Newbie stumbled into a Preforeclosure

[Bryce Christensen]

I'm trying to learn about buy and hold for myself, but I just stumbled into a situation with an acquaintance in West Houston / Katy that is in preforeclosure. I haven't done enough homework to know how to help them at the moment. Can anyone help me with what information I need to gather to make a formal posting to solicit an investor that would be interested? I expect I need to figure out exactly how far they are behind, how much equity they have, and when the bank sale date. What other information should I gather?