Family Member behind on Mortgage and Taxes

[Austin Lockard]

What are all my options when dealing with pre-foreclosure homes in Houston(Missouri City)? I have a family member who is behind on payments (mortgage and taxes I believe). My investor is hesitant to work with my family member because he's afraid my family member will ask for whatever equity he has in the house. What should I do?

Any advice would be greatly appreciated!

[Jon Holdman]

Your family member will almost certainly get more money for the property if they sell it traditionally (via MLS) than if they sell it to an investor. Some reason not to go that route?

I would certainly not try to make even one dime from a family member.  Not directly by getting involved in the deal.  Not indirectly by passing it to someone else who's going to make money on the deal.