Screening Pre-foreclosures for quality buy opportunities

[Kevin W.]

I have a ton of pre-foreclosures in my area, but upon screening the court files, it appears the debt outstanding is right around the ARV or market value of some of these properties. Is this customary for pre-foreclosure lists? I pulled lists looking for a home for myself, but was considering wholesaling those that don't check my boxes. Out of 100 or so homes, maybe ~5 are worthy deals with equity.

Is there a way to make money off these pre-foreclosures that are interested in selling?