Successful Foreclosure Investors Read This...!
Foreclosures are exploding. You’ve thought of trying to get into the foreclosure investing game. But you haven’t had any luck, right?
Most investors are doing it all wrong. They target people in foreclosure, which is a tiny market, new foreclosures were 0.83 percent of all home loans in the fourth quarter of ’07. About 6% of all mortgages are 30 days delinquent, but not yet in foreclosure.
It is estimated that an additional 9% of all mortgage holders, while not yet delinquent, know that they will shortly be unable to make their payments. Resetting teaser rates, job losses, medical bills, death or divorce are driving these fears.
I saw on CNN the other day a woman in Boston’s payments went from $1,300/mo to $3,100/mo. She was desperate, said she could not go on much longer as she was spending her daughter’s college funds to pay her mortgage.
Average foreclosure investors subscribe to “Foreclosure Lists,” where the ratio of investors to homeowners is 100 to 1. They send letters to people in foreclosure or even go knock on their doors, a risky step. A friend of mine had a shotgun put in his face by a homeowner who thought he was from the bank!
Successful foreclosure investors make money right away and find incredible bargains by getting people in pre-foreclosure to call them. The pre-foreclosure market, people who are in trouble but who do not yet have a foreclosure suit filed against them, is 1,000 times the size of the foreclosure market and they are not on any public list.
If the average foreclosure investor gets even one deal, they are lucky. In the mean time they have spent countless dollars and even more precious hours with nothing to show for it.
Let’s see why the conventional approach to foreclosure investing doesn’t work for most people.
The market, people in foreclosure, is too small.
Once the homeowner receives the NOD, the Notice of Default from the lender, his situation becomes public and is made available to thousands of potential foreclosure investors, the average ones. The successful ones are already working with many of these desperate homeowners.
The distressed homeowner is inundated with letters, phone calls and visits from your competitors. You have little or no chance of succeeding
You are spending and spending on ads, lists, flyers etc. with the only hope of any financial return lies in grabbing a house below market and selling it, something that does not happen everyday.
You limit your operations to your immediate area ignoring the millions of other distressed homeowners across the country.
The biggest problem with the traditional approach used by the average foreclosure investor is that 90% of the distressed homeowners want to Save their homes, not sell them!
Let’s look at a system used by some of the most successful foreclosure investors in the country.
A system that has worried homeowners in pre-foreclosure calling them for help!
This system also puts money in their pocket whether they are able to buy the house or not.
They put together an ebook or booklet of tactics and strategies to help people avoid foreclosure and stay in their homes. They offer this information locally and on the Internet, free to anyone who requests it.
Who do you think will request this material? Amazingly, a large percentage of the respondents will not even be in foreclosure, they will be in the pre-foreclosure stage, behind a couple of payments or not even delinquent at all! These people are being pro-active, knowing that in the near future, they will not be able to keep up their payments. Their names do not appear on any public lists.
These savvy investors are now fishing in a pond with 1000X the number of prospects than if they had targeted people only in foreclosure. Also, with this approach, they are targeting people all across the country, not just those in their backyard.
Once a person orders the course, their contact information is captured automatically. The System sends out requested information in several parts, one part each day which explains in detail the various possibilities for delinquent homeowners to keep their homes, which is what the majority want.
The System builds rapport and trust with the homeowner, revealing important and informative information which may help them get out of foreclosure. This relationship is something average “foreclosure investors” would drool over.
The System also offers the homeowner additional help that will make these investors money. These homeowners are scared, they want all the help they can get to save their homes.
They are offered personal consulting to help them save their homes from knowledgeable mortgage brokers or bankers. Most cannot afford the $200 per hour cost for one on one consulting, so they opt for the $99 group teleconferences.
The homeowners eagerly grasp other information that is offered by the system that can help them such as ebooks and courses on how to escape foreclosure which generate an income stream to the investor because they are part of affiliate programs.
With 50-100 prospects going through the System every week, you can see how the successful investor can earn enough to cover his marketing costs and have pre-foreclosures calling him every day! You can too!
Turnkey, Loss Mitigation System attracts terrified homeowners like iron filings to an electro magnet. Just what you need to get 10-15 new distressed home owners calling you everyday! Call Me, Bill Young, 646-961-3818 or Click here for immediate access to the comprehensive, 90 minute video presentation that tells all: