Silogo net

I receive calls each day from Realtors that inquire how they can get in touch with clients that are presently thirty, sixty or ninety days late on their mortgage and have not incurred a NOD yet. Their essential concern is that the Lis Pendens lists that they are using for marketing are not converting advantageously for them. The cause those lists tend not to close well is because once the client information goes public they are riddled with phone calls and direct marketing. The second biggest issue is that many times once an NOD has been written out, the client may have already vacated the dwelling.

This is where our service gets in to alleviate the topics named above. We obtain this pre-foreclosure data from the credit bureaus because mortgage lenders will report to the authorities when a client misses their mortgage payment. When you contact a client at this stage, they are perfect prospects for a short sale. At this stage they are behind one or two payments and are at the important decision making spot considering whether or not they are going to make an effort to spare their dwelling. It is up to you to facilitate these borrowers to make that decision and show them the benefit of a Short Sale or Loan Modification.