I think it is desperation. I sold a house a couple of year’s ago and many realtors called even though we specified no agents. It was a FSBO. Anyway, it sold fast (one week). The buyer knew what they wanted and was qualified with a loan from the credit union. We then pulled the ad, but I received calls from agents for over a year. Not every day, but steady, about once a month. This was in early 2009. I am thinking things have gotten worse and this fellow is using a targeted group to market to. I think his letter and approach are tacky, but I am thinking there are some hungry realtors out there.