I received this email from Aiden Win also known as Mr. Foreclosure, a very knowledgeable investor. As I receive them I will post them here so everyone can benefit from them.

Hi,

Here is a question I get asked a lot. “Now that I have the
Foreclosure lists, how do I contact the sellers?”

You can attempt contacting the sellers in several ways. One way is
to physically go to their address and knock on their door. This is
very direct, and may show that you are a serious investor. However, this is very time consuming. Also, if you don’t know the seller’s situation, you might be wasting your time. So unless the property is not far from where you live or work, I wouldn’t recommend this method.

Another method is to call them on the phone. You can see if the
seller’s phone number is listed in the telephone directories by
searching for it by address. This doesn’t take much time at all,
and with practice, may be very effective. It helps to have some
kind of phone script that you can start using and refine to suit
your own style.

More on this later.

If you cannot find the seller’s phone number, you can try calling
the lawyer who is handling the pre-foreclosure. Depending on the
law firm, the lawyer, the secretary answering the phone, and how
polite or how skilled you are, you may be able to get the seller’s
phone number from them. Sometimes they will give it to you,
sometimes they will not. If they don’t, you can usually leave your
number with them and ask them to forward it to the seller -
indicating that you are a very interested buyer.

A method that I personally use and have found to be extremely
effective is to send a letter or a series of letters to the seller.
This method is powerful because the seller will have something
tangible in their hands.

Usually, they will keep the letter, perhaps show it to their spouse, or leave it on their kitchen table – thus constantly reminding them
that there is a buyer for their house when the time is right…you.

With the right wording and approach in your letter, you will compel
the seller to call you. And sometimes they have already made up
their mind to sell to you because they have had the time to think
it over with their spouse. By being in the “top of their minds”,
you will have a tremendous advantage.

The bottom line is, you never know what the seller’s situation is.
But if you are persistent in your efforts, it’s only a matter of
time before you find a foreclosure that will make you a handsome
profit. With each foreclosure that you look at, you will improve
your skill in making a deal happen. And it doesn’t take more than 1
or 2 successful deals to be making a healthy income!

Over the years, I have used letters, phone scripts, and other tools
that I have refined to become very effective for contacting
sellers.

And get this, I didn’t have to chase anyone, I would have sellers call me constantly to sell me their homes because my letters worked so well.

They have worked for me, so I recommend them to you.

The Lazy Man’s Way To Generate Cash From Foreclosures That Will Make You Rich!

ForeclosuresTaxSales.com

Hans Anderson

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You would think that it would be an obvious decision that a seller would be willing to make a counter offer. Being investor’s we would not waste any time and simply move on to the next property, in search of a more cooperative seller.

As investors we are in search of a couple of things. A good property to invest in and a seller that is willing to help negotiate a win-win deal.

Keep this in mind when you may want to sell a property. A seller should want to help a buyer achieve their goals.

To solve you’re problems and reach you’re goals, you should be willing to help others to do the same.

Hans Anderson

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In a buyer’s market there are more properties available then buyers. Properties tend to stay on the market longer and prices go lower.

It is a lot harder to sell a home in this type of market. A market like this often forces sellers to get more creative. They may have to add incentives such as taking back a mortgage to attract buyers.

You will get buyers who will just ask for incentives knowing that there is a seller who will be willing to meet their demands.

In a buyers market the seller usually doesn’t get the price they were asking for.

In a seller’s market, there are more buyers then homes available to purchase.

Prices will rise in this kind of market and houses will change hands a lot quicker. In this market sellers tend to get the highest value for their property.

It’s posible to have multiple buyers bidding on the same property, driving the price up. Sometimes even over the initial asking price.

Hans Anderson

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Now you can still profit from residential foreclosures, don’t get me wrong. But pre foreclosures are the best time for you to negotiate with the sellers. Preforeclosures can be a win-win situation

As an investor, you obviously want to acquire a property when it is the easiest time to do so and doing it without having to compete with other investors would be a huge plus. continue reading>>.

Hans Anderson

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To make money as a real estate investor, you really only need 2
things:

1. A motivated seller

2. Know how to do no-money-down deals

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Let’s deal with the first one. A motivated seller can be found in many ways. But some ways can be more effective than others.
Here are some places where you can find them:

1. For sale by owners (FSBO)

These are sellers who choose to sell their properties without the
help of a realtor. Most of the time, these people want to save the
realtor commissions.

These sellers find themselves overwhelmed by phone calls from
realtors who haggle them to list their properties with them.

So by approaching them as an investor (using some of my proven phone scripts) you can quickly find out whether they are motivated
sellers and then proceed accordingly.

Where can you find them? Newspaper classifieds, craigslist, online
classifieds, kijiji.com, “House For Sale” signs.

Disadvantages – finding a motivated seller in this category can be
done, but it’s usually a hit and miss situation. Out of 100 FSBO’s
you can be lucky to find 1 that is motivated enough to make a
decent profit with.

2. Expired listings

These are properties that were listed on the MLS, but have not
sold. And their listing contract with the realtor has expired
which allows the owner to sell property on their own.

Well actually, under most listing agreements, the realtor who
had the listing is still entitled to his/her commissions up to 3
months or more after the listing has expired.

If you are looking for a motivated seller, it is actually quite
difficult to find one here because you have to consider why the
property didn’t sell for so long in the first place.

And also, you have to fight with a bunch of realtors who are again
haggling the seller to relist their property.

3. Foreclosures

Foreclosures are found listed on the MLS.

Sometimes you can get a good deal from these. But if you have
actually gone through the process of trying to buy one, it can be
a complete nightmare.

As I explained on my site, foreclosures are owned by the bank, and
must undergo a tedious legal procedure.

The lawyers cost money, not to mention the realtor gets paid commission which both cut into your profits.

Also, after you have done your inspections, appraisals, financing,
made your offer and have your offer accepted… only after all that has been completed will you be able to have a CHANCE to buy the
property.

Notice that I said only a CHANCE. That’s right, you
still are not guaranteed you will get the property – for 2 reasons:

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Reason #1 – other bidders can outbid you at the last second during
the court hearing even if you have your offer accepted.

And #2 even though your offer is accepted by the bank, the judge has to approve of the sale (so if he thinks you’re getting too good of a deal, he won’t let you buy it).

And oh yeah, if you are lucky and take the whole thing to the end
(which actually takes months), you will need to pay for the
foreclosure in cash.

If you don’t have access to a few hundred thousand dollars to play
the foreclosure game, then you can forget about it.

I’m not saying you can’t make money with Foreclosures, some people do and make 10-20% of the market value.

But considering the amount of work and resources needed to make a deal work, in the same amount of time, you could have done 3-5
preforeclosure deals, made MORE money on every single one of them and most importantly, done it without using any money.

4. Pre-Foreclosure listings

If you have read my site, you would already have an idea what
pre-foreclosures are and how they work.

As you may expect me to say, this is the best source to find
motivated sellers.

And I’m not saying this just to promote my site, this is from my
personal experience, because I have done almost every real estate
strategy known to man, and working with pre-foreclosures is by far
the easiest, fastest, way to put the most money in your pocket.

Have I found motivated sellers from FSBO’s, Expired Listings and
Foreclosures? Yes, which allows me to ask, “Why make 10-20% in
profits when you can make 25-50% profits while doing only HALF the work – in a FRACTION of the time?”

If you don’t believe me, then I encourage you to go ahead and try
all the other methods out there to see what it is really like.

Then you will see what I mean. But then again, why bang
your head against the wall when I have already shown you door that leads straight to a real estate goldmine?

So decide for yourself.

Here’s what I suggest, go ahead and join as a Foreclosure Insiders
Club member (while it is still open to new members).

I am so confident that you get more motivated sellers than you know what to do with that I offer a money-back guarantee.

It just doesn’t get any better than that.

Chances are, now that #1 is basically handed to you on a silver
platter, all you need to do is #2 and BAM! You’ll get big fat real
estate profit checks just like mine – perhaps even bigger.

My members are already doing just that!

Aiden Win

Mr. Foreclosure

Canada’s Largest Database Goldmine Of Pre-Foreclosure Real Estate For Up To 50% Below Market!

ForeclosuresTaxSales.com

P.S. In Part 2 of this series, I will uncover the ingredient #2 that
you can start using instantly to bring in the cash without you
needing any to start with!

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