The entire Real Estate industry is in a unique cycle right now. Below is a copy of aletter I will be providing to my Real Estate Partners to help them "touch" their client database. It is my hope that this letter will provide some necessary ammunition for my Real Estate Partners and prove that they are in fact Professional Realtors and are on top of ever changing market conditions.
Dear (Client Name)
You have no doubt been hearing or reading the headlines about adjustable rate loans and that up to 2 million homes could be heading into foreclosure. Millions more are being impacted by recasting (that is when the interest rate of the current home loan adjusts). I am concerned for all of my clients and their financial needs which includes the type and terms of your home loan.
According to a recent poll, 1 out of 3 homeowners have no idea of what kind of lan they have. Under better market conditions that might not be a concern. But in the current market, it's imperative you know exactly what kind of loan you have. I have arranged for Certified Mortgage Planning Specialist, Toby Riley, CMPS to review your loan at no cost to you.
There may be nothing to be concerned about. But, if there is a risk that your mortgage payment could suddenly rise, I want to make sure you are prepared and have the information you need to make an educated and informed decision. In reviewing your loan now, hopefully you will be able to identify and avoid potential rate adjustment in the future.
Here's how to take advantage of this complimentary loan review I've arranged for you to receive at no cost.
Call Certified Mortgage Planning Specialist Toby Riley 866-648-8231 ext 1010 or email him at toban.riley@americanhm.com. Toby will review your current loan, explain how your loan will adjust if you are in an adjustable rate mortgage, identify potential problems and give you a number of solutions if a problem is identified.
As always, if you know anyone looking to buy or sell a home, please feel free to have them contact me at (xxx-xxx-xxxx)
Sincerely,
(Realtor)
Without a doubt some of YOUR clients are falling into the "2 million lost homes" and "1.5 trillion in payment recasting" buckets. This presents a great opportunity to touch your past client database to protect your clients homes and the relationship you have gained from your clients.
Click on the link below to view the study mentioned in this letter.
http://housingdoom.com/2007/03/29/homeowners-dont-know-what-kind-of-mortgage-they-have/
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