Pre-Foreclosure Leads

[Elizabeth Galarza]

Good afternoon,

I had purchased a number of pre-foreclosure leads and I'm receiving a number of them every day; my budget is limited and I'm trying to decide which ones to work with in order to get better results. I'm also receiving probate and had decided not to touch them, because I think the more motivated sellers will be the ones about to face foreclosure.

I need some advice deciding how to work this leads; my budget wont allow me to send 4 or 5 letters to every potential seller.

Should I pick the leads in a particular price range, like 100k to 200k? Would that be a good price range in Houston?

[Rick Pozos]

You are only going to want to send out 1 or maybe 2 pieces of mail to each person. The timeframe is too short in Texas. I do this every month. We have over 400 people going to foreclosure in SA. I look through every one of them. There are only about 10% of them that meet my criteria. I send to them once, maybe twice. Most of the people going to foreclosure dont read their mail anyway. Postcard is the way to go.

I end up getting several deals every year from this method. This is only one of the many ways to find distressed properties.