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šŸ”¹ The Hidden Goldmine: Turning Mortgage-Delinquent Sellers into Deals šŸ”¹ Part 2

Feb 11, 2025
Bob Vieira Short Sale Expert!

Part 2 of Bob’s article on finding motivated sellers in today’s market. šŸ’”

Missed Part 1? šŸ‘‰ Click here to read it first!

And YES—this absolutely works with Mobile Homes! šŸ” In fact, Bob and another Elite Level Mastermind member partnered on a Mobile Home short sale flip—and walked away with over $90,000 in profit! šŸ’°šŸ”„

Let’s dive into more powerful strategies to help you find and close motivated seller deals! šŸ‘‡

 

 

 

šŸ”„ Strategy #2: Pre-Foreclosure Phone Prospecting & Cold Email šŸ”„

There are many ways to prospect for pre-foreclosure leads, but today, we’re diving into a powerful combo: Phone & Email Prospecting. šŸ“žšŸ“§

Unlike broad marketing strategies, pre-foreclosure lists are highly targeted. Think of it like sharpshooting instead of casting a wide net. šŸŽÆ Because these lists tend to be smaller, your approach needs to be multi-touch—reaching sellers through multiple channels.

šŸ“ž Phone Prospecting: A Direct Approach

šŸšØ Before You Start:
Check with an experienced real estate attorney in your state! Some states have strict laws about calling homeowners in pre-foreclosure. Always confirm before dialing.

Once you have the green light, choose your approach:

Method #1: Call the Leads Yourself ā˜Žļø

āœ… Most cost-effective
āœ… Perfect if you have time but a smaller budget
āœ… Even if you plan to outsource later, it’s great to get firsthand experience

Method #2: Hire Cold Callers šŸ“ž

šŸ’¼ Option 1: Hire & train your own callers
šŸ’¼ Option 2: Use a third-party company with trained professionals

If you’re just starting out, doing it yourself helps you understand the common objections and responses. Then, when you’re ready to scale, you can train a team to replicate your success.

šŸ“§ Cold Email Prospecting: The Hidden Gem

Cold email prospecting is underrated and overlooked—but it works.

This is NOT the same as sending newsletters through platforms like Mailchimp. āŒ

Because pre-foreclosure lists are small and highly targeted, you’ll want to hit them from multiple angles—including email.

šŸ”¹ Why It Works:
āœ… Direct-to-seller communication
āœ… Less competition (fewer investors use email effectively)
āœ… Scalable with automation tools

Manually typing and sending emails can take forever, so I recommend using an email automation platform. A quick Google search will point you toward the right software. Just make sure to read reviews and ask other investors for recommendations!

šŸ”„ Strategy #3: Become a Short Sale Specialist šŸ”„

šŸ” What’s a Short Sale?

A short sale happens when a homeowner is behind on mortgage payments AND owes more on their mortgage than their home is worth.

Because a traditional sale isn’t an option (due to lack of equity), the lender agrees to let the seller sell for less than what’s owed.

Here’s the WIN-WIN:
āœ… The seller avoids foreclosure šŸš«
āœ… The lender waives the deficiency (the remaining mortgage balance)
āœ… The seller gets to walk away without debt

šŸ“Œ Example:
A homeowner owes $450,000, but their home is only worth $400,000. They’re behind on payments and need to sell. They have a $50,000 deficiency.
Instead of going into foreclosure, the bank approves a short sale, allowing them to sell for $400,000—eliminating the debt.

āš”ļø Why Short Sales Are an Untapped Opportunity

āŒ Most investors avoid short sales because they’re long, complicated, and messy.

This is where YOU step in.

šŸ’” Position yourself as the go-to expert who handles short sales so others don’t have to.

Tell Realtors, investors, and everyone in your network that you take short sales.

Over time, they’ll start sending deals your way instead of turning them down! šŸš€

šŸ”„ Conclusion: Take Action Now! šŸ”„

I hope these three strategies help you grow your business while providing real solutions to homeowners in need.

šŸ“Œ Quick Recap:
āœ… Phone & Email Prospecting for pre-foreclosures šŸ“žšŸ“§
āœ… Mortgage Modification Follow-Ups to convert leads šŸ”„
āœ… Position Yourself as a Short Sale Expert to get more deals šŸ’¼

The more problems you solve, the more deals you’ll close—and the more people you’ll help.

To your success,

Bob Vieira

 

 

šŸ”¹ Your Action Items šŸ”¹

1ļø. Want a short sale expert on your team? Hire Bob & his team! šŸ“ž 570-614-3232 āœ‰ļø[email protected]

2ļø. Want to surround yourself with brilliant minds like Bob? Apply for Elite Level Mastermind today! šŸ‘‰ Apply HERE

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