Is door knocking a good idea??

2 Replies

Is door knocking a good idea to do. I have a list of foreclosures going to auction within a month or so. I sent out letters and got no response. Should I knock on the home owners door and personally speak with them. If so what do I say? Please help!

@Lekisha Cole

Doorknocking in Florida

I think doorknocking is a great idea but you need to have funding quickly at your disposal, not just trying to sell the property to a buyer's list, or wholesaling a pre-foreclosure.

Most people that do door knocking to pre-foreclosures one month before the auction do not have their funding in order and they can get in trouble if they make a promise they can't deliver on.

Florida State law has foreclosure rescue laws
There's nothing wrong with having a sale and purchase agreement on a pre-foreclosure going to auction, but stay away from sale-leaseback ideas where you buy the property and lease it back to the occupants
Even if you have weasel clauses is in your sale and purchase agreement, and you make a promise you're going to buy their house and prevent the foreclosure to help them avoid problems with the credit, and you don't deliver, and it goes into foreclosure, you might get a call from the attorney general's office or the FBI being charged with a possible foreclosure rescue operation

See

http://www.fbi.gov/miami/press-releases/2012/two-i...

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