BotPower

I receive calls each day from Real Estate brokers that ask me how they can get in touch with borrowers that are currently thirty, sixty or ninety days late on their mortgage and have not received a Lis Pendens yet. The particular matter is Notice of Default listings tend to have a bad closing rate. Most of the time low closing rates are ascribed to the data going public at a particular period. In which event the market gets flooded with calls, direct mail and circulars. The next biggest issue is that often once an NOD has been published, the borrower might have already abandoned the home.

The pleasant news is that there is a way to reach the clients when they are only thirty, sixty or ninety days late on their mortgage. Our operation has the ability to get lists of clients as they have missed a payment, rather than once an Notice of Default has been issued. By reaching borrowers in this situation they are ideal for short sale leads. The clients have just missed their second or third deed installment and they need to make a decision soon if they need to be able to spare their dwelling and credit. It is now time for you to make contact and educate the client about the prospective benefits to enter into a short sale transaction.