Buying a Defaulted Mortgage to Fix & Flip

[Brigham Pyron]

I have just found a guy who sold an inherited home with owner financing. The new owner stopped paying some years ago. The now mortgage holder has agreed to sell me the mortgage which I would foreclose then fix/flip. The mortgage balance is about the ARV of the home, around $95k and I can buy it for a little over $22k. I'm comfortable that the rehab of small things would leave plenty of profit and the defaulted owner knows he'll have to move soon and seems ok with that.

I'm told that foreclosure and eviction if necessary will cost up to about $2500.  Will I use a closing attorney to handle everything or is there some other process?  Any extra helpful advice?