Looking for help with foreclosure auction in Fort Worth, Texas

[Account Closed]

Foreclosures are new to me, so I am hoping to get some insight form more experienced investors:

I have located a property with favorable numbers that is listed for foreclosure auction in about 10 days.  I met with the owner today in an attempt to explore possibilities of helping him out. He didn't have much to say other than "I'm fine  ... I've got money now." He was very nervous and I feel that he might be in denial about his situation.

I don't want to spend time on this if he has actually worked things out with the bank, but I think this could be a good opportunity. I am familiar with the area, and the house is in good condition from what I can see. It should sell fairly quickly with minimal repairs. If I can get it at the right price, it is a no-brainer.

So my question is this: Is it appropriate to contact the foreclosure attorney to understand the real situation? Will they share useful information? Or do I just have to wait until the auction day to see if it actually goes up for sale?

I'm sorry if this is a basic question, but I'm learning as I go!

[Jay Hinrichs]

@Account Closed

 prior to it being highly suspect and illegal here on the West coast IE equity skimming laws I did quite a bit of pre foreclosure rent back work... the deals were almost always made the day before the sale... and it was a mad scramble to get a cashiers check to the trustee.. we would hire couriers to hand deliver.. those in denial waited until they just could not deny anymore.. if we got one two days before that was a luxury.  and BK attorneys generally file the morning of the sale or maybe the night before... So its really not very practical or your not going to have much success if you just hone in on one property... you must follow 50 or more to get one. not that you could not get lucky and pre foreclosure takes the competition out of it.  But then you go to the auction and well then the local players are there and you get out bid.. or you end up getting caught up in it and bid to much either way its a numbers game.... very hard to just pluck one at trustee sale very hard.