How to approach a pre-forclosure or a forclosed property owner?

[David Polius]

Hello community! Apaying mortgage?) how would you approach an owner of that sort? Is that who you send the "yellow letters" to? If thats the case what would it say? If for example his or her property was bought for 300k, 10 years ago, and now its been forclosed for two years, that would mean they paid mortgage for 8 years and have lets say 200k left to pay. So what would be the offer? And how would the process of buying from them work? Am I even asking the right questions here? Would love to learn more about this, and if anyone can explain more in depth, with more examples perhaps, I'd really appreciate the time. Cheers!