Have you gotten a Handwritten Letter To Buy Your House?
If you are a home owner and you live in an area that is severely distressed or perhaps have started to miss payments. Chances are pretty good that you will get a letter similar to the one in the above video. As the slime ball marketing scheme goes (you have to watch the webinar for around $500 bucks) your handwritten letter will cause the unsuspecting home owner to open it. Home owners often lose their home in these scams, but almost as sad is the people who pay the money for this scheme think they will get rich off short sales.
The plan is pretty simple, short sales are tough and people are scared. The investor can make untold millions by sticking it to the bank one home at a time, meanwhile they look like a hero for your home as well. Since most of these “investors” are more than likely desperate as well (disclaimer: they very well could just be using the technique though) the person selling this type of advertising usually has financing, negotiation and everything set up. It’s actually a great idea in theory. The only problem is that the closing ratio is less than 50% and they usually can’t ask the question, “What happens if the bank does not agree to your offer?”
It all works because the would be investor has your attention, after all they are claiming to be a legitimate buyer. It also works because if you are a short sale candidate, likely you are scared and who would want to offend this buyer. Here’s some tips to avoid being taken advantage of:
- Real Offers show proof of being able to close
- Real offers have earnest money
- Real offer usually have a contract
- Professionals would not hand write a letter. Even Matt Cutts from Google got one of these letter.
Disclaimer: There could be real estate agents or investors utilizing this technique that are completely legitimate. Our policy is that if it’s a tactic that’s used to deceive people we just want to stay away.