The Note Closers Show Podcast

Hello Letters: A Simple Strategy For Speeding Up Right Party Contact

Jul 7, 2022

22:53

Loan servicing transfers can take longer than expected. For this reason, it is in your best interest to send out your own Hello Letters to speed up contact instead of waiting for the seller's servicing company to send out their Goodbye Letters. On this episode of the Note Closers Show Podcast Scott shares his strategy for speeding up right party contact with new nonperforming borrowers on new note purchases. He shares why this process has helped convert 65% of distressed borrowers to a performing note, a trial payment plan, or a deed in lieu of foreclosure. He also shares why it's important to reach out and give the borrowers a fresh start and a real point of contact where they can talk with someone to set up payment arrangements.

Love the show? Subscribe, rate, review, and share!