Updated over 7 years ago on . Most recent reply
Cold calling pre-foreclosure properties?
I would like some feedback on the best practice to cold-calling pre-foreclosure lists. I recently purchased a list and want to start calling these properties. Should I say to the property owner that I am aware that they are in foreclosure? This may sound like a crazy question but I was wondering if I could get some ideas, a script or some advice on what to say. Sorry I am a newbie! Thanks for any advice.
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We’ve been doing this for years. The biggest thing is to know your state specific laws. Be honest and direct. We usually say “this is so-and-so from so-and-so company we noticed on the public record that your lender has filed an order of notice on your property” ( or whatever document starts the foreclosure process in your state). Be prepared to get screamed out hung up on etc. These sellers are the most difficult to deal with. I like to give him several options. Short sale carousel retail sale etc. pay for moving costs all that stuff. Come from a place of helping them and you’ll get some good deals out of it. What state are you in?
- Robbie Reutzel