How to market to owners who have received a NOD (Notice of Default)?

[Robert M.]

I have been using yellow letters to market to absentee owners and I want to expand my direct mail marketing campaign to owners who have been missing payments and have received a Notice of Default as I believe there is more motivation to sell.

I have been using traditional yellow letter message, "Hi I am Robert and I want to buy your house quickly for cash". Would this strategy work on owners who might have a looming foreclose in the near future? What should I include in my letter to market to these people?