There is nothing illegal about that.
However, when a realtor or anyone solicits a homeowner who (May) be in distress they should always say the information is not accurate or has not been verified!!
I agree, this a close to a shady way of solicitation. A lot of (business people) send scary letters to home owners who they found either on Foreclosure.radar or realty trac. However some soliciters send info that is inaccurate. I work with homeowners to help them avoid foreclosure and they have told me they will get all kinds of letters from realtors they will even have realtors knock on their door and tell them their home can be sold under their feet whent that is not true !
If you were you I would send a letter back to whomever is sending that to you and tell them their info is inaccurate ask them to not contact you and if they continue complain to their broker or real estate board they belong to.
We have protection from Debt collectors (FDCPA) a debt collector can not send a Post card or any evidence that the person they are soliciting is being contacted by a debt collector, basically they cant give info to a 3rd party. However, when some of these realtors and investors send postcards that say to the work your home is in foreclosure I believe that should be illegal. It is obviously unprofessional!!! If we all complain about the tactics that are being used maybe then there will be change.
Best of Luck,
Legal Assistant - Realtor
Volo Law Group
925 699 5041
As a professional real estate investor, I frequently send letters to distressed properties off of foreclosure NOI lists that we compile. I have found that a hand addressed letter is more likely to be opened by the owner as many "form" or "bank legal" looking letters get tossed by the owner.
I do send postcards as well, but I don't send "scary letters", our marketing just offers the owner a way out of their situation. Sometimes cash, sometimes take over payments, sometimes short sales to the bank, it all varies. It's not "unprofessional", in fact we offer a buying situation to the owner. It's not surprising that some Realtors would like our marketing to be illegal, but I'm not going to tout that Realtor marketing and direct mail be illegal, even though in a lot of cases we do compete for the same customer.