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Updated over 2 years ago, 08/09/2022
Subject To Letters without violating SEC licensing laws
Hi BP community. I am looking through public records and planning to reach out to pre-foreclosure homeowners, but I want to be careful in my language since offering help and advice on their foreclosure situation is federally regulated.
Questions:
-- Thoughts on my sample message below? Advice to tailor it without tailoring it.. too much?
-- I don't think I can get into the options I see for them in this letter, correct? (short sale, let me wholesale, subject to deal)
-- When can I discuss something like a subject-to deal without being in violation of federal laws around assisting someone in preforeclosure?
Thanks!
Hello TKTKTK,
I am interested in buying your property, and this doesn’t mean you have to vacate the property either. I am a buy-and-hold real estate investor interested in your area and your property specifically. If you want to talk more and see if our goals align, please call me at TKTKTK.
Hope to speak with you soon,
Ally H.