Pre-Forclosure Successes? - Posted by Lew, CA

Posted by Stephanus on April 25, 2000 at 18:54:06:

Hi Jim,

Quick question from a newbie here:
What course explain on what to write on these postcard.

Pre-Forclosure Successes? - Posted by Lew, CA

Posted by Lew, CA on April 24, 2000 at 20:27:07:

Is any one out there having any success in purchasing properties from sellers who have recently gone into default? Ive been mailing out letters of interest but have not had any responses yet…

All the Time - Posted by Bill K. (AZ)

Posted by Bill K. (AZ) on April 25, 2000 at 24:23:39:


My partner and I concentrate on preforeclosures exclusively. By the way, we are both full-time investors. So, this can be lucrative.

Before I found my partner, my first deal was a preforeclosure as well. Take a look at this URL for the details:

I hope this helps.

Bill K. (AZ)

Re: Pre-Forclosure Successes? - Posted by Jim IL

Posted by Jim IL on April 24, 2000 at 23:14:06:

I too have done the mail out thing.
I have purchased some homes from the mailings.
I did however have to mail out MANY post cards and letters to get a few responses.
How many did you mail out?
When did you mail them out?
I figure on about a 10%-15% response rate, and then some of those you will buy, others you will not.
This is a numbers game after all.
And, many times when you make mailings, even repeated ones, the sellers will not call you for months.
I am signing one up on Thursday that I first contacted almost 6 months ago.
Follow up us important with this type of marketing.

But, if you mail out 5000 mailings, then you should be able to get at least 2-3 deals from there, and more as you become more experienced and learn better how to handle sellers.

Good luck, and keep us posted,
Jim IL