How often should I mail to Pre-foreclosures

Question

I'm planning to do mailers to pre-foreclosures.   I'm reading in the forums that many use a once a month strategy as a general rule but does that still apply to pre-foreclosures since the potential seller's timeline may be a little different?

Chad Michael · Answer

Not really what I wanted to hear but it sounds like you have a pretty decent grasp on this.     I'll look into what I can do with door knocking and being more personable.

Definitely thanks for chiming in.

Chad

Jay Hinrichs · Answer

mailing to pre foreclosures is pretty low return or odds.  people in default have already gotten many many letters from their creditors and now there will be many many letters from individuals trying to buy their home.

If they wanted to sell it they would put it on the market  .. these particular folks usually wait till the last minute to make a decision or in many cases have no real equity so its not a deal anyway..

while you can try these I think you will find the return by just sending out mailers will be pretty low.

these are bought by door knocking and establishing reporte'  at least that's our experience of doing this for a few decades.

Our state we worked this Oregon and Washington have made it illegal to do most anything with a home in pre foreclosure there are very stiff rules and some of it is criminal so we no longer do it at all.