Marketing letter How did you finance this deal?

I am thinking about sending letters to home owners who are in a pre-foreclosure situation in the state  of Pa. 

What I did was send "good will" letters to all the creditors I wronged (didn't pay) during my early college years.

Interest only, say a five ten year balloon and no prepayment penalty.WIth your other properties encumbered you can buy new properties and then assign the needed collateral and release the other.Now, there is a scam type deal out there that has an agreement where a borrower can substitute collateral at will, at their whim and on any property they choose, very dangerous!

Tim Exactly right Tim, the judges follow the law in a very conservative manner, it to the letter and obviously you never had a bureaucrat take you to court in Springfield, Mo, because you'd lose, if you end up going to court there might be a compromise, but no one walks out the way they walked in!

No more than 100 a month,so we use letters instead.

The bank is currently offering 20% down, 300 basis over prime with a 6.75% floor on a 20 year amortization and a 5 year balloon.

Have an attorney write a letter to the condo association "refreshing" the concept that if the condo goes to foreclosure they will get nothing, so they better accept $xx today or you (as the buyer) will cancel the deal and the foreclosure is on xx date.

Yesterday, I received two letters from my credit union regarding two mortgages that I have with them.

I think it has merit and potential.Remember for real estate agents when NAR would send a letter and you electronically sign and then tens of thousands of letters go to Congress etc on a specific issue NAR is fighting?