only offer a solution that would be beneficial for both of us. I am not a scammer.

Disregard this letter if it is not applicable or you have no interest. Please forgive me if this letter is at all invasive or insensitive. I understand you may be in a difficult situation.

Aloha and good luck. Sincerely,_____________ NAME, PHN # AND EMAIL ADDRESS

I am working with those who have responded but wanted to continue to contact those who have not. Here is the second letter I have drafted but not sent yet.

OWNERS NAME ADDRESS & PROPERTY LOCTION

Dear Mr ________

Hello, I had sent you a letter a week or so ago in regards to my interest in your home. I thought I would follow up with another letter. I can imagine that being faced with possibility of forclosure is a difficult situation to be in. I’m sorry. I am respectful of your privacy but I simply want to express my interest and provide you with some options. Please give me a few minutes of your time.

I am an honest local investor and again I am very respectful of others and their hardships. I would not pressure you on any matter or scam you into any transaction. If anything I would just like to share with you some of my knowledge in regards to the benefits of avoiding the forclosure of your home.

Obviously the ideal solution is for you to cure the default and keep your home. Depending on your situation I may also be able to point you in that direction. Yet if that is not possible, your next best option is to sell your home before it is repossessed.

Very briefly let me explain the advantages of selling your home before it is forclosed:

-By selling, your lender usually forgives your entire debt and back payments, regardless of what home sells for.

-Only minimal damage to your credit occurs because lender agrees to a settlement.

-Bank or buyer may even offer you “moving funds” and you can walk away debt free with money in your pocket for a fresh start.

- Whereas if your home is forclosed there will be a default judgement against you for the full amount owed. That debt will follow you until it is repayed and your credit will be severely damaged.

Although each individual case may differ, these are general guidelines. Selling a home before it is lost to forclousre is a no brainer. I can offer all cash transactions and close deals quickly and efficiently. Please give me a call, even if it is just to talk and get more information. And again please forgive any invasiveness or insensitivity on my part. I hope my offer can benefit you, if not, I completely understand and wish you good luck with whatever route you may take.

Sincerely,------------ NAME AND PHN NUMBER AND EMAIL ADDRESS