Posted by dewCO on October 31, 2000 at 22:57:50:
See the other posts below on preforcl. contact and responses from owners.
As for the second question, yes they might discount, you dn’t know until you negotiate. Also, check out the PACTrust at cal-equity.com. You can get and hold properties with little or no equity and make them work.
Approaching Sellers in foreclosure - Posted by hw
Posted by hw on October 31, 2000 at 11:20:51:
Can anyone tell me the best way to approach a seller in foreclosure so that I can begin the negotiation process. I do not want to be brushed off or alienate them seeing how they are already going through a traumatic experience.
Secondly, most of the sellers I am locating are facing strict foreclosure meaning that there is not any equity. How can I get a deal out of this. Will the note holder reduce their note in exchange for a payoff? I need your advice asap. Dying to get my feet wet!!!