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You are here: Home > Real Estate > Foreclosures > Real Estate Foreclosures - A Real Estate Agent's Guide (Part 2) |
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Will You Add? - Real Estate Foreclosures - A Real Estate Agent's Guide (Part 2)
FTC Adding to the Franchise Rule es) your local title / escrow company can be a great source for the data. If you have an established relationship with one of these companies, ask them if they have their own data collection system in place. They often have a staff member at the county courthouse who helps other real estate professionals (YOU) obtain the data. They may even give you access to their system. It sure beats going to the courthouse (which you could do) and getting the data yourself.Last summer the FTC put forth a report and then asked for comments on modifications of the franchise rule. There has been no real significant changes since the 1970’s, but lots of opinions and case law along the way. All these complications of rules and the rules proposed today by the Federal Trade Commission do not help franchisors remain efficient or franchisees sell more pizza, hamburgers or donuts.Franchising is not about laws as much as delivering goods and services to people in an expeditious and efficient manner. Franchisors need to concentrate on markets and the Federal Trade Commission on trends and keeping markets free, free from barriers to entry, free from abuse of power and help maintain free flow to such markets. The FTC is not the FBC Federal Bureaucracy Creator. If the Federal Trade Commission is going to referee, that is fine and will continue to serve our nation as it was intended Prequalification Now that you have the information Pressure Washing Business in Bermuda; is It Feasible? “How to Generate a Listing From a Pre-foreclosure”Would a pressure washing business work in the nation state island of Bermuda? Well one gentleman thinks so and has developed what he believes is a perfect marketing plan to do so. What kinds of things are there to wash in Bermuda? Well the economic development association in Bermuda is promoting a plan to revitalize Bermuda and that means cleaning it all up. Well then a pressure washing business makes a whole lot of sense.What type of equipment could be used there? There seems to be a restriction on the length of vehicles and the work truck would need to be diesel powered? What about a trailer unit? Well, it would be best to have an all-in-one type unit. I believe that 21 feet is too short for the Global Annihilator Series Mobile Pressure Washing Unit, made famous by one franchised mobile power washing business in the United States.A smaller unit with a 210 Gallon Loaf tank and with a skid pres Last time we had spent considerable time together establishing that a Pre-foreclosure was the best source of leads for you as an Agent. If you missed last week's training on that, you can find it by clicking the link below: http://ezinearticles.com/?cat=Real-Estate:Foreclosures So, how do you take that Pre-foreclosure lead and turn it into a listing? I'm glad you asked because that is exactly what we'll cover today together. Before I get into the step-by-step on how to do it, I want to cover one very important point. How do we get the Pre-foreclosure lead? Pre-foreclosure Information There are just about as many sources for foreclosure information as there are for leads for other sellers that may want to sell their home. With Pre-foreclosures however, there are some even better (specialty) sources of this information.
Foreclosure Data Service Providers, like RealtyTrac, provide (sometimes up to the minute) real time data on foreclosures in any particular area. These service providers are often tied into your local county recorder's office. When a property goes into default, a legal notice is filed for public viewing. These foreclosure data service people are tied into your local recorder's office so they get this information the minute it gets published and forward the data to you. It gets better... They take the data regarding the property and merge the homeowner's name, liens on the property, the fair market value (estimated), and sometimes even the homeowner's phone number. How good (current) is this information? Well, the information is only as good as your local county recorder's office. If they are computerized (most are nowadays) and up-to-date with inputting the data into their system, you can get information that is very current. Are foreclosure data service providers the only source? No... In some counties (especially the ones that are a little behind the times) your local title / escrow company can be a great source for the data. If you have an established relationship with one of these companies, ask them if they have their own data collection system in place. They often have a staff member at the county courthouse who helps other real estate professionals (YOU) obtain the data. They may even give you access to their system. It sure beats going to the courthouse (which you could do) and getting the data yourself. Prequalification Now that you have the information Top 5 Credit Misconceptions get into the step-by-step on how to do it, I want to cover one very important point. How do we get the Pre-foreclosure lead?We have all heard the rumors…from neighbors, relatives or friends. There are a wide variety of myths floating around about what you should and shouldn't do to improve your credit reports and credit scores. The buck stops here! Phelps Creek Financial Coaching has exposed these urban legends to provide you with the truth about credit...1. Your score will drop if you check your credit - Fortunately, this one is definitely not true.Checking your own report and score is counted as a "soft inquiry" and doesn't harm your credit at all. Only "hard inquiries" from a lender or creditor, made when you apply for credit, can bring your credit score down a few points. Worried about damaging your credit while shopping around for a loan? Multiple inquiries for the same purpose within a short amount of time (a few weeks) are grouped together into a less damaging period of inquiry.2. Closing old accoun Pre-foreclosure Information There are just about as many sources for foreclosure information as there are for leads for other sellers that may want to sell their home. With Pre-foreclosures however, there are some even better (specialty) sources of this information.
Foreclosure Data Service Providers, like RealtyTrac, provide (sometimes up to the minute) real time data on foreclosures in any particular area. These service providers are often tied into your local county recorder's office. When a property goes into default, a legal notice is filed for public viewing. These foreclosure data service people are tied into your local recorder's office so they get this information the minute it gets published and forward the data to you. It gets better... They take the data regarding the property and merge the homeowner's name, liens on the property, the fair market value (estimated), and sometimes even the homeowner's phone number. How good (current) is this information? Well, the information is only as good as your local county recorder's office. If they are computerized (most are nowadays) and up-to-date with inputting the data into their system, you can get information that is very current. Are foreclosure data service providers the only source? No... In some counties (especially the ones that are a little behind the times) your local title / escrow company can be a great source for the data. If you have an established relationship with one of these companies, ask them if they have their own data collection system in place. They often have a staff member at the county courthouse who helps other real estate professionals (YOU) obtain the data. They may even give you access to their system. It sure beats going to the courthouse (which you could do) and getting the data yourself. Prequalification Now that you have the information Payday Loan Stores in UK – Instant Cash Online ders, like RealtyTrac, provide (sometimes up to the minute) real time data on foreclosures in any particular area. These service providers are often tied into your local county recorder's office. When a property goes into default, a legal notice is filed for public viewing. These foreclosure data service people are tied into your local recorder's office so they get this information the minute it gets published and forward the data to you.It is no surprising that you can find many online payday loan stores in UK these days. The popularity of cash advance loans has resulted in the growth of a large number of UK payday loan stores in the Internet. These stores are instrumental in lending cash to people who live paycheck to paycheck.When you are in an emergency for cash while your payday is still weeks away, it is completely sensible to look for a solution that is easy and quick rather than looking around to find someone who can lend you some money. Services Offered By Online Payday Loan StorePayday loans are short-term loans that help folks take care of their expenses until payday. Depending on their financial situation, people can borrow anything around $500 to $2000. As they are short-term loans that are meant to be paid back within a few weeks, they are usually available without a credit che It gets better... They take the data regarding the property and merge the homeowner's name, liens on the property, the fair market value (estimated), and sometimes even the homeowner's phone number. How good (current) is this information? Well, the information is only as good as your local county recorder's office. If they are computerized (most are nowadays) and up-to-date with inputting the data into their system, you can get information that is very current. Are foreclosure data service providers the only source? No... In some counties (especially the ones that are a little behind the times) your local title / escrow company can be a great source for the data. If you have an established relationship with one of these companies, ask them if they have their own data collection system in place. They often have a staff member at the county courthouse who helps other real estate professionals (YOU) obtain the data. They may even give you access to their system. It sure beats going to the courthouse (which you could do) and getting the data yourself. Prequalification Now that you have the information Affiliate Tip - Testimonials as Text Links ens on the property, the fair market value (estimated), and sometimes even the homeowner's phone number.One of the most effective advertisements for a product or service can be a customer testimonial or a review from an objective source. With all of the hyped up advertising copy out there, consumers are skeptical of marketing efforts.This can be difficult to overcome, but as an affiliate, your job is to pre-sell the offer and initiate the relationship of trust between the consumer and merchant. And a recommendation from a satisfied client or industry publication serves as a very persuasive sales tool.The testimonial as affiliate text link provides tangible proof to your site visitors and newsletter readers that the company you are promoting is capable of doing what they boast about. This sort of creative can be as short as several words, or as long as a paragraph or full page.You'll notice that most affiliate programs do not offer testimonials as affiliate text links, but that doesn't mean How good (current) is this information? Well, the information is only as good as your local county recorder's office. If they are computerized (most are nowadays) and up-to-date with inputting the data into their system, you can get information that is very current. Are foreclosure data service providers the only source? No... In some counties (especially the ones that are a little behind the times) your local title / escrow company can be a great source for the data. If you have an established relationship with one of these companies, ask them if they have their own data collection system in place. They often have a staff member at the county courthouse who helps other real estate professionals (YOU) obtain the data. They may even give you access to their system. It sure beats going to the courthouse (which you could do) and getting the data yourself. Prequalification Now that you have the information Two Uranium Exploration Companies Slug It Out in Utah's Lisbon Valley, Part Four es) your local title / escrow company can be a great source for the data. If you have an established relationship with one of these companies, ask them if they have their own data collection system in place. They often have a staff member at the county courthouse who helps other real estate professionals (YOU) obtain the data. They may even give you access to their system. It sure beats going to the courthouse (which you could do) and getting the data yourself.The area is right, and it may be ripe for a discovery. Early exploration drilling for both companies is now being assayed in Canadian laboratories. Both companies are scheduling more drilling in the very near future. Unlike most promotionally oriented junior uranium exploration companies, the geologists were very tight-lipped. We talked with Foster Wilson, a professional geologist and a director of Mesa Uranium, who refused to even acknowledge optimism on the recent drilling.Mesa’s Thompson said, “We’re evaluating the results from the last holes. We are awaiting drill crews to come back from an oil well they are drilling.” He hopes to start drilling again in early August. “When we drill a hole, we lower a gamma-sensing probe and we know what’s there immediately,” Thompson told us and then clammed up. “Anything we encounter in terms of mineralization would have to come out in a press release.” Neither Prequalification Now that you have the information and know who has just entered into default on their property, what do you do?
Well, the next step for you is to pre-qualify or generate interest. Believe me... some of these leads can be a total waste of time. Don't get me wrong! I said some, which translates to a small percentage. But those very few can waste enough of your time that it's well worth having a prequalification system like we've built in our Foreclosure Mastery™ program. Do you want to build your own Pre-foreclosure Prequalification System? Here's how... I suggest that you create a letter or a postcard (or a campaign of them) that you send to the homeowner who just entered this stage of foreclosure. Here are the ESSENTIAL elements for you to include: You must also establish that the reason you are different is your fiduciary responsibility to act in their best interests. Getting the listing Once you've gotten in contact with the owner by mail the next step is the phone.
You may have received a call from them once they've acknowledged there's a pr
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