Especially if its amounts for like 1200 or less, could be easy money once they recieve a letter from an attorney talking about initiating the foreclosure process.

If you aren't local, you'll be hiring an attorney each time, a letter for me costs $250.   

The note balloons in 7 years and the owner may renew.

I have been trying to break into the residential space on my own by driving for dollars, knocking on doors, sending letters, and cold-calling lists of vacant, pre-foreclosure, and tax-delinquent properties.

I'm getting a TON of unwanted letters & phone calls for my vacant lot and wonder, since its highly sought after, would building a home first offer more profit. 

A friend recently received a cease and desist letter for naming their sauna biz too close to a large regional player.

Partner with a builder and split the final sales price based on value difference before and after the buildingLower the price enough to not lose the property when the balloon comes due?

I am printing letters today to start mailing to homeowners of distressed properties.

You will need neighbor letters from adjacent properties informing them what you are doing.

I received a document called "Completion and Acceptance Letter."