Notice of Default
Description
This market is highly motivated. Remember for real success you only want to target markets with people who are in pain and really want your solution. These poor people are being approached by tons of real estate investors who want to buy their house out from under them for pennies on the dollar. Not just that they're also being told by attorneys that it's ok to go into bankruptcy. They're told that this will take care of all their problems, however we all know its not true. This is a real opportunity for you because as a loan officer you can help them stay in there home and get the loan they need. There are so many easy, legal and legitimate ways to stop the foreclosure and you can be a hero. Foreclosures are on a dramatic rise and are only going to keep getting stronger. When interest rates were so low lots of people got into homes that they simply couldn't afford. Sometimes they simply have an unfortunate legitimate reason like a family illness which may have forced them into defaulting on their loans.
The Mortgage Bankers Association reported that creditors across the country began foreclosing on nearly 135 thousand homes. That's a big pool of hungry fish. There were about 4 -10 foreclosures out of every 1000 loans originated in the last three months - the highest rate in 30 years! The association said creditors have a record-setting backlog of more than 400,000 foreclosed homes!
This doesn't mean that you should take advantage of their misfortune. Just the opposite! It means that it's a ripe market that really needs the help of good, ethical loan officers who care about them. You have the ability to literally change their lives for the better and earn a great income while doing it. It's easy to solve most of their issues once you know how. If you don't already how to do these loans and which lenders specialize in foreclosure we'll fill you when you get your campaign. There are a few lenders and programs that can make the process very easy for you.
Selections
• Full Name • Contact Phone • Situs Address Recording Date • Lender Name (where available) • Trustee Name • Auction Date
This is a courthouse-compiled database of homeowners who are in default on their mortgage. Data is compiled on a daily basis.
