First Time Buying a Pre-Foreclosure

[Tammer Fakhry]

I am in the process of looking to buy a pre-foreclosure. I am trying to understand the fundamentals of subject to. If the owner has no equity, then what would be a fair offer? However, if they do have a good amount of equity, say 20 or 30% then what would a good offer be? I am meeting with the owner to understand his situation, but I want to make sure that I have a basic understanding walking in what I am in for. Any and all help would be appreciated.