How to get a deal on a tax delinquent property

[Mike Saf]

Greetings,

I'm new here and have a question about buying tax delinquent properties. Let's say I find a tax delinquent owner in the city and contact them to take over their mortgage. What is the benefit in doing that if I have to pay the back taxes along with the mortgage? Does this only benefit me if the owner has a decent amount of equity in the home already? Would a bank refinance the home at a lower price to continue receiving payments? Also, what is the best approach to finding owners with decent equity in their home? Thanks for any help!