How to market to people in foreclosure?

What if you could send a letter to people with a headline that read;

"I CAN STOP FORECLOSURE PROCEEDINGS...SAVE YOUR HOME....GET THE FINANCIAL PEOPLE OFF YOUR BACK...AND YOU WOULD NOT HAVE TO MAKE A HOUSE PAYMENT....FOR THE NEXT TWO YEARS!"

Now...I've never done this BUT...I heard of someone who has. There's an old law on the books that states something like;
"Anyone entering the armed forces is EXEMPT from foreclosure proceedings during and until they serve their time in the military!"

You'd have to check with an attorney but, I know there's a FEDERAL Law that says this so...what I "heard" that has been done was...this person went to a recruiting office...found a young man who was joining the military...made an agreement with the young man whereby the young man would be assigned part ownership in the house and at the end of his military term...sign the part back to the homeowner.

Any fininancial institution would be FORCED TO STOP foreclosure proceedings or incur the WRATH of the gummit.

Again...I don't know what law this is HOWEVER...I heard that this was done recently when a young man joined the military and all proceedings against the delinquent homeowner were stopped.

Worth going to a Law Library to check out.

You could do a service to these people, giving them some breathing room...beat out competition and collect a pretty nice fee.

Don Alm

> Hi guys,

> I run a small part-time business where I
> work with homeowners in foreclosure to help
> them with their predicament. Sometimes I can
> get them loans to tide them over until they
> get re-financed, a settlement check or
> what-have-you. Sometimes I can help them
> declare BK to save their home, and other
> times, I can help them sell their home and
> save their credit.

> I offer a valuable service, where I work
> pretty hard to help the homeowner. The
> problem is that the competition out there is
> pretty stiff.

> There are many real estate investors out
> there who are looking to just assume some
> homeowners mortgage without really
> considering their needs.

> I need to market myself differently.

> Right now, I do a variety of sending
> flyers/cards via snail mail and knocking on
> their doors to talk to them.

> Is this the appropriate forum to ask advice
> on best/novel approaches to tackle this
> market?

> Thanks so much!

> Chris




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