This is a rough draft (depending on criticisms and/or suggestions to make it better) of a letter I intend to leave leaning against early in foreclosure homes. The reason I say "leaning" is because I saw a video on youtube today that suggested putting a letter in a USPS provided Express Mail envelope ( 9.5" x 12.5" cardboard) and writing the target house owners name and address in the address location on the envelope as if it was left there by the USPS. I plan on having Dear Mr. John Doe, at the start and hand signing each letter. I'm undecided as to wether or not I should include a business card in the envelope or provide one when people contact me to meet in person. I'm thinking this letter would also be my mailer letter that would go out in a normal envelope.

I am planning on starting a direct mailing campaign in the near future and probably need to draft letters for absentee owners and probates. I am not an in your face kind of guy and my letter may or may not reflect that.

Any and all comments or suggestions would be much appreciated ..... Here it is!

My name is Steve Gregory and I am in the business of helping people who are facing foreclosure escape with as little emotional and financial damage as possible. I am not a Realtor, and any and all discussions we may have regarding your house or anything at all will remain completely confidential and discreet. I’ve had my share of financial difficulties in the past and was able to salvage my self-respect and dignity even though it was hard at the time and I wasn’t sure how things would work out.

I am not a big corporation and when you call me to discuss your situation I will not “push” anything. I will explain your options and do an informal Foreclosure Prevention Analysis based on you and your homes situation and let you decide what is best for you!

When facing foreclosure, here are some things you need to consider:

If you are three or more payments behind, the mortgage company has probably already begun the foreclosure process.

If possible stay in your home. That will show your lender you want to help resolve the situation instead of running away from the problem.

If you stop the process prior to foreclosure, it may be possible to re-establish your credit thru credit repair and purchase another property through companies that sell to folks just like yourself.

Once it gets to an attorney you loose all chances to communicate with your lender about your case. Make sure that you do not let it get to that point because additional administration fees and penalties start accruing. This is in addition to the normal mortgage payment.

Most of the time, these are your options:

Come up with the cash to “catch-up” on missed payments, attorney fees, court costs, etc. and have the foreclosure on your home dismissed in court

Sell your house to an investor for cash who will stop the foreclosure process. Usually, minimal equity in the home will be realized by you in this transaction

Sell your house to a retail buyer. This can help you retain more of the equity, but has to done quickly!

Sell your house through a “short sale”. Only works before or shortly after the foreclosure has begun.

Find someone to “take over payments” on your existing loan…. This is called a “subject to” transaction and can be a good option in some instances

In ALL cases, taking action is what you need to do, and stopping the foreclosure before it’s too late will benefit you in the long run. …………….So, give me a call and let’s explore your options now, before it’s too late……

Sincerely,

STEVE GREGORY

WEB: WWW.STEVEGBUYSHOUSES.COM

EMAIL: [email protected]

(918) 231-3331

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