Cold call or door knocking Pre foreclosure ?

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Good morning everyone , this is a tricky question but I’m excited to hear everyone’s opinion, can anyone advice me on which method is the best , cold calling or door knocking for pre foreclosures ?

[Kevin Whisler]

I dont door knock just because some of the areas we rent in or wholesale in are pretty sketchy. But our company makes thousands of cold calls a week. 

Our script is super simple if you want it: 

"Hey Samkied this is Kevin calling with ****** about a property at _______. The reason for the call is that it looks like that property is scheduled for Mortgage Sale in the next few months. I was just calling to see if you had any interest in selling it before that point, or if you had taken care of the mortgage."

If they say they have it taken care of, I always ask..

"So its no longer going to be foreclosed on..?"

Just to be sure that they aren't just trying to get me off the phone.

If they ask how you got the info that it was scheduled for Mortgage Sale, just tell them its on public record (it will be public record by whichever city is selling it).

If they are interested. Ask them roundabout how much they owe on the property, just so you can make sure it's worth it to pursue.

Example: If the property is worth 100,000 pre-renovation, yet they owe 125,000 still on their mortgage; it's probably not worth it to waste your time on.

Hope this helps!

-Kev