Finding my first RE Deal

[Lisa Henrich]

I currently own two SFR properties because I moved and turned my primary homes into rental properties. I'm currently trying to build my portfolio by starting to find RE "deals." Is it possible to contact home owners who are currently in pre-foreclosure and offer to buy their homes for what they owe on their mortgage? I guess my question is, if the foreclosure sales date is set, is it too late to make these offers?

Thanks in advance!

Lisa