Situation: I have postcards made and I don't want to spend a ton of money mailing them out every month.

I got some data leads from List Source on Absentee Owners who had equity and ordered about 1800 letters from Yellowletter.com, which cost me about $2300, and also sent out 1400 post cards. 

I used list source to get my data and then Vista print to print my postcards.

For the next round, we are going to try postcards or making our own letters that look like an official notice.

Then next in line you have realty industry, the "realtors"..they have torn these people apart with letter postcards etc..., an now after all the filter then comes you the 3rd line of contact...these people are already worn down, and drained, they are frustrated and super angry...Now the 2nd and most important factor with Pre-Forclosures are that they are HEAVILY protected by state laws, that can end you with a lawsuit you'd spend the rest of your life paying off, Because of all the mortgage fraud thats happend to cause the housing bubble to pop most states(especially CA) have super strict rules on how to contact someone in this situation, and the right type of verbage to use.

I sent out some postcards last week from a list of absentee owners that I have, I got a call today from one person so far.

Hi BP,Is anyone doing direct marketing with postcards or yellow letters in the Chicago suburbs, specifically North Shore suburbs. 

Ideas of the top of my head include:- Email campaigns targeting "for rent" properties on Craigslist- Bandit signs in areas which I know have lots of multi-units- Cheap direct mail like post cards to owners addressesAll of these ideas would be cheap or free, and I feel would be relatively easy to implement. 

Get the address of the home owner and send out a letter, or a post card stating that you want to buy their property.

@Andru Sexton I have rebogateway and yes you'll pull a list of your preferred criteria and you could have write them or just download a handwritten font and mail merge the information to a yellow letter or postcard.