Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 15 years ago on . Most recent reply

User Stats

212
Posts
8
Votes
Dee Xixi
  • Real Estate Investor
  • waltham, MA
8
Votes |
212
Posts

Pre foreclosure advise from investor to home owner

Dee Xixi
  • Real Estate Investor
  • waltham, MA
Posted

Hi All,
Today I have to meet with 3 different home owners on offering my service and advice for Short Sale. Any advise on how to keep the conversation? what to say and not to say? what jind of documents I need from them.
Thanks for your advice!!!

Most Popular Reply

User Stats

742
Posts
463
Votes
James Ward
  • Real Estate Investor
  • Ocala, FL
463
Votes |
742
Posts
James Ward
  • Real Estate Investor
  • Ocala, FL
Replied

I kind of do things a little different.

When we have a potential property owner call our office we talk to them about the situation and what they are looking to get out of the deal. From there we tell them all about ourselves and what we look to accomplish from each transaction. We then spend time answering questions about what/ when/ why/ who about short sales. If the property owner is interested we set an appointment to review the property. Once we overlook the property and it falls into our business plan, we also have performed research at the office, we give the property owner a list of the required paperwork. We explain a little about each item and why the Lender will want to review each item. We then leave our business card and tell the property owner to call our office when all the paperwork has been compiled. Once/ If they ever call, we go collect the paperwork, fill out the contract, fill out the addenda to contract, answer any questions, and then start the process.

This is how we do it in a nutshell.

Loading replies...