I get calls every day from Realtors that inquire how they can get in contact with clients that are currently thirty, sixty or ninety days past on their note and have not received a NOD yet. The primary issue is NOD lists tend to have a terrible closing ratio. The cause those listings tend not to convert advantageously is because once the client info goes public they are loaded with telephone calls and direct mail. Another reason is that most of the time the borrower is so far along in the foreclosure process they are already half way out the door and have given up on preserving their home or credit rating.

This is where our service gets in to ease the issues observed above. Our company has the ability to receive lists of clients as they have missed a payment, rather than after an Notice of Default has been issued. By targeting borrowers in this position they become perfect for short sale leads. At this point in time they are behind one or two installments and are at a serious decision making degree considering whether or not they are going to make an effort to save their dwelling. It is up to you to service these clients to make that choice and show them the benefit of a Short Sale or Loan Modification.

This entry was posted on Monday, July 13th, 2009 at 10:51 pm and is filed under Better Business, Finance Tips, Living With Marketing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.