1. Work only with Preforeclosure Real Estate motivated sellers.

Most homeowners who are in preforeclosure are feeling a great deal of anxiety and are looking for a way to correct the situation. If the homeowner believes they can catch up on the mortgage payments or otherwise reverse the foreclosure proceedings they probably aren't going to be good candidates for a preforeclosure short sale. The homeowners you want to approach have explored their options and have thus far come up empty handed. These homeowners are now very motivated and are least likely to change their minds when it comes time to sign the preforeclosure short sale papers.

Solution: Get the Deed up front. Put it in escrow with your favorite attorney. Buy Chapter #12 now on Private Lending and learn what documents to use and how to explain escrow to your homeowner.

2. Build a friendly rapport with everyone you meet..

This is good advice not just for closing short sales but for life in general. People do business with people they like and feel they can trust and people they believe understand them. Be nice to everyone you meet and always speak to them in terms of what you can do to help them, not what they can do to help you. The good will that you build will not only make closing preforeclosure short sales easier it will bring greater success to everything you ever try to accomplish in life.

Not sure how to build rapport with homeowners and lenders? Chapter 4 of Short Sale Success Systems will set you on the path to becoming homeowner's and lender's new favorite real estate mogul.

3. Keep your preforeclosure short sale homeowner in the loop.

Sometimes short sale deals move quickly and other times they don't, the important thing is to always maintain the line of communication with the homeowner. If the deal is moving slowly, don't leave the homeowner wondering what the status is - pick up the phone and let them know that you're working on the deal and that they are important to you. This also builds rapport and will help get your seller to the closing table in the end.

4. Use direct mail to drive name recognition.

In the results driven world we live in, we tend to believe that only activities that immediately make our phones ring off the hook are worth doing. It's NOT TRUE! On average, potential clients need to see our names 7 times in at least 3 different mediums before they will do business with us. Use direct mail to keep your name in front of potential clients and increase your name recognition. It will pay off.

5. Mail a post card first to update your pre foreclosure homes address list.

Direct mail postcards are the lease expensive way to check in with your potential preforeclosure short sale clients and make sure that you have their correct contact information. Before you send out those beautiful, expensive marketing letters send out the postcards and update your contact list accordingly.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Preforeclosure Investing: A Pocket Summary
Banks don't want to have foreclosure property on their hands. What this can mean for you is a huge real estate investing opportunity: buying properties that are in preforeclosure. A preforeclosure is a property on which the bank has begun foreclosure because the owner has missed several mortgage ... more...

Preforeclosure Listings Services - Frequently Asked Questions - FAQs About Preforeclosure Listings
Preforeclosure listings services provide an invaluable time-saving tool for every real estate investor who is looking to research the available pool of real estate preforeclosures in your area. Should you subscribe to them? Here is a list of frequently asked questions (FAQs) to help you make an ... more...

Why the Preforeclosure Stage is the Time to Buy
Boy there certainly is a lot of interest in investing in foreclosures. Probably spurred on by the media as well as the sheer volume of properties in distress. This article will show you why the preforeclosure stage may be the best time to buy. For those that are not clear on the difference between ... more...

Preforeclosure Short Sale Foreclosure - Making the News Again
This time it's a legal proceeding gone upset for the banks! This bank filed 14 more foreclosures only to find the rules had changed and the cases were thrown out of court...for now. This judge wanted them to be on the title as having been assigned the note. They had not been and probably wouldn't ... more...