Pre Notice of Default Marketing
I get calls every day from Real Estate brokers that inquire how they can get in contact with clients that are currently 30-60-90 days past on their mortgage and have not received a Lis Pendens yet. Their essential interest is that the Notice of Default lists that they are using for selling are not converting advantageously for them. Most of the time insufficient conversion ratios are attributed to the data going public at a particular point in time. In which event the market becomes saturated with calls, marketing and circulars. The next strongest matter is that many times once an NOD has been issued, the borrower might have already abandoned the home.
This is where our service comes in to alleviate the issues mentioned above. Our operation has the ability to acquire lists of clients as they have missed a payment, rather than once an Lis Pendens has been issued. By reaching clients in this position they are perfect for short sale leads. The borrowers have just neglected their 2nd or 3rd deed payment and they need to make a decision before long if they need to be able to preserve their property and credit. It is up to you to serve these clients to make that decision and show them the benefit of a Short Sale or Loan Modification.