Cold Calling Sellers in Pre-foreclosure

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 139

  • @michael_barcena_rei
    @michael_barcena_rei 11 місяців тому +72

    What everyone should pay the most attention to is the tone he talks in. That’s the key

    • @michaeldfranke
      @michaeldfranke  11 місяців тому +5

      Tonality is definitely important. Appreciate you watching 💪

    • @alexabad7595
      @alexabad7595 7 місяців тому +3

      What software is he using that tells him the auction is in 13 days?

    • @PaulA-ii7tj
      @PaulA-ii7tj 5 місяців тому

      @@alexabad7595 public records

    • @marialopez-ct5cq
      @marialopez-ct5cq 5 місяців тому

      Thank you for sharing this video! It really helps especially being so new to this! Appreciate it

    • @ryancallahaninvestments
      @ryancallahaninvestments 4 місяці тому

      @@alexabad7595 I'd love to know this as well.

  • @keyshawnachilsom6158
    @keyshawnachilsom6158 9 місяців тому +18

    best video call on preforeclosures there is!

    • @michaeldfranke
      @michaeldfranke  9 місяців тому +1

      I'm so glad it was helpful! Thanks for watching!

    • @Shelyboi
      @Shelyboi 5 місяців тому +1

      I 2nd this

  • @Shelyboi
    @Shelyboi 5 місяців тому +16

    Out of all the wholesale youtubers this is probably the best video I've seen wow

  • @phoenixnesthomes7003
    @phoenixnesthomes7003 10 місяців тому +17

    I watched this vid and tried your strat. So much better convos. I may have saved someone being screwed big time . Just wanted you to know you helped nit only myself but a family in need today. Great work.

    • @michaeldfranke
      @michaeldfranke  9 місяців тому +2

      I'm so glad it's leading you to have better conversations! That's great!

  • @leadgenjay
    @leadgenjay 11 місяців тому +9

    Impressive hustle with the cold calls, Michael! For those watching, remember that timing is key in pre-foreclosure situations. Touch base early in the morning or later in the evening when people are more likely to be home and willing to chat.

    • @michaeldfranke
      @michaeldfranke  10 місяців тому +5

      Timing is important...but don't let perfect timing stop you from taking action

  • @1azrealtor
    @1azrealtor 4 місяці тому +7

    Your style and communication skills are what I’ve been looking for, very much my type of approach.

  • @Humblebeast.j9
    @Humblebeast.j9 11 місяців тому +11

    This is my first couple of weeks looking into this process, this live call was the perfect introduction as to how the conversation should go. I’ve got a lot of studying to do!

    • @michaeldfranke
      @michaeldfranke  11 місяців тому +1

      Studying is great, but take action as well. You learn the most that way.

  • @deborahstruller5887
    @deborahstruller5887 8 місяців тому +4

    Great learning experience! Thanks you so much for sharing this!!!!

  • @ConquerYourMinds
    @ConquerYourMinds 10 місяців тому +6

    Phenomenal breakdown and love how your priority is helping the people out of their situation!

    • @michaeldfranke
      @michaeldfranke  10 місяців тому

      Thanks for watching. I’m glad it was helpful.

  • @jeredozaeta513
    @jeredozaeta513 10 місяців тому +5

    Love how you keep your tone together and in a calm way

    • @michaeldfranke
      @michaeldfranke  10 місяців тому +3

      Have to keep a level head so you can hear what the seller is really needing

  • @josephrojas951
    @josephrojas951 11 місяців тому +5

    Wow that was gold! Thank you so much for teaching us all how to talk to sellers and do ethical business.

  • @DebbieRoberts-s1z
    @DebbieRoberts-s1z 29 днів тому

    Thank you Michael for all the training and teaching us how to connect with people, who need us!

  • @LaShayMonroe
    @LaShayMonroe 10 місяців тому +7

    Dude your 1st contact was a tough one. I'm impressed.

  • @neckhammockothermusthaves7476
    @neckhammockothermusthaves7476 7 місяців тому +4

    Jitters are officially GONE! :) Making my FIRST pre-foreclosure call today!! This was so GREAT!! We are CONSULTANTS! :) P.S. Are there nationwide websites like Milsap & Singer? That's a cool bonus piece of knowledge for the Seller! :) Good stuff! Working Memphis and Denver markets!

  • @ibeeShop-hv3pn
    @ibeeShop-hv3pn 8 місяців тому +2

    Amazing! I appreciate you sharing this with us 🙏🏻

  • @JoelAvilaP
    @JoelAvilaP 10 місяців тому +2

    Amazing content. I was struggling with cold calls, and this was exactly what I need it. Thank you very much!

  • @allaboutruselia5283
    @allaboutruselia5283 11 місяців тому +2

    Great call! It highlights your motivation, Michael. Keep creating videos.

  • @kristyfrazier8728
    @kristyfrazier8728 7 місяців тому +1

    This is great and so very helpful. I haven't made my first call because of my lack of confidence. I feel much better about making these calls now! Thank you!!!

  • @Shekira2008
    @Shekira2008 8 місяців тому +2

    Awww your heart is for the people. And that’s why God will bless you more..

  • @TradeHouseWorldwide
    @TradeHouseWorldwide 7 місяців тому +2

    This was AWESOME, thank you for making this video

  • @nellim9239
    @nellim9239 28 днів тому

    Michael voice is so calming and convincing ♥

  • @anupkarki8237
    @anupkarki8237 10 місяців тому +2

    You will not assume the loan, you’ll take property subject to and make payments on behalf of the seller. Assuming loan is different. However, the tone you talk with seller is very good and kind of soft spoken helps in the situation with some empathy needed. Thank you for the info.

    • @michaeldfranke
      @michaeldfranke  10 місяців тому +4

      Thanks for the correction. Ive bought 60+ houses subto, but got to keep terminology in check. Thanks

    • @anupkarki8237
      @anupkarki8237 10 місяців тому +1

      @@michaeldfranke where you getting leads from? I am going to start out

    • @bk.1an
      @bk.1an 5 місяців тому

      @@michaeldfrankewhere do you buy your leads?

  • @emmanuelarredondo1698
    @emmanuelarredondo1698 10 місяців тому +1

    Keep making more of this type of videos or have some of your guys make some videos as well. Thanks for the value!🙏🏽 Got some golden nuggets I can I add to my arsenal.

  • @JamesMyRealEstateGuy
    @JamesMyRealEstateGuy 8 місяців тому +3

    Great job. Where are you getting your foreclosure sale time and date information?

  • @Stvwlsh
    @Stvwlsh 10 місяців тому +1

    So much learning from this video, this could potentially be a training video, continue creating contents!

  • @dtub10
    @dtub10 6 місяців тому +1

    UA-cam algorithms are crazy- Tell me why I just came from door knocking at a house that’s about to go to auction in about 2 1/2 weeks. There was a sign that said “DO NOT KNOCK: On Conference Call” but luckily I wrote a letter placed in an envelope and left it under a chair on the front porch. Time is so imperative that I totally skipped calling and wanted to get directly in front of the owner ASAP. Best of luck brother!

  • @Sfwsolutions
    @Sfwsolutions 8 місяців тому

    Michael that was insane watching I absolutely love this you are simply amazing giving exactly what we need to do this job! Thank you so much!

  • @jerymeeregalado3428
    @jerymeeregalado3428 11 місяців тому +2

    This is really helpful, Michael❤

  • @john14twelve14
    @john14twelve14 10 місяців тому +1

    First time watcher of the content. True professional and master of your craft!! Well done, sir.
    Which CRM are you utilizing??

  • @Homesofhawaii
    @Homesofhawaii 6 місяців тому +1

    What software are you utilizing to show when the FORCLOSURE sale date is? Thank you so much for the value!!

  • @abbasraza2430
    @abbasraza2430 11 місяців тому +1

    This is 🔥. Thank you!

    • @michaeldfranke
      @michaeldfranke  11 місяців тому

      I’m glad it brought some value 💪

  • @bloominblinds9194
    @bloominblinds9194 7 місяців тому

    love this, thank you for doing this for us Michael!

  • @cincyhomescashoffer
    @cincyhomescashoffer 10 місяців тому +2

    Cold calling pre foreclosures is best..ive been doing it over 20 years..have done some great deals

  • @cherylalhassan3543
    @cherylalhassan3543 11 місяців тому

    My son is part of CG and learned of your training through CG. Your training was phenomenal! I work with my son in real estate and it has been a great source of income. But....helping people with pre-foreclosures has shifted my mindset to now having a passion for working in real estate. I, too, am a believer and love how you share that. You have ignited a fire in me to help people and I am so excited. One question I have is for Millsap & Singer, how do I find the address using the MS File #? Thank you for all you do for people. I just love it!

  • @vanillasf
    @vanillasf 10 місяців тому +1

    Great call, thank you

  • @john14twelve14
    @john14twelve14 10 місяців тому +2

    Also, interesting to hear your acquisitions process from the first connection who canceled and signed with you.
    Do you have boots on the ground acquisitions agents nationwide??

    • @michaeldfranke
      @michaeldfranke  10 місяців тому +2

      Currently we are just local, but we hope to be nationwide in the next few years

    • @fidelmaldonado477
      @fidelmaldonado477 Місяць тому

      @@michaeldfranke 31:59 Hi Michael, are you national now?
      I like your video, and wants to get on the wholesale business .
      Thank you for your assistance .

  • @issacindigopodcast
    @issacindigopodcast 9 місяців тому

    Dude this is sick thank you 🙏

  • @Iamaprilkimiya
    @Iamaprilkimiya Місяць тому

    Hey Micheal
    I recently came your page last night. I wasn’t able to find one, but I wanted to know did you have any videos regarding the process of signing this contract to a buyer? And would it be better to have buyers lined up before even pursuing someone within pre-closure

  • @jessschiele9019
    @jessschiele9019 7 місяців тому

    This is fantastic!! Thank you ❤️🔥

  • @ArtisticallyAspiring
    @ArtisticallyAspiring 6 місяців тому +2

    I would like to know how to educate myself on the different options you offered

  • @pascual4764
    @pascual4764 10 місяців тому +1

    this was awesome good content bro

  • @Qfromthe02
    @Qfromthe02 6 днів тому

    How would we know how many days left before the sale ??

  • @MarioGonzalez-mj9qk
    @MarioGonzalez-mj9qk 10 місяців тому +1

    Great content MIchael. What source do you use to get the leads and all the foreclosure information? Thanks

    • @michaeldfranke
      @michaeldfranke  10 місяців тому

      All public data you can glean directly from the source at the county level

  • @MonteMitchell
    @MonteMitchell 4 місяці тому

    This is gold.

  • @josephrojas951
    @josephrojas951 11 місяців тому +2

    When starting out new in this business how did you build the relationships with the people who help you stop Foreclosures

    • @michaeldfranke
      @michaeldfranke  11 місяців тому +2

      I will have a community launching soon that goes over every aspect of that. I will try to make a UA-cam video soon over that though.

    • @Trebon3zz
      @Trebon3zz 5 місяців тому

      @@michaeldfrankeHave you started this community and posted this video?

  • @Surfundre
    @Surfundre 2 місяці тому

    Hello! Is your one (1) page Purchase Agreement for preforeclosure's for purchase?

    • @Surfundre
      @Surfundre 2 місяці тому

      And if it is, do you have a short training video that comes with it on how to fill it out?

  • @SherryXShi
    @SherryXShi 9 місяців тому

    Thanks Michael. is it possible for you to teach us on : what system do you use? and how and where to hire a VA? and what do you use to filter the Do Not Call numbers?

  • @ryancallahaninvestments
    @ryancallahaninvestments 4 місяці тому

    I'd love to see what you say in the video message you send. Thanks for all the great value with these videos!

  • @feliciaringgold3150
    @feliciaringgold3150 4 місяці тому +2

    How can I get a guy like Rick that gets things done

  • @RachelGreen-e9m
    @RachelGreen-e9m 3 місяці тому

    Wait a minute. What do you mean once its sold at the court steps the house is gone. Doesn’t the seller have redemption rights after its sold at auction?

  • @anthonycasados8051
    @anthonycasados8051 11 місяців тому +1

    This is too good

  • @notyouraveragejohn69
    @notyouraveragejohn69 8 місяців тому

    How to find these online up to date foreclosure records? Is there a nationwide site or maybe just a google prompt so I can search my county?

  • @DesirableLibra777
    @DesirableLibra777 6 місяців тому

    Yo i appreciate you and this video! How you break down options for the seller that’s what i desire to do! Thank you!!

  • @dienekes4364
    @dienekes4364 9 місяців тому

    How would I find a website like Millsap & Singer for the state of Oregon? What search criteria would I use to find those sites?

  • @adrianlammersdorf5620
    @adrianlammersdorf5620 7 місяців тому

    Great video! I haven’t done foreclosure calls yet, and this is going to help me a lot. Would you mind sharing your bankruptcy connection?

  • @lFrisk3l
    @lFrisk3l 11 місяців тому +1

    What’s power dialer do you use?

  • @DavidSmallRE
    @DavidSmallRE 11 місяців тому +1

    Good stuff!

  • @Anna-gv3gr
    @Anna-gv3gr 7 місяців тому

    Michael, thank you so much for sharing this! This is priceless to actually see this done live! I've been looking for more education, so I can feel more confident. I have finally found it! Monkey see - monkey do! ))) One question, please mention a few key connections I need to nurture before I actually try to help homeowners. Will this be a foreclosure attorney, a title company, an investor friendly RE agent..? Maybe you could make a video on how to develop my network before diving in with the homeowners? Thanks a ton!

  • @BSB_1111
    @BSB_1111 5 місяців тому

    Where do you get the auction sale information from?

  • @reneemonegain503
    @reneemonegain503 10 місяців тому +1

    1 page purchase agreement, keeps it simple. It's definitely not the subto agreement . ❤❤. Would you be willing to share that., because I feel a simple agreement in these delicate situations would be very helpful. Peace and Blessimgs I just started watching you. I've helped in two preforeclosure here in AZ. We stopped one and the seller wanted to go the shortsale route. I was the buyer and it was approved at 150k in 2020. The gurus turned it down, and Zachary Kepes gave me the money to buy it. It was an awesome experience to help. I have a passion for this one because I lost our home in IL to preforeclosure in 2017, and walked away with nothing. I just discovered you, and am looking forward to learning more, from you. Peace and blessings... thank you

    • @michaeldfranke
      @michaeldfranke  10 місяців тому

      My Subto agreement is much much longer. Definitely a different agreement entirely.

  • @Moses_99
    @Moses_99 4 місяці тому

    As someone starting off and the seller asks what company or group are you with what would you say then? Does it make you look like a shark looking for a deal if you tell them you’re a lowball cash buyer? Or how exactly would that play out?

  • @marianonareno
    @marianonareno 10 місяців тому +1

    Enjoyed watching this cold calling process. We can really see the reality of talking to these different sellers, hope everyone who want's to do cold calling may get all the important details and learned a lot in this video. Thank you Michael 😇

    • @michaeldfranke
      @michaeldfranke  10 місяців тому

      Hopefully they can gain a few nuggets

  • @raccoonthieves2635
    @raccoonthieves2635 4 місяці тому

    What time of day were you making these calls? What would you recommend for a good time to make these calls?

  • @russcali4138
    @russcali4138 3 місяці тому

    What is free skip tracing software?

  • @Kyle-l2p3k
    @Kyle-l2p3k Місяць тому

    What CRM do you use?

  • @Razorskate
    @Razorskate 3 місяці тому

    How do you get their phone numbers?

  • @laurenashley9006
    @laurenashley9006 6 місяців тому

    Hi! What CRM do you use?

  • @Legacy3Enterprise
    @Legacy3Enterprise 11 місяців тому +1

    How would I approach a foreclosure attorney to work with my team?

    • @DavidSmallRE
      @DavidSmallRE 11 місяців тому +1

      Wondering this also!

    • @michaeldfranke
      @michaeldfranke  11 місяців тому

      We don’t have a foreclosure attorney on our team. Our title agent used to be one. He’s well versed on all of that and helps us get sales stopped.

  • @markholt1073
    @markholt1073 3 дні тому

    What percentage of pre foreclosure home owners actually want to keep the home , and is offering a personal loan a good idea to catch up on all of their past payments ??

  • @gascan_productions
    @gascan_productions 9 місяців тому +1

    smoother than glass

  • @TylerEsparza-ut3zh
    @TylerEsparza-ut3zh 7 місяців тому

    Do you ever go after or help out in other states ?

  • @CMR-fv4iy
    @CMR-fv4iy 10 місяців тому +1

    Do you do any follow-up text messages ?

  • @jnkinc2009
    @jnkinc2009 6 місяців тому

    What do you do when nobody answers the phone

  • @user-ux8yh9gq6k
    @user-ux8yh9gq6k 7 місяців тому

    What is pre mls?

  • @user-ux8yh9gq6k
    @user-ux8yh9gq6k 7 місяців тому

    Is there a class for this to get more in depth?

  • @daviddoten6729
    @daviddoten6729 7 місяців тому

    you would think the phone companies would atleast scrub the obvious dead numbers off thier platforms. but they still allow these dead / bad disconnected numbers after 5-10 years to be circulated and recycled. in this day and age

  • @StacyLambert-f2q
    @StacyLambert-f2q 3 місяці тому

    What would you say to that Realtor if they would have answered? What options would you have given them to collaborate with you? Also, any chance you would share your bankruptcy contact and Rick’s number, 😬 pretty please 🙏🏼😉 As always, thank you for the content!

  • @Ceoace
    @Ceoace 12 днів тому

    Sound like he calling people his employees called already

  • @bradenbissell
    @bradenbissell 10 місяців тому +1

    You have a good pitch but i would not be promising these people cash before even knowing the numbers or the price point the seller wants. We take homes subto with ZERO cash to seller. This way you dont get their hopes up and then have them cancel the sale because you are not performing

    • @michaeldfranke
      @michaeldfranke  10 місяців тому +1

      Not my first day. Closed hundreds and hundreds of houses out of pre-foreclosure. Thanks for your perspective.

  • @igor21s
    @igor21s 5 місяців тому

    🔥🔥🔥

  • @dblant77
    @dblant77 5 місяців тому

    Michael, I use TPS as well. It's hit or miss... my question is when you text a new lead for the first time do you text the same intro you use over the phone...?

  • @Goldenusers
    @Goldenusers Місяць тому

    Who the F is rick?? How can call like this??

  • @willsmith4575
    @willsmith4575 9 місяців тому

    He’s lowkey got the Obama “uh” and it’s very disarming.

  • @DebbieRoberts-s1z
    @DebbieRoberts-s1z 29 днів тому

    Thank you Michael for all the training and teaching us how to connect with people, who need us!

  • @RachelGreen-e9m
    @RachelGreen-e9m 3 місяці тому

    Wait a minute. What do you mean once its sold at the court steps the house is gone. Doesn’t the seller have redemption rights after its sold at auction?