Yellow letters

[Porter Rappleye]

I read a lot of these forum posts mentioning people sending out yellow letters. What is the best way to generate affective lists for yellow letters? In particular I'm looking for a list of absentee owners but I'm not sure how to come up with that list. Any help is appreciated!

[Shane Foster]

If you plan to market to absentee owners be prepared to have lousy results (depending on your market's competitiveness). Every guru pushes this list because it's so easy to acquire and take action. We find that they are getting smashed with direct mail. Does not mean it's worth a shot, but if you're on limited resources I'd focus on my one of these list that we have success. You'll see a common theme, it requires you to preform work. There are a few list brokers for each list.

1. Probate- get from county or state (just google what court handles these cases and call to find out)

2. Evictions

3. 2 or more years late on taxes, then run it through my software to find the vacants. Find who handles your the taxes and then file a Right To Know (if applicable)

4 60, 90 days late on mortgage

5. Notice of default (foreclosure).. constantly stay in their ear , from start to finish.

6. discharged/dismissed bankruptcy cases (get from pacer)

7.Tax lien sale- published in legal news papers when auctions come up

8. Divorce- get from court

9. 25+ years owned or more for owner occupants with equity (list-source)

10. Code Violations

11. Vacant properties (drive for dollars)

12. absentee owners 3-5 years owned (most landlords sale after the first 2 years, and with prices climbing its a perfect list)

13. inherited properties: some states do not require heirs to go through probate if the will was recorded prior to death. these properties are sold through under a special deed

14. Expired listings.