A short and sweet pre-foreclosure letter

[green queen]

Real Estate Owned  ( by the bank)

[lainfla]

samatso,
i totally understand how you feel. but think of this- when the bank has taken control of the property the homeowner is left with nothing. at least when you buy a house before the foreclsoure, they have some money to relocate and their credit has mortgage lates, but not a foreclosure.
the couple at the end of out street had three kids. the father, an alcoholic didn't pay the mortgage for 14 months. the mother was in lala land. the kids would come over and we would feed them, give them clean clothes. anyway, they ended up losing the house. the  sheriff came, put a sticker on their door, and the couple had to move in a few days. they ended up in a motel, the kids not enrolled in school. they ran out of money, ended up in a christian shelter. i wish i had been involved in wholesaling at that point. they really would have benfitted from someone explaining what was happening, give them cash out to start fresh in a stable home near the kids' school, suggest credit counseling. to lose your home like that is very undignified. i think the word DENIAL best suggest the distressed homeowner's mindset.

[wells]

John Michael has a really nice packet of information, including sample letters and forms for pre-foreclosures. You can download the packet at http://trice84.tripod.com/gifts/My_gift_to_you.pdf.

No I don't get any kick-backs for recommending this free book (what is the commission on free these days anyway?). It's just that John Michael has been one of the most valuable resources I've encountered online.

You'll find that after a while you will abandon all samples anyway because people vary so much in circumstance and personality, there is no way to capture everyone in a few templates.

HTH.