There are essentially 6 “options” that sellers facing foreclosure have. To be an effective marketer, you need to know what options people have at each phase and how you can help them – and profit at the same time all along the way.
Here are the 6 options to solving their situation:
1. Borrow money from a friend or relative to catch up payments…
2. Work out a payment plan with the bank…
3. Refinance…
4. Sell through a Realtor…
5. Sell to an investor…
6. Consult an attorney regarding bankruptcy
Knowing the options someone facing foreclosure has will better help you market to find sellers. If you know the process and you know the options, you can target your marketing message early on and become the person they trust to help with their situation.
The key to marketing is building the relationship. The earlier you start, the better they will get to know you… like you… and trust you…
Get your free foreclosure case study at www.FindingForeclosureDeals.com if you’ve not already picked it up!