Posted by Stacy (AZ) on April 16, 2000 at 23:47:20:
The preforeclosures I’ve done really have gotten to my heart. There’s a dominant theme of “there before the grace of God go I” in every one of them. These folks have gotten themselves into a jam, and their choices are to allow the foreclosure, or to allow me to come in and stop it. With me they will probably get some money for their home and keep their credit history from showing the long-lasting effects of a foreclosure. Do I help them beyond what the foreclosing lender offers? You better believe it.
Now, just to be completely above board, I agree that there are predatory investors out there. One of my current deals is a preforclosure, and a few days after I started working with the borrowers, they received a letter from a vulture that contained bold-faced lies in an effort to scare the borrowers into selling. I was able to expose the deception for my sellers and ease their minds. But, I’ve never heard such low-handed tactics supported on this newsgroup.