All Forum Posts by: Isaac El

@Ron S.  Hi Ron, I was saying in New York, (city) there is a public system called ACRIS and it shows you all the mortgage docs that were recorded, satisfactions, etc

What should I say and what should I not say?

@Ehsan Rishat  your right I need to be more consistent, stupid question whats "RVM?" also when I cold call my pitch is like "Hey I am trying to help you, your house is in foreclosure, would you want to sell before the bank foreclosures?"   I think my pitch is very weak, like when you approach them on the phone, how do you open the conversation?  

@Ehsan Rishat @Markia Dunn  Totally agree, when I first started going to foreclosure auctions I accidentally bought a second mortgage and got screwed really bad - that was an expensive lesson.  Lots of the people that go, do TONS of homework before, and its that homework that makes all the difference, that and skill at the auction which you will gain with time.  I know I am still always learning, your best bet is keep going, keep observing, see who buys what, who buys where, what prices do they pay in what conditions, see if you can see who got a good deal and a bad deal, little by little you will get more comfortable and familiar - but it takes time and patience, I remember in the beginning I would get REALLY frustrated.

@Markia Dunn  I was actually thinking about your post today, I should also mention the wholesalers that are playing the auction wholesale game here, are also bankrolled very well.  All those 10% deposits add up, and you need to have money to hold for a few weeks/months in certain situations.

@Rick Williams  There is one in every county, so in Queens, Brooklyn and Bronx they are at the county court house.  They mayhem is really mayham, you know how New Yorkers roll ;)

@Jaysen Medhurst  Hi Jaysen, I really appreciate that, I have been looking at foreclosure properties so the sellers are not so cooperative, but I will definitely try what you recommended.

@Rich Hupper  Rich thats really good!!! what would you do instead of door knocking if you had to call them, how would you approach them on the phone???

offer cash for keys ;)

Hi,  What is the best way to approaching home owner in foreclosure situation??  Wondering what most people here have the best success with? would you send a letter? cold call them? go to the house and knock on door? I have tried cold calling and sending letters not with much luck, wondering what others here do.