6 Options for Foreclosure Sellers

Posted on 03 March 2007. Tags: , , ,

6 Options for Foreclosure Sellers

There are essentially 6 “options” that sellers facing foreclosure have. To be an effective marketer, you need to know what options people have at each phase and how you can help them – and profit at the same time all along the way.

Here are the 6 options to solving their situation:

1. Borrow money from a friend or relative to catch up payments…

 

2. Work out a payment plan with the bank…

3. Refinance…

4. Sell through a Realtor…

5. Sell to an investor…

6. Consult an attorney regarding bankruptcy

Knowing the options someone facing foreclosure has will better help you market to find sellers. If you know the process and you know the options, you can target your marketing message early on and become the person they trust to help with their situation.

The key to marketing is building the relationship. The earlier you start, the better they will get to know you… like you… and trust you…

Get your free foreclosure case study at www.FindingForeclosureDeals.com if you’ve not already picked it up!

This post was written by:

Heather Seitz has written 95 articles on Real Estate Training Academy. Heather Seitz is the lead trainer for Real Estate Training Academy. For the training programs provided by Heather, Click the Training Courses!


Leave a Reply


FREE Real Estate Investing Updates

Subscribe by email and get real estate updates, news, and more! Enter your email below.

Subscribe to get blog updates by email

Stay Connected…

Stay Connected with the Real Estate Training Academy on your Favorite Social Network...

Blog Sponsors

Advert

Testimonial Disclaimer

  • Per the current FTC guidelines, we are in the process of collecting results data from Real Estate Training Academy sites and our partner program sites in order to better define the "typical" or "average" experience of our clients.
  • While we collect that data, we are sharing unique stories of individual clients. None of these stories is meant to represent the "average" or "typical" experience.
  • In fact, as with any product or service, we know that some people that purchase our programs never actually use them. Consequently, they get no results whatsoever. Sadly, this is the often "typical" case.
  • The client stories and testimonials shared on ths site can neither represent nor guarantee the current or future experience of other past, current or future Real Estate Training Academy clients.
  • These stories and testimonials represent what is possible with our trainings and products. Each of these unique stories and/or testimonials, and any and all results reported in these stories by individual members, are the culmination of numerous variables, many of which the Real Estate Training Academy cannot control, including pricing, target market conditions, product/service quality, offer, customer service, personal initiative, and countless other tangible and intangible factors.