General Forclosure questions

[Roc P.]

First time posting here so hello everyone. Anyway I've just finished reading a book on foreclosures and have been browsing this site as well for information. One thing that I'm having trouble with is with sellers that have a lot of equity into a property that is being foreclosed (or pre). Most sellers would be able to get another mortgage or credit line on the house if they have a lot of equity into the home. How much is this going to effect the whole process with regards to trying to take over the property with using too much of your own money.

My other question is when a investor takes over the mortgage and any other liens, what profit is a seller usually expecting besides the house getting foreclosed on or bad credit etc. Thanks

P.S. Sorry if any of these questions seem confusing