Notice Of Deficiency
I have the notice of deficiencies for my area - what's my next step to secure a property that I'm interested in?
Is there an SOP or do I call the owner direct?
Suggestions or past experience is appreciated.
Perhaps, "delinquencies" or "defaults"... I'm not familar with lists of deficiencies...
If you are in possession of a list of homeowners whose mortgages are subject to foreclosure, and you wish to do business with them... you'll have to initiate contact with them.
Thank you for your response. Any suggestions or prior experience on how to approach owners?
To approach distressed homeowners you should have a platform.... like a politician. You can't simply say, "Vote for me cause I'm the greatest" and expect to be taken seriously.
Politicians (or their handlers) develop a strategy designed to gain trust, and imply that their program/policy/appraoch is better than all others.
"I can do this/that for you!"
What's that mean?
That means that you must develop a business plan as to what you want to do, and what you are able to do for/with/to these people.
Experience will teach you how to react in a given situation. To prepare, learn about the acquisition techniques that interest you. Learn about the foreclosure process in your market area, learn about how bankruptcy impacts upon foreclosure... in short... become informed.