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Updated over 11 years ago on . Most recent reply

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Justin Davis
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4
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stacy Kellams meter drop method

Justin Davis
Posted

Hello,

I was wondering if anyone has any thoughts of the meter drop method by Stacy Kellams. It looks interesting, wanted to check it out here first.

Thanks!

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,349
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13,451
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Here's how it usually goes. Homeowner/borrower gets into financial trouble of some sort and misses mortgage/loan payments. Lender starts foreclosure proceedings. Homeowner/borrower does not want to leave (or lose) the house, so after exhausting alternatives (sometimes not even trying alternatives) they file for bankruptcy. Those that want to stay won't be responsive to the bankruptcy marketing - it is going to mean selling, and they aren't (yet) interested in that.

Ones who have struggled in bankruptcy - trying to make payments on the amounts due to the bankruptcy trustee and trying to stay current on other payments - those eventually become more motivated, after they have tired of the struggle.

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