Buying a Preforeclosure?

[Kevin Reid]

We have been shopping for a new primary, and plan on renting out our current home in west central Fl. For a while now when looking at various sites we keep seeing homes listed in preforeclosure with an estimated default amount. We have asked a few real estate agents about these, but they all seem reluctant to get involved. 

So how do you navigate these, if at all? Can you contact the banks, or owners? Any chance of success before they are listed as short sales or full foreclosures? Any legal issues to look out for?