Making contact with a home possessor in pre foreclosure is sometimes easier said than done. The home owner is more then likely being contacted by lawyers , overwhelmed with phone calls, mail and bill collectors. The only methods of contacting the home owners would be by mail, email, in person or by telephone

The best way to start is by snail mail or email . Let them know in youremail or letter that you are a property investor looking for property in their region . Make sure thehouse owner comprehends that you may be able to assist them with their financial situation .

Exhibit an understanding of the home owner’s situation . Indicate in your correspondence that you may be able to stop the foreclosure. Suggest that you may be able to save their credit rating, and even supply some cash to help pay their bills and help with moving expenses if necessary.

Your business card should be included and suggest that the property owner give you a call at their soonest convenience. If within a week or two you have not yet herd from them, send another letter worded more desperately. If the auction date is getting closer you may want to send a few letters each calendar month.

If possible follow up your letters with telephone calls. A telephone call is evidently the quickest way to get a hold of the home owner. Remember this is a very nerve-racking time in the home owner’s life, be polite, sympathetic and don’t be pushy. Don’t discuss the inside information with the home owner over the phone . Just explain to them that in order for you to determine if you can help them, it would be best to meet at their home. Explain to them that the get together will be more productive if they have the loan, mortgage, and insurance documents available, as well as their foreclosure notices.

Once you decide to make an offer on the home , you will require the loan number, ownership means, and debt (or lien) information. Take this chance to appraise the overall condition of the property, as well as the emotional stability of the home owner. When you include the market value and the amount of money in default, you’ll have all the info required to develop your offer .

If you decide to just drop by and talk to the home owners of foreclosure properties in person with out at least having sent a letter in advance be prepared to be asked to leave. People in general don’t like talking to someone who just shows up at their door about their personal affairs.