Will this work? Buying with a Quit Claim Deed..

[Demar Young]

Hello, completely new to this but, I have an idea of buying houses that are in preforeclosure. Will this work? If so what are somw of the pitfalls.. 

My idea:

1) contact Individuals who are in the foreclosure process

2) pay off late payments and fees

3) pay them

4) assume loan or refinance

I get a title search and pay those if it make since i.e there is equity.

Please help

Demar