Buying a Property Before Foreclosure

[David Simoneaux]

I caught wind of a home in my uncles neighborhood that is to be foreclosed upon in “the next 30 days” according to the homeowner. 

The potential sale price is something I could pay cash for. 

The owner and I have discussed covering the payoff amount and giving her enough money to get back on her feet (which is fair market value based upon how distressed the home is). 

Questions and Guidance: 

1-What is the process for closing on something and saving it from Foreclosure?

2-How long does that take as I will be pressed for time with 30 days or less to close(accessing the cash is not the issue, it is the transfer of the title)?

Any other helpful info would be appreciated! Thanks!