HELP! Whats my next step
I know this sounds silly, but here goes...
I am a Realtor who luckily works with over 30 banks/asset managers. So basically, I get the first heads up to pre-forclosures. I would like to approach them, but as a realtor, I don't want to do anything illegal. Whats the best approach for me? Letters, knock on the door? Any help is appreciated.
SherryP,
Glad to meet you.
I do not think you would doing anything illegal if you approach these people.
Your Board of Realtors would be best suited to answer this question, to see if you are violating any of their rules concerning Realtors.
I know a Realtor who's wife is a private investor, they work together without violating any rules. I don't know your marital status but this is one option.
If you have the determination then knocking on the door is a very old but effective approach, most people do not have the motivation to do this. I would use direct mail as the next best thing, make sure you have the correct copy in your message. Remember you are dealing with people who have a problem, no need to rub their noses in it. Your message should be that you truly want to help them.
Then if you have more houses than you can handle I would contact some private investors, turn the leads over to them for a birddog fee. Please make sure they are ethical and knowlegdable investors. No one expects you do it for free.
John $Cash$ Locke
Hi John,
Glad to meet you as well. Thanks for the info, I unfortunately dont have a better half to fall back on to help with this endeavor. Some say I'm better off (haha) Anyways, mailing sounds like a great first step, where can I find "sample" letters or ideas of what to say as to not offend people. Thaks again!
Sherry
Sherry,
I have a post card that has worked well for me, doing Subject To's but it is suited for pre forclousure also, with your permission I will e-mail it to you.
I will need your e-mail address if this is OK.
John $Cash$ Locke
Sherry,
I just went to your web site and saw your picture, will you marry me.
$Cash$
OOOO...I can't wait to get it...please send to sherrypalmer@homesnewengland.com
or if thats too long...
mlssherry@aol.com
Thanks a bunch!
you make me blush!!!!
Sherry,
That was $Cash$ doing that sometimes he takes over the keyboard, he is a hard guy to control sometimes.
John
Oh OK...Thanks for the warning...I'll keep an eye out for him...LOL
good luck .. thats exactly what i want to do ... help people from forclosure here in tennessee and make a tidy profit ... i want a distressed sellers... finance company to grant me permission to buy the property but keep the mortage in the name of the original owner until we can refinance ... ill be the one making the payment s ....... until i sell but ill still be responsible and will have back up in escrow ........ any ideas ???
Jer:
Your best bet is to stay away from the lenders/banks regarding Subj-2s!
Unless you are willing to qualify + pay assumption fees+ recording fees, title insurance & hazardous etc.
This is the only way the banks/lenders will deal with you!
If they get a whiff of your intentions they'll accelerate the mortgage loan and call it due PRONTO!
Keep you intetions between you and the Seller of the property and as long as you or your new buyer/tenant pays consistently---the mortgage lender won't care where the money came from!
Hope this helps!
Derrick Ali
[addsig]
John Locke
If you dont mind I would luv to recieve that post card myself as im new to pre foreclosures and want to do pre foreclosures myself, but still need ideas on how to promote myself.
Thanks in advance.
My email if you can send it to me is
eprops@optonline.net
Best Regards,
eliteprops
eliteprops,
Thank you for asking, the the card is on the way, hope it works for you as well as it has worked for me.
John $Cash$ Locke
I'd like it too! Please send the postcard to newguy_fish@yahoo.com
Thanks!!
[ Edited by skyboy on Date 03/20/2003 ]
Hi Sherry,
Let me put my 2cents in the game of REI.
You will first need to check with your broker that you work under. Next, most states require you to disclose that you are a realtor and last but not least "INVEST".
When I deal with folks in a pre-foreclosure, I am what is called a doorknocker. Your best sells tool is yourself, if they like you, they will do business with you.
Keep in mind that most investors send letters/postcards "They are very impressed. This is why I am a Doorknocker. If I sell my self, I can then sell the deal!
My approach is simple, I do not tell them I know they are in foreclosure, and I simply tell them that I pay cash for real estate, give them my card and walk away. If they call me back or ask me to come in, I work the deal. I ask them what they need for their home, and then I ask the key question "You have such a nice home, why do you want to sell?"
If they tell me their behind in payments, I ask them to get a 30 day payoff, I ask if taxes - association and other fees are paid up, I ask if other liens are due, etc.
If they tell me that they have medical bills "this one I love". I simply tell them to get all their bills together and I start calling their creditors for discounts on their debt. Most hospitals, doctors, etc will discount debt for a settlement in full. Most hospitals are a not for profit facility and federal law requires them to write off so much debt. It's called a charity program.
Why do I do this, simply because when they see that I can reduce their medical debt from 25% to 50% or even get it forgiven in full they are simply impressed and are more willing to deal with me, since I did this without obligation to them "a freebee" and they love it.
Hope this little bit of info helps.
Well Gosh darn it John, Are you sorry you posted that about the postcard? Now everyone who read it will want one too.. just like me. So if you could.. maybe, possibly send me a copy too??? i'd greatly appreciate it. sorry to be at the end of a long line (for now that is)
Hope you are having a great thanksgiving and not getting 2 full of turkey!
Wendy
reportbroker2000@hotmail.com
Hi John can you please email me the postcard as well. jtmac18@yahoo.com.....Thank You in advance.
I'd like it too! Please send the postcard to baza1955@comcast.net
Thanks!!
Monty
Hi,
May I have a copy of your card as well.
Thanks...
Wendy
Hi John,
Could you please send me a copy of your post card.
Toiyeudoi@yahoo.com
Thank you very much.[ Edited by Toiyeudoi on Date 12/13/2002 ]
Howdy All Postcard I Would Like One Investors,
Sometimes I loose tract so if I missed you, just say so it is not on purpose. I will send it right out.
John $Cash$ Locke
Hey, John!
Can I have a copy of your postcard, too?
Please....pretty please?
[addsig]
John,
I'd like the post card if you are still in the giving spirit.
chadtrumps@ev1.net
John--I would like a copy of your post card also.
thanks, tom schober
Tom,
Glad to meet you.
I need an e-mail address to send it to, you can private e-mail me here on TCI.
Welcome on board this board, keep on posting plenty of great posters here to help you.
John $Cash$ Locke
Did someone say postcard? I'd like a copy too please. Simbajoy@bellsouth.net
Thanks,
andrea
John, you may be sorry you started this, but I would very much appreciate a copy of the postcard also! My e-mail address is rmelton552@aol.com
Thank you very much!
Can I get a copy of that card please? dondigital@hotmail.com Thanks!
Okay, I'm in line as well, if the offer still stands!
I'd like to ask for the postcard marketing technique for pre-foreclosures!
Here's my email:
Lefthandgirl01@yahoo.com
Thanks!
Sloane--
Hi John,
Can I also receive your postcard marketing technique for pre-foreclosures?
Thanks!
Sloane--
I'd like it too! Please send the postcard to: crystal.v.arnold@mail.sprint.com
Thank you..
Yes John, another request for your postcard if you don't mind. My email is below and thank you in advance.
Cheryl
Can I please get a copy of the card also? Please?
thehappyclam@aol.com
Thanks
[addsig]
Howdy John,
How about a copy of that famous Postcard.
Flafsbo@yahoo.com
Thanks
Chris-FL
P.S. If you have a letter or postcard for out of state owners help.
I'm going to do a mailing this weekend. Could you send me that card too please.
kenwhiteside@attbi.com
Thanks in advance.
Ken . . .
I'm learning so much from everyone. Please send me the postcard too. Thanks!
Send to jennifer_franco@chcsii.com
Hey John...could I take a look at your postcard too
And also a question for JohnMichael...when you said(quote)Most hospitals, doctors, etc will discount debt for a settlement in full.
Where does that money come from?I mean most homeowners in foreclosure don't have the money to pay in full..that why they're in foreclosure..and if you pay the bills...that would have to be a large equity to do that for...what's the secret?
To all who ask for the post card, it is my pleasure to send it to you.
Thank You for asking.
John $Cash$ Locke
Thank you John for the postcard..it's very well written...one question:has anyone ever taken you up on the mother-in-law deal?
John, could I also have a copy?
Thanks!
ashley.scott@mdx.com
hey, could i pls get in to get a copy of the card also? also 4 the state of florida any1 have a good source 4 lease/option paperwork? new to this game
thks
ub
ub_nice2002@yahoo.com[ Edited by ub_nice2002 on Date 01/17/2003 ]
could I please get a copy of that great post card???
audralv95@yahoo.com
cmon101,
My father in law thinks it's great that I keep her working.
John $Cash$ Locke
Could I have the copy of the postcard as well.
jmapp@cox.net
May I also have a copy of your Postcard? My e-mail address is DavisEstatesLtd@hotmail.com
Thanks in advance!
Everyones asking for the post card. So please send me one also. My email address is jesamek@ehs.com
People on this website are truly amazing. I love it when you guys joke around. It just makes REI so much more fun and alleviate all the pressure we have each day. ^^
Happy Investing!
Fuside,
The majority of the pro investors here try to help the new person by answering there questions it is a great site to learn at.
Once in the while humor should enter into the equation.
REI + Humor =
John $Cash$ Locke
Hello John...If I could too receive a copy of the post card and other suggestions you might give me if I want to focus on helping pre-foreclosure owners. Thanks.
ps. most important.... luisfhernandez@iwon.com
I know you get this question a million time, but if you could also send me a copy of the card it would be much appreciated.
asweeney25@msn.com
Thank you in advance for your reply.
asmoothie
Hi John,
Is there any chance that you are still offering hat postcard?
I would greatly appreciate it.
Thanx,
webscott22 null
Wow! I just joined the forum and guess what... I gotta ask... John, can you send me the postcard too? My email address is chaffeen@mail.com Thx!
Mr $cash$
Thanks for your guidance and patience. Would you be so kind to help out this newbie with a copy of you postcard too?
www.agt099@hotmail.com
Thank you
John,
I would like to get a copy of your postcard also.
Thanks,
Jim buyinghouses@mindspring.com
Hi John, could you please email the copy of that magical post card. thanks
Barry
merchant95@yahoo.com
Should I take a number or just have a seat? Please send it my way as well.
Thanks a million!
brandon@orealestatesolutions.com
If I could get a copy also of the postcard, I would appreciate it. menominee@skyenet.net
So many people requested this postcard...do we have any success stories out there? And, of course, I too would like a copy of the postcard.
kjjackson@excite.com
John,
Can you send me a copy of the postcard as well? Thanks in advance.
tnguyen@onebox.com
I would also appreciate a copy of your postcard that you send to "subject to" home owners.
Thank You
Jenkers
I would also appreciate a copy of your postcard that you send to "subject to" home owners.
Thank You
stsm4@juno.com Jenkers
$CASH$ ,
Could I get a copy of the card as well please?
Thanks up front
investing@attbi.com
Sabrina
[addsig]
Alright I wasn't going to do it but John you are obviously the man, maybe you could get a bird dogging fee for all of us who use your post card with success. Thanks,
Also just to let people know I called a list of NOD's yesterday probably around 30 and talked to about 7 people, not one had been contacted by anything besides mail, so just keep that in mind, I'm a rookie but maybe I can help others as I find success.
Thanks again John,
melisluv@yahoo.com
Hi John,
You must be really swamped and fingers tired. But I gotta ask.....Please add me to your request for your postcard.
Thanks a mill
hms4u@yahoo.com
Guessed right! John, another one for the postcard Please! Thanks
megadisc17@cs.com
Wow, what number am I? If you could, please send your famous p-card to jimh634@hotmail.com Thank you so much for your sirvices, sir.
Jim
Hi John,
Could you please email me your postcard?.
Many Thanks,
VicKing
Just_homes@yahoo.com
John $Cash$ Locke,
if you dont mind, would you email me the card also.
much thanks
cjs111@cox.net
John,could you please send me a copy of your postcard?? Thanks so much.
cgrace01@comcast.net
Hello everybody,
$Cash$. I hope you dont mind sending a card to look at as Im trying to get started with REI, but want to get the knowledge. Thanks. ruggedvic@aol.com
add me to the list... michael_pine@yahoo.com ... tia
Could you send me the post card too?
sanderso1019@hotmail.com
Hello Mr. John Locke,
Would u mind if you sent your famous post card this way.
Thannx,
Northwinds
vc12345@hotmail.com
John, I would also would appreciate it if you send me a copy of your postcard, greatly appreciate it. Good Luck
Fred_parra@yahoo.com
PAGE 6?! man
mr.$cash$ hope im not too late?
xakep@reizisto.net
hrm wounder what the home owner gonna think when he get 5 identical postcards from 5 differant investors
heh
gonna have to do some editing if u dont mind
thx ca$h
xakep,
Glad to meet you.
I got a returned from the postmaster, when I sent you the post card.
Please check the e-mail address you gave me.
John $Cash$ Locke
What the heck, i'll join the crowd! john can i get a copy of that postcard for the pre-forclosure!
thanks a bunch!!!!!!!!!!!
email ej655@aol.com
JohnLocke,
Nothing like peer pressure, can I get a copy of that post card too?? rjarnold@cfl.rr.com, thanks!!
Hi John,
Thanks for the offer. Would you please send me a copy of the postcard, also?
gresmi@yahoo.com
TIA.
Hi John,
Pls send me a post card to philnoblet@hotmail.com
Also what was the answer to the hospital question?
$cash$
Can I get a copy of that post card also. Please send it to tljm_2000@yahoo.com
Thank You
hey cash just wondering could you send a copy my way. thanks
mwm12@yahoo.com
I'll just have one postcard please...!
By the way, have you considered just posting what's written on the card?
I hate to break it too you but I don't think it's a secret anymore!!!
thanks-- tntmoz@ev1.net
Geez John,
Maybe you should consider "selling" your postcards? You may make more money then RE investing!!! Before you start charging, can you please send me a copy too??!!
jpupo@blueheron-associates.com
Thanks.....
Can I have that card also? Please send to THEHAPPYCLAM@AOL.COM
Would you do me the honor of sending me that postcard?
<sorry, just recently proposed>
soloindy1,
Glad to meet you.
However, you will need to tell me where to send the postcard to?
Welcome on board this board, talk soon.
John $Cash$ Locke
Could I please get a look at your postcard as well.
Thank you so much,
Joe
hartmanjr@aol.com
John - I would love to add your postcard to my growing list of "tools" As a newbie, all of you veterans on TCI have been a great resource! Thanks in advance!
Andy
matriotti@yahoo.com
Mr. John can I get a copy of that postcard Pleeeeeeeeeease
I thank you in advance for your help. I wish all investors were as helpful and non self-centered as you.
ggaf18@aol.com
gary_fajardo@yahoo.com
Thanks a million!!!!!!!!!!!!!!!!!!!!!
Gary
Could you also send me info about the postcard? Thank you.
ebony0674@yahoo.com
Quote:
On 2002-11-16 22:08, JohnLocke wrote:
Sherry,
I have a post card that has worked well for me, doing Subject To's but it is suited for pre forclousure also, with your permission I will e-mail it to you.
I will need your e-mail address if this is OK.
John $Cash$ Locke
I would also like to see a copy of your post card.
Thank you,
Sire
rapidhousebuyers@mail.com
John,
Can you send me a copy of the infamous post card? awright707@aol.com.
Thanks,
Graham
May I have the post card? So far, 2 distressed sellers have approach us, but I would like to buy faster than they are coming.
dlricks@dhr.state.ga.us
Thank you. [ Edited by dricks on Date 03/28/2003 ]
laughing at CASH...emmm wonder what you'd do if u saw me.....ahahahahha .....C
You guessed it; Could I get a copy of your post card? Here's my Email: bbowers@mckendree.edu
Cairns,
You keep teasing me telling me you are coming to Las Vegas, if there is a story to tell after you get here, I will certainly post if for everyone, with all the details.
John $Cash$ Locke
Hi John,
I would like that postcard as well if you don't mind. I'm just getting started in pre foreclosures and will take all the help I can get. HazcatGroup@aol.com
Thanks,
Taz
Hi John,
Looking for a copy of you infamous card. Please could you forward to my 'e' address. overcomers40@netscape.net.
Thanks,
Hammond
forget about the postcard....can you tell us what to say when people call ?
mikedemartino,
Glad to meet you.
Yes, I can tell you what to day when sellers call.
Hello, this is Mike.
Welcome on board this board, keep posting you will get plenty of answers to your questions.
John $Cash$ Locke
John $Cash$ Locke,
I bet you didn't expect such a deluge of requests for you post card.
I'd love to have one too if you can squeeze me in.
Thanks,
James
I woudl like to know where all you people are when we are asking questions. Do you ever post replys to anything other than to get something for free? How about lending some advice to all the good questions out there.
John, is this the same postcard thats in the freebies section?
Tim[ Edited by bgn2fsh on Date 06/22/2003 ]
To all posters with a post card fetish,
The post card is available in the Freebie Section in Green here at TCI, be my guest and thank you all for asking.
John $Cash$ Locke