What is Preforeclosures?
Preforeclosure begins when a homeowner misses payments and receives a notice of default, but before their property reaches auction. Many remain in denial or hope to resolve the issue, yet history shows a much higher turnover rate than the general market. Acting early builds trust and positions you as the local expert before most investors appear.The Right Audience
Homeowners in preforeclosure (Notice of Default or Lis Pendens) with 30%+ equity. These owners are under financial pressure but not yet forced to sell, making it critical to build credibility and stay present until they decide to act.Outreach Channels
Start with phone outreach to connect directly. Reinforce credibility with direct mail, then use email to outline solutions in detail. SMS should only be used later to confirm appointments or send reminders—not for initial contact. Consistent, respectful follow-up keeps you top of mind until they’re ready.Measuring Success
Success is measured not just by initial responses, but by how many conversations progress to appointments and agreements. Expect longer cycles, but higher payoff, as many preforeclosure owners eventually sell. Track conversions to deals secured before auction.Ready to Run this Play?
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