Results after 20 - Posted by John
Posted by John on July 08, 2003 at 11:19:03:
Things are looking up, I actually presented an offer to a pre-foreclosure on the morning of the fourth of July! We are $20K apart, but it is possible they will come back to me in the end. There is 90 days to go on this one. (I truly had a superior understanding of the lien amounts and overall condition and needed repairs on this home, then the seller or their attorney.) Truth is almost always stranger then fiction
So Sunday, I drive out to 2 pre-foreclosures that I am working. One is a new one with a some what limited time to go. I have never meet the seller until now and my conversation was mostly listening and understanding their situation. Since I am in sales, I could really feel that I was very close to making a deal with them, but I am not going to be pushy. (I have their unlisted telephone number now ). The numbers on this deal would be so ridiculously and ludicrously in my favor, that I can’t even talk about it. Well lets say 45% LTV after all hard money fees and costs and maybe 6 months of prepaid interest. But, I am feeling the real KEY is not about the numbers, it is about helping a home owner solve a problem. This business is kind of a reverse sale?
Question: should I follow up one time a week with them, just to let them know that I am here. I would sure hate to hear the words we did the deal with someone else, which at this point is not likely. They are kind of my friends now, maybe I should send a follow up letter? Or just call one time a week. The end is about 40 days away.
Thanks again for all the great advice and help in here, this site is wonderful :).